NCR Corp. has signed an agreement to provide hosted online banking services to small-business customers of the $7 billion-asset Hancock Bank in Gulf Port, Miss.
The services from the Duluth, Ga., company, which is best known as a maker of automated teller machines, will include cash management, business bill payment, automated clearing house payment, access management and account monitoring.
NCR will host the customized service on its servers, which lowers the bank's up-front capital expenditures and provides Hancock with the ability to move quickly to add new services, an NCR representative said last week.
The agreement also lets Hancock reach small-business customers in rural areas where it would not be financially viable to build a branch, the representative said. Hancock serves customers in Mississippi, Florida, Alabama and Louisiana.
The agreement is an example of NCR leveraging its relationships with bank customers, said Gil Luria, an analyst with Wedbush Morgan Securities in Los Angeles.
"NCR is looking to sell more products, especially ones that help banks converge their different channels," Luria said.