NCR
Corporation, the global leader in consumer transaction technologies,
announced that China
Merchants Bank (“CMB”) has selected NCR Dynamic eLock Management
solution, a software-based automated teller machine (ATM) electronic key
management solution, to help the bank centralize the management of safe
box keys and passwords across its over 10,000 unit ATM network.
Specially designed for the China market, NCR Dynamic eLock management
solution restricts the access to an ATM’s safe boxes to only authorized
users with an IC (integrated chip) smart key and a one-time password.
The software solution will help the bank improve the related risks,
efficiency and costs issues brought by traditional manual ATM locks
during cash replenishment and while conducting service maintenance.
Although all ATMs of CMB are non-NCR branded, NCR Dynamic eLock
Management Solution is multi-vendor compliant, which can support various
safe standards and different types of locks. The solution can easily
connect with the bank’s cash management system and monitoring system for
easy upgrade and development. NCR will customize development and
implementation of the solution. It is expected the solution will be live
nationwide by the end of this year.
“With NCR’s deployment track record in Dynamic eLock management
projects, we are excited in gaining the recognition from China Merchants
Bank by working with us for the first time. We will ensure the smooth
implementation of the system to achieve a higher level of security for
the bank’s ATM and cash,” said Gary Miao, president of NCR Greater China
for Financial Services. “The benefits brought by Dynamic eLock
Management solution are able to meet the compliance needs for mitigating
the risks of centralized management, and we believe that it will
gradually replace the traditional manual ATM lock and password
management mode.”
In the past, CMB used to deploy mechanical password locks where each
lock was required to pair up with a mechanical key and password. The
manual dissemination and management of the keys and passwords has
generated high operational costs during cash replenishment and carrying
out service maintenance at the ATMs. In addition, risks and costs were
involved at the time of password change and key storage.
NCR Dynamic eLock Management Solution effectively eliminates the three
core security issues of centralized ATM management which include risk
defense, work efficiency and inspection. Electronic smart keys embedded
with IC cannot be read without authorization, which can eliminate the
risk of key replication. In addition, it is no longer necessary to
change safe box lock password regularly, which will relieve a
significant amount of work for bank staff. In the event of staff shift
change, the bank only needs to change the setting on the system without
having to go onsite and reset the password of a particular ATM
maintained by that staff. The solution will also generate a
comprehensive journal and analysis report, offering bank management a
transparent view of the process, as well as an immediate understanding
of the entire system’s operation.
About China Merchants Bank
Established in 1987 with headquarters in Shenzhen, China Merchants Bank
("CMB") mainly focus on the China market. On 9 April, 2002, CMB was
listed at the Shanghai Stock Exchange (A Share Stock Code: 600036). On
22 September, 2006, CMB was listed at the Hong Kong Stock Exchange (H
Share Stock Code: 3968) government.
As of 31 December, 2013, CMB has 99 branches and 934 sub-branches in
more than 110 cities, 2 branch-level specialized agencies (the Credit
Card Center and the Small Enterprise Credit Center), 1 rep-office, 2,174
self-service banks and 1 wholly-owned subsidiary (CMB Financial Leasing
Co., Ltd) in mainland China. For overseas market, CMB has 2 wholly-owned
subsidiaries — Wing Lung Bank Ltd. and CMB International Capital
Corporation Limited and 1 branch (Hong Kong Branch) in Hong Kong, a
branch and a rep-office in New York, and two rep-offices in Taipei and
London.
For many consecutive years, CMB has been ranked among China’s top
commercial banks according to comprehensive assessment by CBRC. The bank
has won a number of titles, including the Best Commercial Bank of China,
the Best Retail Bank in China, the Best Private Bank in China, China’s
Best Custody Specialist from the British Financial Times, Euromoney and
The Asset. The Bank was shortlisted as a World-Class Chinese Brand and
ranked No. 1 in the P/B list of the world’s top 50 banks with the
largest market value by the British Financial Times. It was also listed
No. 60 among the world's Top 1,000 Banks by The Banker.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 485 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia with approximately 29,000
employees and does business in 180 countries. NCR is a trademark of NCR
Corporation in the United States and other countries.
Web site: www.ncr.com
Twitter:
@NCRCorporation
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www.facebook.com/ncrcorp
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www.linkedin.com/company/ncr-corporation
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www.youtube.com/user/ncrcorporation
Copyright Business Wire 2014