We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NCR Partners Sensibill to Develop Digital Banking Solution
Read MoreHide Full Article
NCR Corporation recently entered into a partnership with digital receipt and data provider, Sensibill, to develop a solution for bank customers to store, organize and manage their receipts.
The NCR Digital Banking solution runs on AI-driven data pulling and smart receipt capture technologies, which aid in improving financial management. Sensibill’s technology itemizes and categorizes receipt data. This gives insights to NCR's banks into customers' purchase behavior.
Moreover, customers will be able to instantly get purchase information from their bank’s mobile app. These receipts are then stored and can be retrieved or exported as required.
With the easy expense report management and tracking that comes with the solution, small firms can also maximize tax deductions and audit-proof their business.
How NCR’s POS Business Stands to Benefit
The partnership will be mutually beneficial for both the companies. Sensibill’s receipt technology will further enhance NCR’s point-of-sale (POS) business. On the other hand, access to NCR’s customers will help Sensibill grow as a preferred digital receipt and data provider for banks.
In the last reported quarter, NCR suffered a slight decline in the POS business due to lower orders year over year. However, the company is focusing on boosting this profit-rich business, and this is showing significant results.
Recently, NCR announced that a family-owned chain of supermarkets — Northgate González Markets — which serves communities in Southern California, has chosen NCR Emerald, the next generation POS enterprise software.
Further Efforts to Boost POS Business
Despite last quarter’s setbacks, demand for NCR’s POS solution in banking, retail and hospitality industries remains strong as it facilitates the automation of bill payment and accounting. Changing customer preference toward cashless transactions, along with rising demand for additional payment options is boosting demand for POS systems.
The company’s Digital Banking Solution is receiving positive feedback from customers on its new features. During the first quarter of 2019, it signed seven new digital banking customers.
In Digital First Restaurant, NCR recently launched its subscription model for Aloha POS solution, and received positive customer feedback.
Last month, NCR announced the buyout of Denver-based BEC— a provider of hospitality POS technology to expand its hospitality business.
NCR had strengthened its position in the POS market through the acquisition of Radiant Systems in August 2011. According to Acumen Research and Consulting, the global market size for POS terminals will reach $107.5 billion by 2026, witnessing a CAGR of 8% from 2018 to 2026. The cloud segment is expected to expand at the highest CAGR over the forecast period. A report from Global Market Insights states that the retail segment led the market in 2018, and is likely to maintain its dominance.
Thus, NCR with its varied offerings of POS terminals and solutions should be able to capitalize on these growth opportunities.
Long-term earnings growth rate for Infineon, j2 and Cirrus is projected to be 3.40%, 8% and 15%, respectively.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
Image: Bigstock
NCR Partners Sensibill to Develop Digital Banking Solution
NCR Corporation recently entered into a partnership with digital receipt and data provider, Sensibill, to develop a solution for bank customers to store, organize and manage their receipts.
The NCR Digital Banking solution runs on AI-driven data pulling and smart receipt capture technologies, which aid in improving financial management. Sensibill’s technology itemizes and categorizes receipt data. This gives insights to NCR's banks into customers' purchase behavior.
Moreover, customers will be able to instantly get purchase information from their bank’s mobile app. These receipts are then stored and can be retrieved or exported as required.
With the easy expense report management and tracking that comes with the solution, small firms can also maximize tax deductions and audit-proof their business.
How NCR’s POS Business Stands to Benefit
The partnership will be mutually beneficial for both the companies. Sensibill’s receipt technology will further enhance NCR’s point-of-sale (POS) business. On the other hand, access to NCR’s customers will help Sensibill grow as a preferred digital receipt and data provider for banks.
In the last reported quarter, NCR suffered a slight decline in the POS business due to lower orders year over year. However, the company is focusing on boosting this profit-rich business, and this is showing significant results.
Recently, NCR announced that a family-owned chain of supermarkets — Northgate González Markets — which serves communities in Southern California, has chosen NCR Emerald, the next generation POS enterprise software.
Further Efforts to Boost POS Business
Despite last quarter’s setbacks, demand for NCR’s POS solution in banking, retail and hospitality industries remains strong as it facilitates the automation of bill payment and accounting. Changing customer preference toward cashless transactions, along with rising demand for additional payment options is boosting demand for POS systems.
The company’s Digital Banking Solution is receiving positive feedback from customers on its new features. During the first quarter of 2019, it signed seven new digital banking customers.
In Digital First Restaurant, NCR recently launched its subscription model for Aloha POS solution, and received positive customer feedback.
Last month, NCR announced the buyout of Denver-based BEC— a provider of hospitality POS technology to expand its hospitality business.
NCR had strengthened its position in the POS market through the acquisition of Radiant Systems in August 2011. According to Acumen Research and Consulting, the global market size for POS terminals will reach $107.5 billion by 2026, witnessing a CAGR of 8% from 2018 to 2026. The cloud segment is expected to expand at the highest CAGR over the forecast period. A report from Global Market Insights states that the retail segment led the market in 2018, and is likely to maintain its dominance.
Thus, NCR with its varied offerings of POS terminals and solutions should be able to capitalize on these growth opportunities.
NCR Corporation Revenue (TTM)
NCR Corporation revenue-ttm | NCR Corporation Quote
Zacks Rank & Stocks to Consider
NCR currently has a Zacks Rank #3 (Hold). Few better-ranked stocks in the broader Computer and Technology sector are Infineon Technologies (IFNNY - Free Report) , j2 Global, Inc. and Cirrus Logic, Inc. (CRUS - Free Report) , eachsporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Infineon, j2 and Cirrus is projected to be 3.40%, 8% and 15%, respectively.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>