7-Eleven Inc. to Expand Vcom to 1,000 Stores
DALLAS and DAYTON, Ohio - The convenience of automated financial and e-commerce services at 7-Eleven stores is growing as a result of a three-year, multi-million-dollar agreement announced today by 7-Eleven Inc. and financial self-service solutions provider NCR Corporation of Dayton, Ohio.
7-Eleven will begin adding its Web-enabled Vcom kiosks to 1,000 stores later this year, launching a new business the company refers to as "a virtual store within a store." The kiosks will be built, installed and maintained by NCR.
Vcom is 7-Eleven stores' kiosk that offers 24-hour, touch-screen convenience coupled with automated teller machine (ATM) capabilities to provide customers with financial and other services. Vcom complements and expands 7-Eleven's existing financial services business. Customers already conduct some 100 million ATM transactions and purchase $4.5 billion in face value of money orders annually at 7-Eleven's U. S. stores.
"Vcom makes existing services more convenient at 7-Eleven and presents an important, new growth opportunity for the company. We developed the innovative concept, brought together industry-leading partners and proved through comprehensive testing that people want 24-hour access to these kinds of automated services. We look forward to offering Vcom at an initial 1,000 7-Eleven stores," said Jim Keyes, president and CEO of 7-Eleven.
The agreement calls for 7-Eleven to use NCR's Convenience Connexions solution and includes the purchase of 1,000 NCR Personas 78s, software and a complete set of services and support to expand Vcom, which has been tested in 98 7-Eleven stores in Texas and Florida. NCR's APTRA open architecture software platform will permit a robust set of automated services in the three- foot-wide, self-service terminal.
7-Eleven will begin adding its Web-enabled Vcom kiosks to 1,000 stores later this year, launching a new business the company refers to as "a virtual store within a store." The kiosks will be built, installed and maintained by NCR.
Vcom is 7-Eleven stores' kiosk that offers 24-hour, touch-screen convenience coupled with automated teller machine (ATM) capabilities to provide customers with financial and other services. Vcom complements and expands 7-Eleven's existing financial services business. Customers already conduct some 100 million ATM transactions and purchase $4.5 billion in face value of money orders annually at 7-Eleven's U. S. stores.
"Vcom makes existing services more convenient at 7-Eleven and presents an important, new growth opportunity for the company. We developed the innovative concept, brought together industry-leading partners and proved through comprehensive testing that people want 24-hour access to these kinds of automated services. We look forward to offering Vcom at an initial 1,000 7-Eleven stores," said Jim Keyes, president and CEO of 7-Eleven.
The agreement calls for 7-Eleven to use NCR's Convenience Connexions solution and includes the purchase of 1,000 NCR Personas 78s, software and a complete set of services and support to expand Vcom, which has been tested in 98 7-Eleven stores in Texas and Florida. NCR's APTRA open architecture software platform will permit a robust set of automated services in the three- foot-wide, self-service terminal.
