AI-ID Generative AI Tracker January 2024 Banner

NCR Atleos Partners BHMI to Expand Payment Offerings

NCR Atleos is launching a partnership with software firm BHMI to offer a real-time payment solution with back-office functions.

BHMI will allow NCR Atleos to resell its Concourse Financial Software Suite, BHMI said in a Tuesday (Nov. 28) press release.

The suite offers a range of features, including settlement, reconciliation, disputes management and fees processing, per the release. By using this software, financial services companies can streamline their payment operations, reduce costs and increase business agility, BHMI said.

“We are honored that NCR Atleos is adding Concourse to its software portfolio,” said Jack Baldwin, CEO of BHMI. “Concourse’s continuous processing architecture and powerful rules engine make it ideally suited to complement the market-defining solution set being offered by NCR Atleos.”

NCR Atleos has also made headlines recently as a result of a new partnership with British retailer Asda, which will use the collaboration to bring new ATMs to its stores.

The collaboration means that Asda customers will soon be able to withdraw cash from Atleos machines at more than 600 stores, PYMNTS reported Monday (Nov. 27). 

“By implementing Atleos ATMs Asda will deliver a convenient cash access experience for our over 18 million weekly shoppers,” Neil Foster, head of Asda Money, said Monday. 

“Allowing simple access to cash and more services in the future is a top priority for us. We’re really excited about the Atleos vision on how to quickly introduce new innovation to further support our customers,” Foster added. 

NCR Atleos was only created last month when NCR split into two independent, publicly traded companies: NCR Voyix, which focuses on digital commerce, and NCR Atleos, which focuses on ATMs. 

When announcing the split, NCR Board of Directors Executive Chairman Frank R. Martire said the goal of the separation was to unlock value.

“By creating two best-in-class independent companies, we should be able to accelerate the pace of transformation by enabling each to execute its own growth strategies and better capture the value-creation opportunities ahead,” Martire said at the time.