NCR Voyix VYX has introduced its latest self-checkout solution, leveraging the advanced capabilities of the NCR Voyix Commerce Platform. This is the first solution that the company has launched after its separation of business into the digital commerce-based NCR Voyix and ATM-business-focused NCR Atleos.
The newly introduced solution is focused on simplifying the store checkout process through various technologies like radio frequency identification, bar code scanning, computer vision and more to create a seamless and inclusive shopping experience. The company stated that this solution will enable organizations to transition between assisted and self-checkout lanes.
Furthermore, the technology gives retailers the freedom to customize experiences for customers of different demographics while conveniently testing what works best for them. The solution enables organizations to receive real-time insights to personalize the customer experience while minimizing investment risks.
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NCR Voyix commenced operations as an independent entity following its spin-off from the ATM-focused business in October 2023. Specializing in digital commerce, the company caters to a diverse global customer base in banking, retail and restaurants. It holds a prominent position as the industry leader in point-of-sale software for both retail and restaurants. Additionally, NCR Voyix dominates the market in self-checkout kiosks, related technologies and other self-service solutions.
The company anticipates generating $4 billion in revenues during fiscal 2023, with $2.1 billion in recurring revenues, constituting nearly 55% of the total. The Software and Services segment, responsible for almost two-thirds of the overall revenues, is expected to witness an increase in revenues with the introduction of this new solution.
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
NCR Voyix Investor Contact
Sarah Jane Schneider
Sarahjane.schnedier@ncrvoyix.com
NCR Voyix News Media Contact
Chad Biele
Chad.biele@ncrvoyix.com