October 22, 2018Blog Posts

NCR to buy payment processor JetPay for $184 million

The Atlanta Journal-Constitution

Atlanta-based NCR, which makes ATMs and checkout systems, on Monday announced a deal to buy a Pennsylvania company that processes payments.

NCR said it will buy JetPay for $184 million through existing cash and credit lines, and the deal has been approved by the boards of both companies. NCR said it will add JetPay’s cloud-based payments technology into its checkout systems.

NCR has spent years evolving its business from making hardware to providing software and services. Adding payment processing to its checkout systems and travel kiosks is another step in that evolution.

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