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The recent consolidation of bank ATMnetworks should not have a negative effect
on NCR Corp., Brian Bailey, the company'svice president of financial industry marketing, told ATM&Debit News Wednesday. JPMorgan Chase & Co.'s purchase of
Seattle-based Washington Mutual Inc. may boost deployment of intelligent-deposit, or
envelope-free, ATMs, Bailey says.
New York-based Chase, a large NCR customer, is a leader in deployment of envelope-
free ATMs, but WaMu does not have asingle envelope-free ATM, he says. Wells
Fargo & Co., which is merging with Charlotte, N.C.-based Wachovia Inc., has
been testing NCR's envelope-free ATMs for the last three months, Bailey says.
San Francisco-based Wells Fargo works closely with rival Wincor Nixdorf AG, but
Bailey expects the bank to follow a multivendor strategy, normal in the industry, and
buy ATMs from a number of companies.
