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NCY Voyix Corp., the point-of-sale and processing firm, reports the number of platform sites and the number of payment sites increased 26% and 8%, respectively, in 2024 from 2023, amid the company’s improving financials for the year. Platform sites use NCR Voyix’s commerce platform and payment sites use its payment-processing services.
Atlanta-based NCR Voyix reported fourth-quarter 2024 revenue of $682 million, down 11% year-over-year. Revenue for 2024 dropped to $2.8 billion from $3.2 billion in 2023. The company’s 2024 net loss from continuing operations narrowed to $202 million from $729 million in 2023, while net income swung to a positive $957 million from a $423 million loss. Continuing-operations income or loss are generally derived from a company’s normal, ongoing business activities. Notably, NCR Voyix sold its digital-banking business in the third quarter for $2.45 billion.
By merchant segment, retail continues to be dominant for NCR Voyix, generating nearly $2 billion in 2024 revenue, a 10% drop from $2.2 billion in 2023. Restaurant revenue came in at $825 million in 2024, a 7% decrease from $886 million in 2023.
NCR Voyix is hopeful that a new agreement with Worldpay will boost revenue. The deal enables NCY Voyix to offer a combined cloud-based software and payments product to retailers and restaurants that use Worldpay’s acquiring services to provide customers with an integrated payments-acceptance service.
“Integrating Worldpay’s world-class payment-processing capabilities into NCR Voyix’s platform will broaden our valued customer relationships, allowing us to serve as the single point-of-contact for all point-of-sale and payment needs,” Darren Wilson, NCY Voyix president for retail and payments, says in a statement. Wilson moved into that position earlier this month, having been the company’s executive vice president for international.
In more news, NCR Voyix said Jeffrey S. Sloan, former chief executive of Global Payments Inc., was appointed to its board of directors effective March 3.
