NCR Atleos is a financial technology company focused on ATM infrastructure and services. Atleos serves banks, credit unions, fintechs, and digital banks through two core business lines. The Self-Service Banking (SSB) segment sells ATM and ITM hardware to financial institutions, along with software subscriptions and multi-year service agreements covering maintenance and full operational management. The key growth driver in SSB is "ATM as a Service" (ATMaaS), where Atleos takes over complete management of a bank's ATM fleet for a recurring monthly per-device fee — a model that roughly doubles recurring revenue per device versus a traditional contract. The Network segment operates a fleet of approximately 80,000 owned ATMs placed in retail locations across 13 countries, anchored by the Allpoint surcharge-free network. Financial institutions pay Atleos to give their cardholders fee-free access to this network, making Allpoint an outsourced physical banking presence for institutions without their own ATM infrastructure. Atleos also operates a small Telecommunications & Technology segment providing managed network services to enterprise clients. Recurring revenue comprises roughly 70-75% of total company revenue. Atleos generates approximately 55% of revenue outside the U.S. and is actively expanding ATMaaS and its owned network in Europe, Latin America, and the Middle East. The company's core secular thesis is branch rationalization: as banks close branches to cut costs, demand grows for outsourced ATM management and shared network access.