NCR is expanding further into payments The US-based firm said Monday Oct 22 that it will buy Pennsylvania-based JetPay a provider of end-to-end payment processing and human capital management solutions according to a statement NCR said it has a definitive agreement to buy JetPay for a purchase price of about 184 million partly financed by cash The deal is expected to close by the end of the year NCR said According to the statement the acquisition will enable NCR to integrate a cloud-based payments platform into its enterprise point-of-sale solutions for retail and hospitality industries It also accelerates NCRs strategy of increasing recurring revenue growth and expanding margins by enhancing its mix of software and services JetPay s services include card acceptance processing payroll payroll tax filing human capital management services and other financial transactions The company said it provides a single vendor solution for payment services debit and credit card processing ACH services and payroll and human capital management needs A PYMNTS article described how Credibly partnered with JetPay to give JetPays distribution network streamlined access to Crediblys lending platform providing more capital for their US-based small business clients NCR meanwhile enables 760 million transactions daily across financial retail hospitality travel telecom and technology industries The acquisition of JetPay is a key strategic initiative that will enable NCR to create a full end-to-end integrated payments offering for its enterprise-wide POS customers said NCR President and CEO Michael D Hayford Enabling payments as part of our transactions is part of our long-term strategy to create integrated value for our clients