NCR Atleos has secured a new ITM and ATMaaS contract with Palmetto Citizens Federal Credit Union, a $1.4 billion‑asset institution. The agreement expands the credit union’s existing relationship to include Interactive Teller Machines and ATM‑as‑a‑Service solutions under a single recurring contract that bundles hardware, software, cash management and maintenance.
The deal adds a large, high‑margin service contract to Atleos’ growing ATMaaS portfolio, reinforcing the company’s strategy to shift toward recurring revenue and higher‑margin offerings. It builds on an existing partnership that already includes ATMs and the Allpoint Network, and positions Atleos to capture additional recurring revenue streams.
Atleos has experienced strong growth in its ATMaaS business, with revenue surges of 32% year‑over‑year in Q2 2025 and 37% in Q3 2025. The new contract is expected to contribute to this trajectory, supporting Palmetto Citizens’ expansion plans—including the acquisition of Southern Bank branches—by providing modern self‑service infrastructure.
"Palmetto Citizens has a long history of prioritizing member trust, service and innovation. We're proud to support this charge with our ITM and ATMaaS solutions, which enhance reliability, security and efficiency. This ongoing collaboration reflects how leading credit unions can modernize critical infrastructure while staying aligned with their community‑focused mission," said Meghan Bennett, Vice President, North America for Atleos.
"We know our members value convenience and the ability to bank on their terms. By expanding our partnership with Atleos, we are cost‑effectively extending our geographic reach and strengthening our brand presence, while giving members more convenient access points and personalized service options. It's a win‑win for our members and Palmetto Citizens," added Robert Dozier, CEO of Palmetto Citizens FCU.
By bundling hardware, software, cash management and maintenance under a single recurring contract, the deal reduces operational complexity for Palmetto Citizens and positions Atleos to capture recurring revenue and margin expansion. The partnership underscores the broader industry trend toward digital self‑service banking and positions Atleos to capitalize on the growing demand for ITMs and ATMaaS solutions.
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