article thumbnail

NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

He added that Cardtronics’ debit network complements NCR’s payments platform and the combined new entity will offer a comprehensive connection of retail and bank customers “while capitalizing on the banking industry’s transition toward infrastructure outsourcing.”.

ATM 172
article thumbnail

NCR Makes Play For Cardtronics Despite Rival Private Equity Deal

PYMNTS

In mid-December, Cardtronics announced a $35 per share offer from an entity owned and controlled by private equity firms Apollo Global Management and Hudson Executive Capital. Cardtronics is based in Houston and registered in the United Kingdom. per share in cash,” a Jan.

Houston 192
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

article thumbnail

Einride Presses The Pedal On Autonomous Delivery

PYMNTS

Sweden-based Einride , which makes autonomous delivery vehicles, has raised $25 million in fresh capital. The company works in partnership with fleet managers to deploy those vehicles, or sells them outright, and has clients such as supermarket chain Lidl. For instance, Kroger Co., Freight Play.

Houston 116
article thumbnail

Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

The new cloud-based system can help FIs manage loans from origination and review to renewal and modification. Houston-based First Service Credit Union has selected a third-party provider’s digital banking suite to enhance its members’ online access to financial services.

article thumbnail

5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

article thumbnail

How QSRs Bring Mobile And Digital Payments To The Table

PYMNTS

And online ordering platforms are raising capital: ChowNow , for instance, announced in May that it had notched $21 million in venture funding. The Los Angeles, California startup said in a press release at the time that it had raised the capital via a Series C round of funding, with Catalyst Investors and 3L Capital participating.

Mobile 179