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NCR Atleos, First Citizens lock arms

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NCR Atleos, First Citizens lock arms

The bank aims to expand its reach to more customers by offering services via the NCR Atleos ATMs in Target stores.

For NCR Atleos, which became a standalone company three years ago, the partnership with First Citizens allows it to add new service providers to its roster.

The company separated from its parent in late 2023, creating two publicly traded companies: NCR Voyix and NCR Atleos. While NCR Atleos offers ATMs and other interactive teller machines for payments and banking services, NCR Voyix offers point-of-sale hardware and related services to restaurant, retail and other merchants.

As NCR Atleos has grown its corporate clientele, including by working with American Express and PayNearMe in recent years, its self-service banking segment has bolstered revenue. The company reported third-quarter earnings results Wednesday that showed its self-service banking segment rose 3% to $2.17 billion for the first nine months of the year, faster than its overall business revenue growth, which increased 2% to $3.23 billion for the period, according to the earnings press release.

“Our service-led growth initiatives and investment in product innovation are encouraging financial institutions and retailers to choose our differentiated and comprehensive offering to meet their evolving self-service needs,” Oliver said in August when the company reported second-quarter earnings.

NCR’s partnership with First Citizens comes as the ATM provider prepares to be acquired. 6 billion. 6 billion in NCR Atleos debt, a press release on the transaction said.



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