NCR

NCR Announces Boards of Directors for NCR Atleos and NCR Voyix following Separation

Retrieved on: 
Wednesday, October 11, 2023
Security, Retail, Other Professional Services, Other Technology, Software, Networks, Finance, Online Retail, Banking, Electronic Commerce, Data Management, Professional Services, Technology, Fintech, Personal Finance, Payments, Other Retail, Specialty, NCR Corporation, NYSE, Acquisition, U.S. Bancorp, NCR, Black Knight, Equifax, Cryptocurrency, Management, Shawn Atleo

NCR Corporation (NYSE: NCR), a leading enterprise technology provider, today announced the members of the boards of directors for NCR Atleos (“Atleos”) and NCR Voyix (“Voyix”) following the planned separation.

Key Points: 
  • NCR Corporation (NYSE: NCR), a leading enterprise technology provider, today announced the members of the boards of directors for NCR Atleos (“Atleos”) and NCR Voyix (“Voyix”) following the planned separation.
  • Assuming completion of the separation, effective October 17, 2023, the new corporations will initiate trading under stock symbols, (NYSE: NATL) for Atleos and (NYSE: VYX) for Voyix.
  • The board of directors for Atleos will be comprised of executives across the banking and financial industries.
  • “Following my work with NCR Corporation, I am honored to be selected as board chairman for Atleos,” said Reece.

Michael D. Hayford Retiring as NCR Chief Executive Officer

Retrieved on: 
Wednesday, October 11, 2023
Security, Retail, Other Professional Services, Other Technology, Software, Networks, Finance, Online Retail, Banking, Electronic Commerce, Data Management, Professional Services, Technology, Mobile, Wireless, Personal Finance, Payments, Other Retail, Specialty, NCR, NCR Corporation, NYSE, ATM, Hayford, Management

NCR Corporation (NYSE: NCR), a leading enterprise technology provider, announced that Michael D. Hayford is retiring as Chief Executive Officer upon the successful separation of NCR into NCR Atleos (“Atleos”), focused on ATMs, and NCR Voyix (“Voyix”), focused on digital commerce, anticipated to occur on October 16, 2023.

Key Points: 
  • NCR Corporation (NYSE: NCR), a leading enterprise technology provider, announced that Michael D. Hayford is retiring as Chief Executive Officer upon the successful separation of NCR into NCR Atleos (“Atleos”), focused on ATMs, and NCR Voyix (“Voyix”), focused on digital commerce, anticipated to occur on October 16, 2023.
  • Hayford joined NCR in 2018, and launched the company’s digital transformation, establishing a customer-first culture focused on innovation.
  • “Mike created a clear vision for the future of NCR, focused on digital banking, payment and process solutions, and self and assisted checkout systems,” said Joe Reece, NCR Board of Directors chairman.
  • I am grateful for what he has done for me both professionally and personally,” said David Wilkinson, who will serve as NCR Voyix CEO upon the separation.

Kiosk Industry October 2023: Kiosk Association to be at IAAPA and NRF News

Retrieved on: 
Monday, October 16, 2023
ADA, HIMSS, News, NRF, Costco, NRA, Burger King, Restaurant, POS, NCR, Fastlane, White Castle, Samsung, Macdonald, Walmart, SCO, IAAPA, Aramark, Nation's Restaurant News, Fast food

Industry Buzz Around Our Watercooler -- Couple of big deployments supposedly planned in restaurants. Charley's is in progress and it might be Burger King will follow McDonald's example and put in a thousand or so self-order kiosks. On the SCO front, it appears that Walmart is deploying its own SCO units (with lidar). That also would mean replacing the current software driving registers (Fastlane by NCR?). Our guess is the service people at NCR Bentonville are getting nervous. Costco is being sued for their website allowing all types of user info to be tracked by 3rd parties. Link below.

Key Points: 
  • WESTMINSTER, Colo., Oct. 16, 2023 /PRNewswire/ -- Kiosk Industry and Kiosk Manufacturer Association News: Trade Shows — IAAPA is next month and here is our preview .
  • In January we are at NRF and are a sponsor of the NRF Foodservice Innovation Zone.
  • Restaurant News -- Samsung with new VXT CMS for AI-powered voice order menu boards going into White Castle.
  • Costco is being sued for their website allowing all types of user info to be tracked by 3rd parties.

Fujitsu Frontech North America Inc. Unveils New Retail Technology Advancements at NACS Show 2023

Retrieved on: 
Monday, October 2, 2023
Mobile, Wireless, Technology, Payments, Fintech, Electronic Commerce, Professional Services, Software, Hardware, Supply Chain Management, Retail, R6, Senior, RFID, Acosta Sales & Marketing, NACS, NCR, Fujitsu, Nintendo of America, Inc. vs. Blockbuster LLC., Online shopping, R5

Fujitsu Frontech North America Inc. , a leader in innovative technology and retail hardware and software solutions, is proud to introduce transformative developments in the field of self-service technology at NACS Show 2023.

