Dive Brief:

• Atlanta, Georgia-based e-commerce payments company NCR Voyix has partnered with merchant services company Worldpay to offer a cloud-based software and payments hub for restaurants and retailers, according to a Thursday press release.
• In addition, NCR Voyix said former Global Payments CEO Jeffrey Sloan will join its board of directors on March 3, according to a separate release the same day. Sloan brings experience not only from Global Payments, but also from his time as the global head of Goldman Sachs’ financial technology group.
• NCR Voyix also reported fourth-quarter revenue declined to $682 million last year, from $796 million in the year-earlier period. Its full-year fiscal year 2024 revenues also declined year over year, from $3.2 billion in 2023 to $2.8 billion last year, according to an earnings press release Thursday.

Dive Insight:

While NCR Voyix suffered revenue declines in 2024, the company also managed to narrow its losses. The company’s fourth-quarter loss last year narrowed to $9 million, from $272 million, and its full-year loss shrank to $202 million, from $729 million, according to the release. 

Analysts for the investment firm RBC Capital Markets noted that NCR Voyix’s fourth-quarter earnings were slightly above analysts’ expectations, but its adjusted EBITDA fell short.

Still, the company’s CEO, James Kelly, pointed to improvements in the business by way of selling the its digital banking unit last year and reducing costs. “I look forward to building on our recent progress to meet the evolving needs of our valued customers, expand market share, and position the Company to achieve its growth plans,” Kelly said in the company’s earnings release.

NCR Voyix was created by the split-up of the former NCR business in 2023, separating the digital commerce operations from the ATM-focused segment, creating two publicly-traded companies, also including NCR Atleos.