Payment News

Two Bidders for Cardtronics

Cardtronics runs 285,000 ATMs in 10 countries, making it the world’s largest operator of non-bank cash machines. This Houston based company is a major player in the cash industry but is now being pursued by two companies, firstly Apollo Global Management and Hudson Executive Capital and secondly NCR.

The first bid came in late last year and now NCR has offered $39 per share, ahead of the Apollo and Hudson bid of $35. This values the company at $1.7 billion. According to NCR, they are the world’s number one POS software supplier for the retail and hospitality sector and the number one supplier of multi-vendor ATM software.

Contactless Gathers Momentum in the US

The National Retail Federation in the US reported that by the summer of 2020, 60% of US merchants accepted contactless payments, with the uptake steadily rising and now estimated to have reached 75%. Partly this has been due to merchants enabling existing equipment, but also due to investment.