Welcome to our dedicated page for NCR Atleos news (Ticker: NATL), a resource for investors and traders seeking the latest updates and insights on NCR Atleos stock.
NCR Atleos Corp (NATL) is a leader in self-service banking technology, providing integrated ATM, ITM, and network solutions for financial institutions worldwide. This page serves as the definitive source for verified company news, offering stakeholders timely updates on strategic developments.
Access official press releases, earnings reports, and announcements covering product innovations, partnerships, and operational milestones. Investors and industry professionals will find curated updates on self-service banking advancements, network security initiatives, and market expansion efforts.
Content includes quarterly financial results, technology deployment updates, and executive leadership announcements. Bookmark this page to stay informed on NATL’s role in shaping the future of automated banking solutions.
NCR Atleos (NYSE: NATL) has announced an expanded partnership with Chime, the #1 Most Loved Banking App. Chime will now brand ATMs at 4,000 Walgreens stores across the United States, leveraging Atleos' Allpoint Network. This expansion builds on their existing relationship, which has provided Chime members with access to over 50,000 fee-free ATMs since 2021.
The branding initiative, set to begin in August, aims to increase Chime's visibility and make it easier for cardholders to identify fee-free ATMs. This move enhances Chime's strategy of combining mobile-first banking with convenient cash access, allowing members to withdraw money at no cost while shopping at Walgreens.
NCR Atleos (NYSE: NATL) has announced its second quarter 2024 earnings conference call details. The financial results will be released after market close on Tuesday, August 13, 2024. The conference call is scheduled for Wednesday, August 14, 2024, at 8:30 a.m. Eastern Time.
Participants can access the call using the following details:
- Toll-free number: 800-753-0725
- Local number: +1 786-460-7170
- Passcode: 8004782
NCR Atleos (NYSE: NATL) announced that Black Hills Federal Credit Union (BHFCU) has expanded its partnership, selecting ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) to transform self-service banking. BHFCU, a $2.3 billion-asset credit union, aims to simplify operations and replace its aging ATM fleet. Atleos will manage hardware, software, security, installation, maintenance, cash management, and processing for BHFCU's self-service banking channel.
This partnership will allow BHFCU to boost efficiencies, reduce complexities, and deliver an improved member experience. The credit union will be able to widen access to financial services while streamlining business processes and focusing on strategic initiatives. Atleos' services will help BHFCU optimize availability, uptime, and strengthen its compliance and security posture, ultimately better serving its 110,000+ members.
NCR Atleos (NYSE: NATL), a leader in self-service financial solutions, has launched multi-bank deposit ATMs in the UK. These ATMs are connected to the LINK network, which integrates almost all UK ATMs, ensuring widespread cash access.
The first installations were in Co-op Food stores in Ormskirk, followed by Dover, Heathfield, and Swanage, with more locations planned. This initiative supports local economies and provides essential cash services, especially in regions with closed bank branches.
The service targets consumers needing cash deposits outside regular banking hours or in areas without physical bank branches, addressing a critical need for continued cash access.
NCR Atleos (NYSE: NATL) reported its Q1 2024 financial results, highlighting a strong start to the year with revenues of $1.05 billion, up 6% YoY, and recurring revenues reaching a record $763 million, a 7% increase.
Adjusted EBITDA grew by 11% to $162 million, and the company achieved an adjusted free cash flow of $69 million. Despite a GAAP net loss of $8 million and a diluted loss per share of $0.11, the non-GAAP diluted earnings per share stood at $0.41.
Self-service banking and network segments saw solid performance, with revenue increases of 4% and 3%, respectively. The company reaffirmed its full-year guidance, projecting revenues between $4.20-$4.40 billion and adjusted EBITDA of $770-$800 million.
The reaffirmation of the 2024 financial targets and the issuance of Q2 guidance underscore the company's optimistic outlook, driven by market-leading solutions in self-service banking and a vast ATM network.
NCR Atleos announced a partnership with Palmetto Citizens Federal Credit Union to expand access to their Allpoint Network. Palmetto Citizens will provide over 83,000 members with fee-free ATM transactions through a network of 55,000 ATMs. This partnership aims to offer more convenience and choice to members.
NCR Atleos (NYSE: NATL) announced that it will release its first quarter 2024 financial results after the market close on May 13, 2024. A conference call to discuss the results will be held on May 14 at 8:30 a.m. Eastern Time. Participants can access the call via dial-in number or online. Details for accessing the call are provided in the press release.
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