Dispensing cash to Mother Russia

Talk about your money machines. NCR Corporation representatives were as pleased as a salmon with two roe sacs to announce that Russian Standard Bank has placed an order for 1,100 NCR Intelligent Deposit Personas automated teller machines, 150 cash-dispensing ATMs, APTRA Advance NDC software, maintenance services and installation services. The bank is the single largest private lending bank in Russia with a forty percent share of the retail loan market. NCR press material stated that, for Russian Standard, the advantage of Intelligent Deposit Personas ATM is the possibility of allowing customers to make monthly loan repayments in cash at an ATM; as in many Eastern European countries, cash is by far the most common method of repaying loans in Russia.

“While the Russian consumer lending market is still in the early stages of development, this is a highly innovative application for our deposit technology,” said Ruth Fornell, vice president for NCR’s Financial Solutions Division in Europe, the Middle East and Africa. And certainly the NCR braintrust sees many more rubles, euros and dollars in their Russian future, thanks to comments by Russian Standard Back senior vice president and marketing director George V. Gorshkov: “NCR … is the only ATM supplier with the service infrastructure to provide maintenance and staff training across the whole of Russia.” And Russia is a big country.

Russian Standard has already successfully installed NCR Intelligent Deposit ATMs in Moscow and other major cities, and the current purchase represents plans to roll out the network to 120 smaller towns and cities.