Fiserv Integrates NCR Atleos' ATMs

Fiserv Integrates NCR Atleos’ ATMs

Time Stamp: February 14, 2024 3:15 PM
Source Node: 2482091

Fiserv has teamed up with NCR Atleos Corporation to
enable consumers to pay utility, phone, cable, and other bills in cash at
thousands of ATMs located in US retailers, grocery stores, convenience stores,
and pharmacies.

According to the press release, the global payments
and financial technology solutions provider will extend its CheckFreePay
network to include Atleos’ network of ATMs. The duo aims to cater to consumers
who prefer cash transactions for convenience and accessibility.

Initially available at thousands of Atleos’ ATMs
already accepting cash, the bill payment service is expected to grow as more ATMs are deployed across the United States. This expansion broadens consumers’ access to bill payment facilities and enhances operational
efficiency for merchants.

Brian Seemann, the Senior Vice President of Biller
Solutions at Fiserv, mentioned: “Many consumers prefer to pay bills in
person in cash, and CheckFreePay helps them streamline financial tasks with
multiple ways to pay in places they visit every day.”

“Adding
a self-service bill payment option at thousands of Atleos’ ATM locations will
expand consumer access to these capabilities while enhancing efficiency and
increasing foot traffic for merchants.”

By shifting cash payments from traditional in-store
counter transactions to self-service ATMs, merchants can automate transactions,
optimize store operations, and capitalize on increased users, Fiserv mentioned.

Fiserv’s Strong Financial Performance Fuels Expansion

Last year, Fiserv reported impressive financial results for the third quarter of 2023, highlighting a significant increase in
revenue and earnings per share (EPS).

The company’s revenue surged 8% year-over-year to
$4.87 billion, with notable growth in its Acceptance segment, which increased 12%. Additionally, Fiserv’s fintech and payments segments grew 4% and 5%,
respectively.

The company’s GAAP EPS experienced a remarkable
surge to $1.56 in Q3 2023 and $3.54 in the first nine months of 2023, marking
increases of 108% and 32%, respectively, compared to the previous year.
Fiserv’s GAAP operating margin also showed substantial growth, reaching 30.8%
in Q3 and 25.2% in the first nine months of 2023.

Fiserv has teamed up with NCR Atleos Corporation to
enable consumers to pay utility, phone, cable, and other bills in cash at
thousands of ATMs located in US retailers, grocery stores, convenience stores,
and pharmacies.

According to the press release, the global payments
and financial technology solutions provider will extend its CheckFreePay
network to include Atleos’ network of ATMs. The duo aims to cater to consumers
who prefer cash transactions for convenience and accessibility.

Initially available at thousands of Atleos’ ATMs
already accepting cash, the bill payment service is expected to grow as more ATMs are deployed across the United States. This expansion broadens consumers’ access to bill payment facilities and enhances operational
efficiency for merchants.

Brian Seemann, the Senior Vice President of Biller
Solutions at Fiserv, mentioned: “Many consumers prefer to pay bills in
person in cash, and CheckFreePay helps them streamline financial tasks with
multiple ways to pay in places they visit every day.”

“Adding
a self-service bill payment option at thousands of Atleos’ ATM locations will
expand consumer access to these capabilities while enhancing efficiency and
increasing foot traffic for merchants.”

By shifting cash payments from traditional in-store
counter transactions to self-service ATMs, merchants can automate transactions,
optimize store operations, and capitalize on increased users, Fiserv mentioned.

Fiserv’s Strong Financial Performance Fuels Expansion

Last year, Fiserv reported impressive financial results for the third quarter of 2023, highlighting a significant increase in
revenue and earnings per share (EPS).

The company’s revenue surged 8% year-over-year to
$4.87 billion, with notable growth in its Acceptance segment, which increased 12%. Additionally, Fiserv’s fintech and payments segments grew 4% and 5%,
respectively.

The company’s GAAP EPS experienced a remarkable
surge to $1.56 in Q3 2023 and $3.54 in the first nine months of 2023, marking
increases of 108% and 32%, respectively, compared to the previous year.
Fiserv’s GAAP operating margin also showed substantial growth, reaching 30.8%
in Q3 and 25.2% in the first nine months of 2023.

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