First Data, a payment technology solutions provider, has signed a strategic commercial agreement with NCR, a consumer transaction technologies provider.
Under the agreement, First Data will act as a preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience store industries.
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In addition, NCR will serve as a preferred provider of ATM hardware and services to First Data’s client base of over 4,000 financial institutions, while First Data will become a preferred partner for NCR’s value-added resellers in the US.
The deal will see both the companies pursuing the co-development of integrated commerce technology solutions for US merchant clients.
Additionally, the companies will work together on a payments security infrastructure that integrates TransArmor Data Protection from First Data with NCR’s Epsilon and Connected Payments Gateway, which offers a secure routing technology delivered as a SaaS solution.
The agreement will also cover payment card acceptance and technology solutions for clients in the grocery, petroleum and convenience store sectors. The financial terms of the transaction have not been disclosed.
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By GlobalDataAs part of the deal, the companies will together explore opportunities to package their respective payment solutions and value-added services to deliver unique capabilities to their clients.
Furthermore, the transaction will also include an enterprise license for NCR CxBanking software such as APTRA applications and NCR Kalpana.
NCR chairman and CEO Bill Nuti said: "We believe this new relationship will help drive revenue growth, reduce costs, and improve security for our customers. As payment security continues to drive decision-making among CIOs and CTOs, NCR and First Data’s unique payment security software will create a winning combination for retailers."
First Data president Guy Chiarello said: "We are focused on partnering with NCR to bring integrated technology solutions, including payment acceptance, security, business intelligence, and digital gift card software, to clients in the petroleum, grocery and convenience store industries.
"Merchants around the world are concerned with cybersecurity and data protection, and our collaboration with NCR enables us to offer best-in-class security to a broad range of businesses through our TransArmor solution."
