Leaked NCR Payments Agreement Shows Usual Processor Gimmicks, Likely Bad Merchant Outcome

NCR acquired JetPay in late 2018 to take advantage of the POS and payments bundling gripping (or maybe strangling?) brick and mortar. In classic NCR fashion they overpaid on the deal and when we checked on some of their first implementations things were not as they appeared.

For exhibit A we have a merchant services (and NCR Silver) agreement for a 5-unit restaurant group. Each location averages $500,000 in revenue with an average check of $5, so that’s 100,000 transactions annually.