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7-Eleven, Inc. Signs Deal With NCR to Expand Financial Services Initiative and 24-Hour Check-Cashing Program

Posted on: Thursday, 17 November 2005, 12:00 CST

7-Eleven, Inc. has signed a five-year agreement with NCR Corporation (NYSE:NCR) to more than double its advanced-function financial services kiosk program and replace other in-store automated teller machines (ATMs) at various 7-Eleven(R) locations throughout the United States. The value of this agreement has not been disclosed; however, it also includes hardware and software maintenance services and incident management. Rollout will begin this month.

Additionally, NCR will service the majority of 7-Eleven(R) stores existing base of non-NCR ATMs. A dedicated Service Management Office will monitor service delivery performance on an ongoing basis. The 7-Eleven units use NCR's industry-leading Personas M Series ATMs and APTRA(TM) software platform for enhanced Windows(R)-based functionality.

7-Eleven's existing network of 1,050 advanced-function financial kiosks is one of the most expansive uses of check-imaging technology in the ATM marketplace today. NCR manufactured the prototype, which was first introduced in Austin in 1998. Based on NCR's Personas M Series, the kiosks offer more functionality than an ATM unit. Its product line includes check cashing, Western Union(R) money orders and transfers, bill payment and Verizon(R) long distance services. The goal in offering these services is to provide banked, unbanked and under-banked customers with easy-to-use, self-service options in convenient 7-Eleven locations.

Rick Updyke, vice president of business development for 7-Eleven, said, "Our network offers financial access and convenience to the mass consumer market, not just to the population who have bank accounts and ATM cards. We've proven the acceptance of these services in more than 1,000 7-Eleven stores across the United States. In addition, we are currently using Check 21 capabilities to electronically deposit checks several times a day and are positioned to accept consumer bank deposits. NCR and 7-Eleven have come a long way together, and we look forward to expanding our program with NCR."

Andy Orent, vice president for NCR's Financial Solutions Division, Americas region, said, "Our long partnership with 7-Eleven has produced some of the most innovative and compelling new uses for self-service in the industry, if not the broader financial services marketplace. We are thrilled with 7-Eleven's decision to expand its financial services network and that NCR's technology, Managed Services and expertise is helping to make it happen."

About 7-Eleven, Inc.

7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises more than 5,800 7-Eleven(R) stores in the United States and Canada and licenses approximately 23,200 7-Eleven stores in 17 other countries and U.S. territories. During 2004, 7-Eleven stores worldwide generated total sales of approximately $41 billion. Find out more online at www.7-Eleven.com.

About NCR Corporation

NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's Teradata(R) data warehouses and ATMs, retail systems and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 28,500 people worldwide.

NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.

Source: Business Wire

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