NCR Corporation today announced it has signed a contract worth $36 million with the Bank of China, the majority of the bank's financial self-service expenditure for 2003.

NCR will provide the bank with Personas automated teller machines (ATMs) with enhanced security features to include the encrypting pin pad (EPP) module. NCR will also provide maintenance services to ensure ATM availability. The Chinese economy continues to grow rapidly as banks face an increasingly competitive environment. With this in mind, Bank of China has recognized the need to further strengthen its ATM network with high quality products and services.

The Personas ATMs provided to Bank of China are all produced in NCR's joint-venture manufacturing facility in Beijing. A portion of the ATMs have specially designed cash-deposit functions. Such cash-deposit terminals are becoming more popular in China.