Key Points: 
  • Fujitsu Frontech North America Inc. , a leader in innovative technology and retail hardware and software solutions, is proud to introduce transformative developments in the field of self-service technology at NACS Show 2023.
  • Additionally, Fujitsu is thrilled to announce that its industry-leading U-SCAN software technology for self-checkout is running seamlessly on NCR R6 self-checkout hardware.
  • Fujitsu's RFID-enabled self-checkout system signifies a substantial step forward for integration of the technology in retail.
  • Our experts will give retailers a first-hand look at how these advancements are shaping the future retail landscape.

Stax Payments Bolsters Leadership Team with the Addition of Three Fintech Executives

Retrieved on: 
Thursday, September 28, 2023
Payments, Banking, Professional Services, Technology, Online Retail, Fintech, Retail, Security, Elavon, General counsel, Cayan, Risk management, Ade Ipaye, Woman, NCR, Paysafe, Risk, Growth, SVP, Payment, Barclays, Management, Stax, Worldpay

With decades of experience in the fintech space, the new executives give Stax incremental depth in key areas required to further its growth in the payments space.

Key Points: 
  • With decades of experience in the fintech space, the new executives give Stax incremental depth in key areas required to further its growth in the payments space.
  • “The payments landscape is constantly evolving, and we at Stax are focused on helping our customers offer the best payments experience through world-class technology,” said Paulette Rowe, CEO at Stax.
  • Waldhauer has more than two decades of experience in the payments industry, including leadership roles at Elavon, Barclays and Paysafe.
  • Roberts is an experienced legal advisor with a proven track record in the payments and fintech sectors, including leadership roles at NCR and Worldpay.

NCR Announces Transformational Partnership and Investment in Clip Money

Retrieved on: 
Wednesday, September 27, 2023
NCR Corporation, Partnership, EVP, API, NCR, Clip, Growth, NYSE, Bank

ATLANTA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- NCR Corporation (NYSE: NCR), a leading enterprise technology provider, today announced a strategic investment in Clip Money Inc. (TSXV: CLIP) (OTCQB: CLPMF) and has established a long-term, firmware exclusive, commercial collaboration that will combine Clip's pioneering business cash deposit solution with NCR’s cardless cash deposit API and cash in network.

Key Points: 
  • ATLANTA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- NCR Corporation (NYSE: NCR), a leading enterprise technology provider, today announced a strategic investment in Clip Money Inc. (TSXV: CLIP) (OTCQB: CLPMF) and has established a long-term, firmware exclusive, commercial collaboration that will combine Clip's pioneering business cash deposit solution with NCR’s cardless cash deposit API and cash in network.
  • This partnership accelerates Clip's market expansion while enriching the value proposition of NCR’s cash management solutions for issuers and merchants.
  • Clip Money is the only multi-bank cash deposit network in North America focused on businesses and driven by APIs, enabling any business to make cash deposits into their bank account of choice through Clip’s network without integration at the bank itself.
  • “Access to NCR’s ATM network and cardless cash management API will significantly expand merchant’s access to Clip Money cash deposits endpoints” said Stuart MacKinnon, EVP, ATM Group, NCR.

NCR Announces Transformational Partnership and Investment in Clip Money

Retrieved on: 
Wednesday, September 27, 2023
Banking, Software, Professional Services, Online Retail, Internet, Fintech, Payments, Technology, Digital Cash Management, Digital Assets, Security, Retail, Other Professional Services, Finance, NCR Corporation, Partnership, EVP, API, NCR, Clip, Growth, NYSE, Bank

NCR Corporation (NYSE: NCR), a leading enterprise technology provider, today announced a strategic investment in Clip Money Inc. (TSXV: CLIP) (OTCQB: CLPMF) and has established a long-term, firmware exclusive, commercial collaboration that will combine Clip's pioneering business cash deposit solution with NCR’s cardless cash deposit API and cash in network.

Key Points: 
  • NCR Corporation (NYSE: NCR), a leading enterprise technology provider, today announced a strategic investment in Clip Money Inc. (TSXV: CLIP) (OTCQB: CLPMF) and has established a long-term, firmware exclusive, commercial collaboration that will combine Clip's pioneering business cash deposit solution with NCR’s cardless cash deposit API and cash in network.
  • This partnership accelerates Clip's market expansion while enriching the value proposition of NCR’s cash management solutions for issuers and merchants.
  • Clip Money is the only multi-bank cash deposit network in North America focused on businesses and driven by APIs, enabling any business to make cash deposits into their bank account of choice through Clip’s network without integration at the bank itself.
  • “Access to NCR’s ATM network and cardless cash management API will significantly expand merchant’s access to Clip Money cash deposits endpoints,” said Stuart MacKinnon, EVP, ATM Group, NCR.

