U.S.-based NCR Corporation is expanding its Aptra OptiCash software to the Industrial and Commercial Bank of China Zhongshan Branch's network of 600 ATMs.
The project's initial phase, delivered in a cloud-based software environment, reportedly demonstrated a reduction in operation costs and cash inventory, as well as maintaining high ATM availability across the bank's 200 off-site ATMs.
ICBC Zhongshan commenced the pilot for NCR Aptra OptiCash service platform in January 2015 and has achieved more than 20% cost savings on cash management services from January to April 2015 as compared to the same period last year.
According to the ATM Industry Association, cash management accounts for nearly 30% of an ATM's annual expenses.
Financial terms of NCR's deal with the Chinese bank were not announced.