Seacoast Bank strikes deal with NCR for ATM-as-a-Service solution

Florida-headquartered Seacoast Bank has partnered with NCR Corporation to use their ATM-as-a-Service (ATMaaS) solution, allowing the bank to outsource ATM management, reduce capital expenditure, and improve customer service through broader ATM access.

Facts

  • Seacoast Bank has chosen NCR’s ATMaaS solution to externalize ATM management and maintenance.
  • By adopting this solution, Seacoast Bank can reduce capital expenditure and enhance efficiencies, leading to improved customer service in the self-service channel.
  • Seacoast Bank has joined NCR’s Allpoint Network, providing its customers access to 40,000 surcharge-free ATMs across the US.
  • Access to ATMs becomes particularly important during active hurricane seasons, making the partnership vital for customers.
  • By affiliating with the Allpoint Network, Seacoast Bank gains the ability to compete with larger regional and national bank brands beyond Florida.
  • Stuart Mackinnon, EVP of NCR Banking, emphasizes the continued importance of ATMs as a touchpoint for customer service and success.
  • NCR Corporation also made a similar arrangement with UnionBank, the ninth-largest bank in the Philippines, which adopted its ATMaaS solution.
  • NCR’s ATM business will be called NCR Atleos as part of its division of ATM and digital commerce businesses.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...