NCR CORPORATION - NCR STOCK NEWS

NCR Corporation (NYSE: NCR) has been selected by TruMark Financial Credit Union, which has $2.7 billion in assets, to enhance their digital banking services. This partnership aims to deliver a seamless and consistent banking experience for both retail and business members, a key part of TruMark's digital transformation strategy. NCR Digital Banking will provide advanced financial wellness tools and an intuitive banking experience, reflecting TruMark's commitment to member service. The decision involved member focus groups, highlighting NCR's positive feedback in functionality and user experience.

NCR Corporation (NYSE: NCR) has announced the acquisition of Foremost Business Systems, a point-of-sale and restaurant solutions provider based in Minneapolis. This acquisition aims to enhance NCR's restaurant technology offerings, which serve over 100,000 restaurants globally. NCR plans to maintain Foremost's existing management and staff to ensure continuity for customers. The integration is expected to improve service delivery in local markets like Minneapolis, enabling access to NCR’s global resources.

NCR Corporation (NYSE: NCR) has promoted Owen Sullivan to President, alongside his role as Chief Operating Officer. This decision comes in light of Sullivan's three-year tenure, marked by significant improvements in customer satisfaction and the successful implementation of NCR's business strategies. CEO Mike Hayford praised Sullivan's leadership as vital for NCR's growth, emphasizing a shift towards a software and services-led business model. Sullivan's extensive background includes leadership roles at Manpower Group, Metavante, and IBM, positioning him well to drive NCR's future.

NCR Corporation (NYSE: NCR) has partnered with Christian Financial Credit Union in Sterling Heights, Michigan, to enhance its digital banking experience. This collaboration aims to implement a modernized, comprehensive digital banking platform that offers members advanced tools including card controls, alerts, and credit monitoring. NCR’s platform will streamline engagement through its integrated marketing solutions, enabling improved operational efficiencies. The credit union’s investment in NCR’s services positions it to compete in a rapidly evolving financial landscape, reinforcing its commitment to exceptional member service.

NCR Corporation (NYSE: NCR) has announced a donation of $200,000 to Elevate Together™, a nonprofit initiative aimed at fostering growth in Black and Hispanic communities. The funds will support minority-owned businesses in the Atlanta area, with the NCR Foundation being a founding partner of the initiative. NCR's Aloha POS platform facilitates donations through customer transactions, raising over $5 million for various charities since 2009. NCR is a comprehensive technology provider for the restaurant sector, supporting over 100,000 establishments globally.

NCR Corporation (NYSE: NCR) has received final approval from the UK's Competition and Markets Authority (CMA) to merge with Cardtronics without any conditions. With all regulatory approvals secured, the merger allows NCR and Cardtronics to operate as a single entity, commencing immediate integration. This combination enhances NCR's as-a-Service strategy, positioning NCR in a stronger market position.

NCR Corporation (NYSE: NCR) announced that President and CEO Michael D. Hayford will participate in a fireside chat at the Oppenheimer Technology, Internet & Communications Virtual Conference on August 10 at 8:15 a.m. Eastern Time. A live webcast and replay will be available for 90 days in the Investor Relations section of NCR's website. NCR is recognized as a prominent enterprise technology provider in the financial, retail, and hospitality sectors, with a global workforce of 36,000 employees.

NCR Corporation reported Q2 2021 financial results, showing revenue of $1.68 billion, an increase of 13% year-over-year. The company achieved significant profit margin expansion and cash flow generation, with free cash flow of $142 million. GAAP diluted EPS was $(0.10), while non-GAAP diluted EPS reached $0.62. The company completed its acquisition of Cardtronics and announced plans to acquire LibertyX, enhancing its as-a-Service offerings. Despite positive revenue growth, a net loss of $9 million was reported for the quarter, attributed to transaction costs and higher tax expenses.

NCR Corporation (NYSE: NCR) has announced a definitive agreement to acquire LibertyX, a prominent cryptocurrency software provider, to enhance its digital currency solutions. This acquisition addresses growing consumer demand for comprehensive digital currency services, enabling customers to buy, sell, and accept cryptocurrencies. LibertyX's technology will be integrated into NCR’s offerings for banks and retailers, expanding their digital wallet capabilities. Financial details remain undisclosed, with the transaction expected to close later this year, pending regulatory approvals.