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Envision Credit Union Enhances Self-Service Banking Through Expanded NCR Atleos Relationship

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NCR Atleos (NYSE: NATL) announced an expanded partnership with Envision Credit Union to enhance self-service banking operations. The Florida-based credit union has selected Atleos' ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) solutions to modernize its aging ATM fleet and improve operational efficiency. The partnership will allow Envision CU to outsource ATM fleet management, including hardware, software, security, maintenance, and cash management to Atleos. The credit union also utilizes Atleos' ATM Management Platform for connected experiences and participates in the Allpoint Network for surcharge-free ATM access.

NCR Atleos (NYSE: NATL) ha annunciato una partnership ampliata con Envision Credit Union per migliorare le operazioni bancarie self-service. La credit union con sede in Florida ha scelto le soluzioni ATM as a Service (ATMaaS) e ITM as a Service (ITMaaS) di Atleos per modernizzare la sua flotta di sportelli automatici obsoleti e migliorare l'efficienza operativa. La partnership consentirà a Envision CU di esternalizzare la gestione della flotta di ATM, compresi hardware, software, sicurezza, manutenzione e gestione del denaro a Atleos. Inoltre, la credit union utilizza la Piattaforma di Gestione ATM di Atleos per esperienze connesse e partecipa alla Allpoint Network per l'accesso agli sportelli automatici senza commissione.

NCR Atleos (NYSE: NATL) anunció una asociación ampliada con Envision Credit Union para mejorar las operaciones bancarias de autoservicio. La cooperativa de crédito con sede en Florida ha seleccionado las soluciones de ATM como Servicio (ATMaaS) e ITM como Servicio (ITMaaS) de Atleos para modernizar su envejecida flota de cajeros automáticos y mejorar la eficiencia operativa. La asociación permitirá a Envision CU externalizar la gestión de la flota de ATM, incluyendo hardware, software, seguridad, mantenimiento y gestión de efectivo a Atleos. La cooperativa de crédito también utiliza la Plataforma de Gestión de ATM de Atleos para experiencias conectadas y participa en la Red Allpoint para acceso a cajeros automáticos sin recargo.

NCR Atleos (NYSE: NATL)는 Envision Credit Union과의 파트너십을 확장하여 셀프 서비스 뱅킹 운영을 향상시키기로 발표했습니다. 플로리다에 본사를 둔 이 신용 조합은 노후화된 ATM을 현대화하고 운영 효율성을 개선하기 위해 Atleos의 ATM as a Service (ATMaaS) 및 ITM as a Service (ITMaaS) 솔루션을 선택했습니다. 이 파트너십을 통해 Envision CU는 하드웨어, 소프트웨어, 보안, 유지보수 및 현금 관리 등 ATM 플릿 관리 업무를 Atleos에 아웃소싱할 수 있습니다. 또한 이 신용 조합은 Atleos의 ATM 관리 플랫폼을 활용하여 연결된 경험을 제공하고, 수수료 없는 ATM 접근을 위해 Allpoint 네트워크에 참여하고 있습니다.

NCR Atleos (NYSE: NATL) a annoncé un partenariat élargi avec Envision Credit Union pour améliorer les opérations bancaires en libre-service. La coopérative de crédit basée en Floride a choisi les solutions ATM as a Service (ATMaaS) et ITM as a Service (ITMaaS) d'Atleos pour moderniser sa flotte de distributeurs automatiques vieillissante et améliorer l'efficacité opérationnelle. Ce partenariat permettra à Envision CU d'externaliser la gestion de sa flotte d'ATM, y compris le matériel, les logiciels, la sécurité, la maintenance et la gestion des liquidités à Atleos. La coopérative utilise également la plateforme de gestion des ATM d'Atleos pour des expériences connectées et participe au réseau Allpoint pour un accès sans frais aux distributeurs automatiques.

NCR Atleos (NYSE: NATL) gab eine erweiterte Partnerschaft mit Envision Credit Union bekannt, um die Selbstbedienungsbankgeschäfte zu verbessern. Die in Florida ansässige Genossenschaft hat sich für die Lösungen ATM as a Service (ATMaaS) und ITM as a Service (ITMaaS) von Atleos entschieden, um ihre veraltete ATM-Flotte zu modernisieren und die Betriebseffizienz zu steigern. Die Partnerschaft ermöglicht es Envision CU, das Management der ATM-Flotte, einschließlich Hardware, Software, Sicherheit, Wartung und Bargeldmanagement, an Atleos auszulagern. Die Genossenschaft nutzt zudem die ATM-Management-Plattform von Atleos für verbundene Erlebnisse und nimmt am Allpoint-Netzwerk für gebührenfreien Zugang zu Automaten teil.

