NCR Reports $38 Million Q4 Profit

Published February 03, 2011, 5:00 p.m. EST

Updated February 03, 2011, 4:00 p.m. EST

1 Min Read

NCR Corp. this afternoon reported a fourth quarter profit of $38 million after asuming a $57 million loss a year earlier.

Processing Content

The Duluth, Ga.-based ATM and kiosk maker reported revenue was up 5%, to $1.4 billion. NCR touted its scalable deposit module and intelligent deposit technology as providing potential growth this year.

Last month, the company said JPMorgan Chase & Co. will place hundreds of machines equipped with its latest module in branches nationwide. Wells Fargo & Co. is also deploying machines equipped with the module (see story).

“As we move into 2011, we will continue to be focused on our value-creation strategy, which includes ongoing operational execution,” NCR said in a Feb. 3 press release.

MORE FROM AMERICAN BANKER

Community banking

Citing bad loans, USDA bars a group of lenders from lending program

The move comes about a year after rising delinquency levels prompted SBA to raise lender fees and tightened underwriting standards in its flagship 7(a) program.

By John Reosti
Reporter

6h ago
Artificial intelligence

OpenAI launches Plaid integration for ChatGPT Pro users

Select ChatGPT users can now connect their bank accounts to the AI-powered chatbot for personal money management advice based on their financial history.

By Melinda Huspen
Tech Reporter

7h ago
Fraud

Always-on fraud checks cut Suncoast's losses by a third

Suncoast Credit Union moved from one-time identity checks to monitoring members for the life of the account. It says fraud losses fell more than a third.

By Carter Pape
Technology Reporter

8h ago
Wells Fargo

Wells Fargo settles lawsuit alleging hiring, lending discrimination

The $110 million settlement, which was mapped out last fall, requires Wells Fargo to establish a $100 million fund to provide downpayment and closing-cost assistance to eligible borrowers who live in or plan to buy a home in certain low- and moderate-income census tracts.

By Allissa Kline
Reporter

8h ago
New York

First Trump, Now Mamdani; politicians stepping into payments

Whether red or blue, leaders share an affinity for battling fintech giants, as the liberal mayor is pressuring regulators to scuttle Western Union's plan to buy digital transfer Intermex, shortly following PayPal's 'DEI settlement' with the Trump administration.

By John Adams
Executive Editor, Payments

9h ago
Agentic Commerce

Why JPMorgan Payments has been 'pretty quiet' on agentic commerce

Prashant Sharma, JPMorgan Payments' executive director of biometrics and identity solutions, spoke with American Banker about agentic commerce and how liability is shifting as a result of large language models.

By Joey Pizzolato
Reporter

9h ago