NCR Corp. has raised $53,800 to help earthquake victims in China, Lorraine Russell, an NCR spokesperson, tells ATM&Debit News, a CardLine sister publication. NCR employees in China raised $23,800, and company employees in Japan raised another $5,000. The NCR Foundation, which is based in Dayton, Ohio, more than matched the employees' donations. NCR, the world's largest ATM manufacturer based on 2007 shipments, operates an ATM-manufacturing plant in Beijing. The earthquake, which struck May 12, killed 69,000 individuals, according to news reports. Nearly 19,000 are missing. NCR also is working with several banks, including Agricultural Bank of China in Sichuan Province, where the earthquake occurred. The disaster destroyed 65 of Agricultural Bank of China's ATMs. NCR employees are discussing with Agricultural Bank employees deployment of mobile ATMs and cash-recycling systems to replace the destroyed machines, Russell says. "China is a cash society, and by keeping cash circulation it helps restore normalcy," she says.
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The regional bank faced months of pressure to end its relationship with CoreCivic and The Geo Group, two of the country's largest private prison operators. On Friday, it said it would "exit the credit facilities" it has in place for those companies, attributing the decision to business factors, not pressure from activists.
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