NCR buys JetPay for $184 million as upstarts threaten point-of-sale business


NCR, a large point-of-sale terminal maker, said it will acquire payment processor JetPay in a move that highlights competition from the likes of Stripe and Square as well as PayPal and its Venmo as credit card processors for businesses. JetPay also offers payroll and human capital management software. NCR said it will pay $5.05 a share for JetPay, or $184 million. For NCR, the move is part of a broader strategy to develop recurring revenue and offering software and services. NCR said it plans to integrate JetPay's cloud-based payments platform into its enterprise point-of-sale (POS) terminals for retail and hospitality.

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