NCR Corporation officials omni-channel solutions said that all Banks in India are likely to replace the old ATMs with more innovative and multi-function machines in the next three to four months, The multi-function ATMs will have innovative features like face recognition and biometrics and will facilitate customers in transferring money and depositing cash and cheques. The machines will not run out of money as the cash deposited by customers will be dispensed.(DO CHECK: Demonetisation anniversary – Narendra Modi Thanked People for Supporting decisive battle)
US-based omni-channel solutions provider NCR Corporation, the largest deployer of Automatic Teller Machines (ATMs) in India which has a 50 percent ATM market share in the country, has come out with innovations like Interactive Teller ATM and EMV contactless ATM from its research and development center in Hyderabad.
New ATM Machines 2017 in India
Bank ATMs will be replaced to increase safety as the new ones are set to have face, biometrics recognition features. NCR Corporation is a global leader in omnichannel solutions and has a 50% ATM market share in India. It has come out with innovations like Interactive Teller ATM and EMV contactless ATM from its research and development centre in Hyderabad. The existing ATMs across the nation were deployed 8 to 10 years ago. With the replacement of these old ATM machines in metro cities, the existing ones will be moved to tier II and tier III cities.
The company executives shared these thoughts while announcing the opening of their research and development centre in Hyderabad, its largest R&D centre outside the US. Spread across 140,000 square feet and 1,200 employees, the software is working on innovative products and platforms for channel transformation and digital enablement.
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