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NCR Receipts Not Adding Up

Keeping up with new technology is tough for the National Cash Register Corporation.

By Candice Reed | Updated on May 27, 2015

The National Cash Register Corporation, which has been around since 1884, is responsible for inventing the first mechanical cash register and the commercialization of the first barcode scanners in 1974, but keeping up with today’s technology might not be paying off.

The Duluth, Ga.-based company is the world’s largest ATM producer, but according to a new report by Spruce Point Capital, a hedge fund known for its short-selling research, NCR isn’t keeping up with the new technology of e-payments. The company has struggled amid softness in demand from retail customers, many of whom are turning away from traditional point-of-sale technology and toward mobile-payment devices.

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