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NCR Atleos Corporation (NYSE: NATL) is a financial technology company specializing in self-directed banking solutions. The company provides innovative products and services that enable financial institutions, fintechs, and retailers to enhance customer experiences, reduce costs, and generate new revenue streams. NATL's offerings include ATM hardware and software, managed services, and advanced network solutions tailored to modern banking and enterprise needs.
- Self-Service Banking - Offers ATM hardware, software, installation, maintenance, and managed services, including the end-to-end ATM-as-a-Service (ATMaaS) solution that manages ATM channels for financial institutions.
- Network - Provides access to a proprietary ATM network, ATM branding solutions, Bitcoin transaction services via LibertyX, and digital-to-cash conversion solutions through ReadyCode.
- Telecommunications & Technology (T&T) - Delivers managed network and infrastructure services, including Software-Defined Wide Area Networking, Optical Networking, and other advanced technologies for enterprise clients.
- Other Operations - Includes minor business activities such as commerce-related operations in exited markets and revenues from commercial agreements with Voyix.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Andrea Burson Executive | Executive Vice President and Chief Human Resources Officer | None | CHRO since January 2025, previously acting CHRO and VP of Global Talent Acquisition at NCR, with certifications in PHR and SHRM-CP. | |
Andrew R. DuVall Executive | Chief Accounting Officer | None | CAO since October 2023, previously VP and Assistant Controller at NCR, with CPA certification. | |
Andrew Wamser Executive | Executive Vice President and Chief Financial Officer | None | CFO since January 2025, previously CFO at BlueLinx Holdings and Mativ Holdings, with extensive experience in financial planning, tax, treasury, and investor relations. | |
Ricardo J. Nuñez Executive | EVP, General Counsel, Chief Compliance Officer, and Secretary | None | General Counsel since October 2023, with extensive legal and compliance experience at Mativ Holdings and HD Supply. | |
Stuart Mackinnon Executive | Executive Vice President and Chief Operating Officer | None | COO since October 2023, previously EVP of Network Global Technology at NCR, with expertise in ATM technology and operations. | |
Timothy C. Oliver Executive | President and Chief Executive Officer | None | CEO since October 2023, with expertise in corporate finance, M&A, and portfolio transformation across manufacturing, technology, and software sectors. | |
Frank A. Natoli Board | Director | None | Director since October 2023, with extensive experience in financial services and bank technology processing. | |
Jeffry H. von Gillern Board | Director | Board Director and Treasurer of Children's Hospital of Minnesota | Director since October 2023, retired Vice Chairman of Technology and Operations Services at U.S. Bancorp, with expertise in technology and operations. | |
Joseph E. Reece Board | Director and Chair of the Board | Chairman of Compass Minerals; Board Member at Quotient Technology; Managing Partner at SilverBox Capital LLC | Chair since October 2023, with extensive experience in investment banking and corporate governance. | |
Mark W. Begor Board | Director | CEO and Board Member at Equifax; Trustee at Dartmouth-Hitchcock Medical Center and U.S. Ski and Snowboard Foundation | Director since February 2020, with leadership experience at Equifax and General Electric. | |
Mary Ellen Baker Board | Director | Board Member at TimkenSteel Corporation | Director since October 2023, former EVP at Citizens Financial Group, with expertise in technology and innovation in financial services. | |
Michelle McKinney Frymire Board | Director | Board Member at Cedar Fair, L.P.; Board Member at Sonder Holdings Inc. | Director since October 2023, former CEO of CWT, with expertise in global strategy and corporate transformation. | |
Odilon Almeida, Jr. Board | Director | Operating Partner at Advent International | Director since October 2023, former CEO of ACI Worldwide, with expertise in fintech and global growth strategies. |
- The ARPU in your bank outsourcing backlog has decreased from over $13,000 to approximately $10,000; can you elaborate on the factors contributing to this decline and how it might affect your average ARPU growth expectations moving forward?
- You've indicated that the adoption of ATM-as-a-Service is lagging behind initial projections; what specific obstacles are hindering adoption, and what strategies are you implementing to accelerate growth in this area?
- With the closure of low-performing pharmacy stores impacting the number of managed units in your Network segment, how do you plan to mitigate the potential long-term effects on transaction volumes and revenue?
- Considering the FX headwinds and the decline of Voyix-related business affecting your reported results, what measures are you taking to offset these challenges and maintain your revenue and EBITDA growth targets for 2025?
- Given your current leverage target of 3x net debt and the underestimated stock valuation, have you reassessed your capital allocation strategy to potentially prioritize share repurchases over further debt reduction?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
This company is one of the large financial services companies, equipment manufacturers, and service providers that offer some of the services provided by the company, competing directly in the area of global ATM software, services, and hardware. | |
This company is a competitor in the technology industry, offering services that compete directly with the company's offerings in global ATM software, services, and hardware. | |
This company is part of the competitive landscape in the technology industry, providing services that compete with the company's offerings. | |
This company is a competitor in the technology industry, offering services that compete directly with the company's offerings. | |
This company is one of the large companies in the information technology industry that competes with the company. | |
This company is a competitor in the global ATM software, services, and hardware market. | |
Hyosung TNS Inc. | This company is a competitor in the global ATM software, services, and hardware market. |
This company is a competitor in the technology industry, offering services that compete directly with the company's offerings. | |
This company is part of the competition in the global ATM software, services, and hardware market. | |
Cord Financial | This company is part of the competition in the global ATM software, services, and hardware market. |
This company is part of the competition in the global ATM software, services, and hardware market. | |
This company is listed as a competing organization in the business of the company and/or its affiliates. | |
ATM USA | This company is listed as a competing organization in the business of the company and/or its affiliates. |
Auriga | This company is listed as a competing organization in the business of the company and/or its affiliates. |
Cennox (includes Bancsource) | This company is listed as a competing organization in the business of the company and/or its affiliates. |
Dimension Data/NTT | This company is listed as a competing organization in the business of the company and/or its affiliates. |
G4S | This company is listed as a competing organization in the business of the company and/or its affiliates. |
GRG | This company is listed as a competing organization in the business of the company and/or its affiliates. |
This company is listed as a competing organization in the business of the company and/or its affiliates. | |
This company is listed as a competing organization in the business of the company and/or its affiliates. | |
This company is listed as a competing organization in the business of the company and/or its affiliates. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
AMS Banking Business | 2023 | Completed acquisition on July 1, 2023 where NCR Atleos Corporation acquired AMS Banking Business from Altron TMT Proprietary Limited for approximately $1 million in cash; the deal involved a preliminary allocation of the purchase price to tangible assets and liabilities, with further adjustments expected during the measurement period. |
No recent press releases or 8-K filings found for NATL.