NCR CORPORATION Stock Price, News & Analysis

NCR Corporation (NYSE: NCR) is collaborating with the U.S. Small Business Administration (SBA) to assist its customers in accessing Restaurant Revitalization Fund (RRF) grants. This initiative aims to support the restaurant sector, significantly affected by the COVID-19 pandemic, as part of the American Rescue Plan's $28.6 billion allocation for small businesses. NCR will provide validated sales data for its customers, simplifying the application process for these grants. NCR's commitment is to help restore jobs and sustain the restaurant industry during these challenging times.

NCR Corporation (NYSE: NCR) announced that 121 Financial Credit Union in Jacksonville, Fla., has chosen NCR Digital Banking to enhance the connection between its physical and digital services. This collaboration aims to improve member experience by offering financial wellness tools and a single platform for both consumer and business banking. NCR's COO highlighted the importance of understanding member needs for tailored financial services, while NCR's president emphasized the goal of increasing member loyalty and retention through better digital experiences.

NCR Corporation (NYSE: NCR) is set to release its first quarter 2021 financial results on April 27, 2021, after market close. The company will hold a conference call at 4:30 p.m. Eastern Time, with access recommended 15 minutes prior for a smooth connection. Interested participants can dial in using toll-free and local numbers provided. The live event will be available on NCR's investor website, along with archived materials post-call. NCR is a leading enterprise provider in the financial, retail, and hospitality sectors, employing 36,000 staff globally.

Roots Pizza, a Chicago pizzeria under the Fifty/50 Restaurant Group, has partnered with NCR Corporation to enhance its digital dining options. Utilizing NCR Aloha and the NCR Engage app, the restaurant streamlines mobile orders, payments, and loyalty programs, essential for its operations during the pandemic. This technology enabled Roots Pizza to pivot to take-out and delivery services rapidly, helping maintain business continuity and customer service amidst COVID-19 challenges. As they prepare to reopen for dining, they plan to further integrate the app for a safer and more efficient customer experience.

NCR Corporation (NYSE: NCR) is partnering with JINYA Ramen Bar to enhance digital ordering and contactless payment services across its 37 North American locations. Utilizing NCR Aloha Essentials, JINYA aims to improve customer experience, reduce wait times, and lower operational costs. Currently, half of the restaurants have transitioned to this platform, with positive feedback from franchisees. Since the onset of the pandemic, NCR has processed over 354 million digital orders, highlighting the growing trend in restaurant technology. NCR's comprehensive solutions support efficient operations in the hospitality industry.

NCR Corporation has increased the principal amount of its 5.125% senior notes due 2029 from $1.1 billion to $1.2 billion, with the additional $100 million issued at 100.25% of the principal. The notes, set for issuance on April 6, 2021, are guaranteed by NCR's subsidiary and will finance the upcoming Cardtronics Acquisition, along with repaying Cardtronics' debt. If acquisition conditions are unmet by November 1, 2021, $600 million will be subject to mandatory redemption. The notes are offered under U.S. securities regulations.

NCR Corporation (NYSE: NCR) has priced an offering of $1.1 billion in 5.125% senior notes due 2029, increasing from a previously announced $1 billion. This offering is part of the financing for its acquisition of Cardtronics plc. The notes will be general unsecured obligations and guaranteed by NCR's subsidiary, NCR International, Inc. Proceeds will repay Cardtronics' debt and cover acquisition fees. The offering is set to close on April 6, 2021, with certain conditions regarding the acquisition's completion. A portion of the notes is subject to mandatory redemption if conditions are unmet.

NCR Corporation (NYSE: NCR) announced its intention to offer $1.0 billion in senior notes due 2029 and 2031 to finance its acquisition of Cardtronics. The offering is subject to market conditions and will not be contingent on the completion of the acquisition. Proceeds will pay for the Cardtronics acquisition, repay its debts, and cover related expenses. If certain escrow conditions are unmet by November 1, 2021, the 2029 Notes will require mandatory redemption. The notes will be offered under specific regulations without registration under the Securities Act.

NCR Corporation (NYSE: NCR) partners with OnPath Federal Credit Union to enhance digital banking experiences. By implementing the NCR DI platform, OnPath FCU aims to boost member engagement and operational efficiency by providing a seamless digital experience for both consumer and business banking. The collaboration is expected to drive member growth and retention through tailored marketing efforts. OnPath FCU serves over 64,000 members and manages more than $300M in assets, highlighting its significant market presence.