NCR Corporation today announced its more than $50 million ATM deal with the State Bank of India (SBI).
As per the deal, NCR will deploy 7,070 SelfServ 22e ATM’s, software solutions and provide services for SBI over the next seven years.
The deal is expected to help SBI further expand its network in the country to reach its financial inclusion goals.
“This partnership continues to strengthen our ATM channel network of more than 57,000 ATMs, of which, NCR has almost half the base supporting more than 4,500 locations across India,” said Mrutyunjay Mahapatra, deputy managing director and CIO of SBI.
According to the World Bank, as many as two billion people worldwide are underbanked. In India, more than 233 million people have never been to a bank, and just 74,000 of the nation’s 600,000 villages have access to a bank.
The ATM is becoming a global target for crime. Last month, SBI advised its banking customers to use its own automatic teller machines (ATMs) for safe transactions and is looking to replace within ten days around six lakh debit cards which were blocked by it as a preventive measure.
SBI earlier said card network companies NPCI, Mastercard and Visa had informed various banks about a potential risk to some cards owing to a data breach.
SBI has taken measures and blocked cards of certain customers identified by the networks. The malware-related security breach was reportedly detected in the non-SBI ATM network, following which the public sector lender blocked around six lakh debit cards. An estimated 30,00,000-plus debit cards issued by various public or private banks are said to have been exposed to a potential risk of data breach.
“With SBI’s introduction of NCR SelfServ 22e ATMs, embedded with its Skimming Protection Solutions (SPS), helps to thwart card data breach and notify attacks in real-time, will help SBI to protect its brand reputation and strengthen consumer loyalty,” said Navroze Dastur, managing director of NCR India.
The SelfServ 22e is designed to handle high transaction volumes and its compact design makes it easier to be deployed in rural locations. This ATM’s uses low-energy LED lighting and fixed length receipts to minimize power consumption, reduce carbon footprint and paper waste.