Positive
  • Expanded service agreement with Envision Credit Union
  • Addition of new ATMaaS and ITMaaS revenue streams
  • Extension of existing client relationship demonstrates service quality
Negative
  • None.

Insights

The expanded partnership between Atleos and Envision Credit Union represents a strategic shift in banking infrastructure modernization. The ATM/ITM as a Service model significantly reduces operational complexity while improving service reliability - important for a credit union serving hurricane-prone regions. The deal's value lies in three key components: operational efficiency through outsourced management, enhanced member services via the ATM Management Platform and expanded access through the Allpoint Network integration.

This partnership demonstrates Atleos' growing presence in the financial infrastructure sector, potentially leading to similar deals with other regional credit unions. The recurring revenue model from services and network participation should provide stable income streams. However, the deal's size relative to Atleos' $2.37B market cap suggests moderate rather than transformative financial impact.

ATLANTA--(BUSINESS WIRE)-- NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that Tallahassee, Fla.-based Envision Credit Union (“Envision CU”) has deepened its relationship with Atleos, selecting Atleos’ ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) solution to streamline operations within the self-service banking channel.

Envision CU has been serving communities across North Florida and South Georgia for 70 years. An aging ATM fleet and internal resource constraints prompted the credit union to reimagine how it approached self-service banking, looking for a way to enhance internal efficiencies and drive member satisfaction. Envision CU also wanted to utilize its ATMs for business continuity and exceptional customer service when its members need access to cash and essential financial services most, during the annual hurricane season. With the extended relationship, Envision CU will offload the burden of ATM fleet hardware, software, logical security, installation, maintenance, cash management and processing to the proven experts at Atleos, reducing complexities and improving the member experience.

“At Envision CU, our goal is to help members improve their financial well-being and support them through every stage. A critical component of this is offering self-service banking options that are reliable, secure and robust,” said Kendall King, Deposit Services Manager at Envision CU. “Not only will we meet and exceed these expectations by expanding our relationship with Atleos, but we will also be able to streamline processes, enhance compliance and benefit from a more predictable cost structure.”

Envision CU utilizes Atleos’ ATM Management Platform (AMP) Interactive Services to deliver a connected experience across ATMs/ITMs and other consumer touchpoints. Additionally, Envision CU participates in Atleos’ Allpoint Network, providing members with more surcharge-free ATM options.

“With our expanded collaboration, Envision CU is making the necessary investments to ensure that their self-service banking channel remains innovative, intuitive and impactful,” explained Steven Nogalo, general manager of North America for Atleos. “At the same time, they are simplifying internal operations and driving efficiencies. We look forward to continuing our work with Envision CU, modernizing their fleet and expanding self-service financial access.”

About Atleos

Atleos (NYSE: NATL) is a leader in expanding self-service financial access, with industry-leading ATM expertise and experience, unrivalled operational scale including the largest independently-owned ATM network, always-on global services and constant innovation. Atleos improves operational efficiency for financial institutions, drives footfall for retailers and enables digital-first financial self-service experiences for consumers. Atleos is headquartered in Atlanta, Georgia, with approximately 20,000 employees globally.

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Scott Sykes

NCR Atleos

scott.sykes@ncratleos.com

Source: NCR Atleos Corporation

FAQ

What services will NCR Atleos (NATL) provide to Envision Credit Union in 2024?

NCR Atleos will provide ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS), managing hardware, software, security, installation, maintenance, cash management and processing for Envision Credit Union's ATM fleet.

Why did Envision Credit Union choose NCR Atleos (NATL) for ATM services?

Envision Credit Union chose NCR Atleos due to aging ATM fleet concerns, internal resource constraints, and the need for enhanced internal efficiencies, business continuity during hurricane season, and improved member satisfaction.

What additional services does Envision Credit Union use from NCR Atleos (NATL)?

Envision Credit Union uses Atleos' ATM Management Platform (AMP) Interactive Services and participates in the Allpoint Network for surcharge-free ATM options.

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