Clip Money Inc. Closes Strategic Investment led by Cardtronics, Inc. (a wholly owned subsidiary of NCR Corporation)

Retrieved on: 
Friday, September 22, 2023
Partnership, Security (finance), Debt, NCR Corporation, Note, TSX Venture Exchange, Legislation, CDN, Indian stock exchange, Chicago Telephone Company Kedzie Exchange, API, Disclosure, Fund for Protection of Investors' Rights in Foreign States, Equity (finance), Related, Equity, NCR, Convertible, Standstill, Acquisition, Finance Secretary (India), Clip, Issuer, Growth, NYSE, Bank, Cardtronics

Cardtronics, Inc. (“Cardtronics”), a wholly-owned subsidiary of NCR Corporation (NYSE:NCR), subscribed for the entire Equity Financing and US$5,100,000 of the Convertible Note Financing, for a combined US$10,000,000 investment in the Company.

Key Points: 
  • Cardtronics, Inc. (“Cardtronics”), a wholly-owned subsidiary of NCR Corporation (NYSE:NCR), subscribed for the entire Equity Financing and US$5,100,000 of the Convertible Note Financing, for a combined US$10,000,000 investment in the Company.
  • “This partnership with NCR seamlessly complements Clip Money's existing deposit network, which is primarily situated within shopping malls and prominent big box retailers.
  • No accrued interest shall be paid on any part of the Convertible Notes that is converted into Common Shares.
  • The Clip Money board of directors has determined that the Secondary Investor Transaction is in the best interests of the Company.

NCR Corporation and NCR Atleos, LLC Announce Upsize and Pricing of Senior Secured Notes Offering

Retrieved on: 
Friday, September 22, 2023
IOT (Internet of Things), Other Professional Services, Security, Data Management, Technology, Finance, Fintech, Banking, Business, Professional Services, Electronic Commerce, Other Technology, Payments, Software, Networks, Mobile, Wireless, Telecommunications, Borrowing base, Escrow, NCR Corporation, Senior, SEC Rule 144A, Corporate spin-off, Digital banking, NCR, Sale, Regulation, Date, Spin-off, Digital, Restaurant, Hand, NYSE, Payment, Bank, Security (finance), Note

NCR Corporation (NYSE: NCR) (“NCR”) and NCR Atleos, LLC (“NCR Atleos”) announced today that their wholly-owned subsidiary, NCR Atleos Escrow Corporation (the “Escrow Issuer”), priced an offering of $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029 (the “Notes”) at a price of 98.750% of the principal amount of the Notes.

Key Points: 
  • NCR Corporation (NYSE: NCR) (“NCR”) and NCR Atleos, LLC (“NCR Atleos”) announced today that their wholly-owned subsidiary, NCR Atleos Escrow Corporation (the “Escrow Issuer”), priced an offering of $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029 (the “Notes”) at a price of 98.750% of the principal amount of the Notes.
  • The aggregate principal amount of the Notes to be issued in the offering was increased to $1,350 million from the previously announced $1,050 million.
  • The maturity of the Notes was shortened to five and a half years from the previously announced seven year maturity.
  • Upon consummation of the Spin-Off, the Notes will be jointly and severally and unconditionally guaranteed on a senior secured basis by certain of NCR Atleos’s domestic subsidiaries (the “Guarantors”) that will also guarantee its new senior secured credit facilities.

NCR Corporation Announces Timing and Additional Details Regarding its Previously Announced Separation

Retrieved on: 
Saturday, September 23, 2023
Banking, Technology, Electronic Commerce, Professional Services, Digital Cash Management, Digital Assets, Payments, Other Retail, Security, Retail, Networks, Internet, Mobile, Wireless, Hardware, Data Management, Finance, Online Retail, Fintech, Telecommunications, Workforce, NCR Corporation, Culture, Partin Manufacturing Company (automobile company), NCR, Bangladesh Securities and Exchange Commission, Form 10-K, Information, Case Information Statement, CUSIP, NYSE, Payment, Security (finance), Cryptocurrency, Shawn Atleo

NCR Corporation (“Company,” NYSE: NCR) today announced that its Board of Directors has approved the timing and additional details regarding its previously announced separation of the Company’s ATM-focused businesses, including its Self-Service Banking, Payments & Network and Telecommunications and Technology businesses, through a distribution of all of the common stock of NCR Atleos Corporation (“Atleos”) held by the Company to Company common stockholders.

Key Points: 
  • NCR Corporation (“Company,” NYSE: NCR) today announced that its Board of Directors has approved the timing and additional details regarding its previously announced separation of the Company’s ATM-focused businesses, including its Self-Service Banking, Payments & Network and Telecommunications and Technology businesses, through a distribution of all of the common stock of NCR Atleos Corporation (“Atleos”) held by the Company to Company common stockholders.
  • Atleos is currently named NCR Atleos, LLC and will convert to a Maryland corporation and change its name to NCR Atleos Corporation prior to the distribution.
  • On the distribution date, Company common stockholders will receive one share of Atleos common stock for every two shares of Company common stock held as of the record date.
  • A Notice of Internet Availability regarding the Information Statement, which contains details regarding the distribution of Atleos common stock and Atleos’ business and management, and certain other materials, is expected to be mailed to the Company’s common stockholders prior to the distribution date.