NCR Significantly Expands ATM Presence and Services at Walgreens’ U.S. Stores

Rhea-AI Summary

NCR Corporation (NYSE: NCR) has extended and expanded its long-term agreement with Walgreens, positioning itself as the provider of ATM services across nearly all Walgreens locations in the U.S., Puerto Rico, and the District of Columbia. The expanded partnership includes more than 1,300 Allpoint+ ATMs, allowing cash-in transactions. Additionally, NCR ATMs will enable consumers to purchase bitcoin through the LibertyX platform, enhancing service offerings. The NCR Pay360 mobile platform will also be integrated, offering a seamless cash transfer experience. This agreement aims to enhance financial service accessibility for Walgreens customers.

Positive

• Expanded long-term agreement with Walgreens enhances NCR's market presence.
• Over 1,300 Allpoint+ ATMs added, enabling cash-in transactions.
• NCR ATMs will support bitcoin purchases, increasing service offerings.
• Integration of NCR Pay360 enhances customer cash transfer experience.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- NCR Corporation (NYSE: NCR), a leading enterprise technology provider, has extended and expanded a long-term agreement with Walgreens, one of the largest pharmacy operators in the world, which will make NCR the provider of ATM services across nearly all Walgreens stores in the United States, Puerto Rico and the District of Columbia.

The expanded sites will join the many Walgreens locations already served by NCR’s Allpoint ATM network, which offers surcharge-free cash access to over 1,200 issuers, including two of the five largest U.S. banks by deposit, representing more than 70 million cardholders. Further, under this agreement, Walgreens will gain more than 1,300 Allpoint+ cash-accepting ATMs, enabling “cash-in” transactions alongside traditional “cash-out” transactions and bringing a traditional branch function into the retail environment.

At many of the ATMs, NCR has also added the ability for consumers to purchase bitcoin at the ATM through NCR’s LibertyX platform. Further, NCR Pay360, a mobile platform that allows consumers to send and receive cash from a variety of sources with a simple code, will be enabled across NCR’s Walgreens portfolio.

“When consumers walk into any Walgreens in the country, they will know they have access to safe, reliable everyday banking services delivered through NCR ATMs,” said Don Layden, EVP, president, NCR Banking. “Through Allpoint and other NCR innovations, Walgreens will be able to better serve its customers while enjoying greater foot traffic driven by the many differentiated services offered. We are proud to be supporting Walgreens’ vision of delivering more joyful lives through better financial health.”

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in transforming, connecting and running technology platforms for self-directed banking, stores and restaurants. NCR is headquartered in Atlanta, Georgia, with 38,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

View source version on businesswire.com: https://www.businesswire.com/news/home/20230221005027/en/

NCR Media Contact

Scott Sykes

NCR Corporation

scott.sykes@ncr.com

Source: NCR Corporation

FAQ

What is the significance of NCR's agreement with Walgreens?

NCR's expanded agreement with Walgreens establishes it as the primary ATM service provider across numerous locations, enhancing financial service accessibility.

How many ATMs will NCR provide to Walgreens?

NCR will provide over 1,300 Allpoint+ ATMs to Walgreens, facilitating cash-in transactions.

What new features will NCR ATMs offer at Walgreens?

NCR ATMs at Walgreens will allow customers to purchase bitcoin and utilize the NCR Pay360 platform for cash transfers.

When was NCR's agreement with Walgreens announced?

The agreement was announced in a press release dated February 21, 2023.

What does the expansion of NCR's ATM services mean for Walgreens customers?

The expansion means Walgreens customers will have increased access to banking services, including cash-in options and cryptocurrency purchases.