NCR Corporation, a consumer transaction technologies provider, has been selected by the Bank of China to develop new automated teller machine (ATM) applications running on its multivendor software platform, NCR APTRA Edge.

As part of the deal, NCR will provide software application development, system analysis, support services and related training programs.

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In 2012, the Bank of China’s ATM network went live with the NCR APTRA Edge platform and majority of the applications on its network have cleared the initial phase migration process in compliance with EMV (PBOC 2.0) standards.

The new ATM application will support the bank’s initiative in implementing paperless ATM transaction flow and its Financial Integrated Circuit Card (IC) 5.0 project. The paperless ATM transaction project is aimed to reduce operating costs and improve ATM service availability, while eliminating the maintenance cost of changing journal paper rolls as well as the cost of paper.

The Financial IC Card 5.0 project is part of the Bank of China’s efforts to enhance its IC card product features and business process.

It involves three phases to enable new features and capabilities such as chip-based, automatic top-up, transaction short messaging, new reporting format, as well as converging with new payment channels such as point-of-sale, mobile and internet terminals.

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The project will be supported by the NCR which will carry out the related software upgrade and development.

NCR Greater China financial services president Gary Miao said, "The newly signed contracts have proven that NCR APTRA Edge has offered Bank of China a truly stable and open platform for providing unlimited application development productivity, making their customers everyday transaction easier."

The company also provides NCR APTRA Edge to Industrial and Commercial Bank of China (ICBC).