NCR and Fujitsu have entered a strategic alliance to collaborate on joint research and development and supply of products and technology for automated teller machines (ATMs).
The collaboration aims to enhance R&D efficiency and accelerate the time to bring new ATM products to market. The agreement calls for the creation of a joint team to develop selected new ATM technologies to introduce into their respective products.
The two firms say they will continue to compete in the distribution, sale and servicing of ATMs as separate organisations.
NCR lays claims to being the global ATM leader, with a wide range of self-service solutions and an extensive worldwide sales and support network. Fujitsu, which also competes globally, holds top share in Japan's ATM business, where advanced ATM technologies have become widespread.
Keith Taylor, senior vice president of NCR's financial solutions division, says that by working together the two companies will be quicker to market with more innovative ATM solutions.