First Data, NCR Sign Strategic Commercial Agreement

The strategic partnership will encompass payment card acceptance and technology solutions for the grocery, petroleum and convenience store industries.

November 17, 2015

DULUTH, Ga. & NEW YORK – First Data and NCR Corporation announced that the two companies have entered into a strategic commercial agreement. First Data will be a preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience store industries. NCR will be a preferred provider of ATM hardware and services to First Data’s client base of more than 4,000 financial institutions. The two companies will also pursue co-development of integrated commerce technology solutions for U.S. merchant clients.

Bill Nuti, chairman and CEO, NCR Corporation, commented: “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.”

“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,” said Guy Chiarello, president, First Data.

First Data and NCR will also collaborate to develop a payments security infrastructure that includes First Data’s TransArmor Data Protection integrated with NCR Epsilon and Connected Payments Gateway, which provides a secure routing technology delivered as a software-as-a-service solution. First Data’s TransArmor solution provides payment card security that combines encryption with random-number tokenization technology. With TransArmor, payment card data is protected at every transaction stage, reducing the risk of data breach as well as the scope and costs of PCI compliance.

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