Posts Tagged ‘ATM Machines’

    • ASX Company News: GRG International To Replace 28 ATMs In Texas

    Friday, April 1st, 2011

    GRG International Limited (GRG) through its US distribution reseller Universal Money Center (UMC), has signed a new contract to replace 28 existing ATMs at convenience stores throughout west Texas. The GRG E300L model ATMs will be installed over the next 30 days and branded by UMC and a local financial institution. The GRG E300L is a retail cash dispenser that is built with high quality components and its reliability is unmatched.   The E300L complies with all industry standards including; PCI EPP, UL 291 and Triple DES.  As with all ATMs sold by GRG, the design is 100% compliant with the newly adopted ADA (Americans with Disabilities Act) laws.

    “This is another step in our strategy to being a recognised supplier to the financial institutes in North America,” said Jeff Barrow, Chairman and Managing Director of GRG International Ltd.

    UMC’s corporate headquarters is in Kansas. UMC’s distribution strengths are mainly with small and medium-network ATM management and offers a spectrum of ATM services with a fully redundant data centre. GRG International has its North American headquarters in Pass Christian MS and uses ATMs developed and manufactured by GRG Banking. The company reinvests 6% of all revenues in the world’s largest dedicated R&D centre for ATM technology. GRG International has exclusive rights to distribute GRG Banking ATMs in the US, Canada, Australia, UK and Ireland. It has rights to emerging markets such as Mexico and India. The company operates over 620 ATMs in Australia and has a number of key North American relationships to rapidly increase the ATMs in that market.

    GRG International is in a partnership between Global Cash Services and GRG Banking of Guangzhou, the largest ATM manufacturer in China. GRG International was founded to distribute GRG Banking products in the main English-speaking markets. GRG Banking is the largest ATM manufacturer in China, one of the largest ATM suppliers in the Asian region and is listed on the Shenzen Stock Exchange with a $A2.2billion market capitalisation. The company leverages GRG Banking’s resources to design, develop, manufacture and sell ATMs, ATM management software and spare parts without incurring the associated overheads. GRG International will also sell the comprehensive range of other GRG Banking products such as Recyclers, Teller Cash Dispenser, Automatic Depository and Kiosk products. GRG International has exclusive rights to distribute GRG ATMs in the United States, Canada, Australia, United Kingdom and Ireland and non exclusive rights to the Mexican, South African and Indian markets.

    www.grgatm.com

    http://www.traderdealer.com.au/Fundamentals/grg

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    ASX Company News: GRG International To Distribute ATMs In South Africa

    Tuesday, March 8th, 2011

    ATM company GRG International Limited (GRG), in conjunction with their recent acquisition, the Efunds group, has secured a major supply agreement for ATM sales in Africa with The Standard Bank of South Africa Limited. The Standard Bank of South Africa operates in 17 African countries and the initial supply contract covers all of their regions in Africa.

    “This is an important step for GRG International and we are very pleased to have secured this contract. The opportunity was forecasted in the business plan for the Efunds group and we anticipate further strong growth in Africa.” said Chairman Jeff Barrow. GRG International has exclusive rights to distribute China-based GRG Banking ATMs in the US, Canada, Australia, UK and Ireland. It has non exclusive rights to emerging markets such as India, South Africa and Mexico.

    GRG operates ATMs in Australia and has key North American relationships to rapidly increase the sales of ATMs in that market. The company now operates 620 ATMs in Australia. GRG Banking is the largest ATM manufacturer in China, one of the largest ATM suppliers in the Asian region and is listed on the Shenzhen Stock Exchange with a $A2.3 billion market capitalisation. The Standard Bank of South Africa Limited has operations in Africa, the Americas, Europe and Pacific. Standard Bank operates in 17 countries across the African continent and a further 15 countries outside of Africa. The group has been a mainstay of South Africa’s financial system for over 145 years and has assets of over US$183 billion. GRG International is in a partnership between Global Cash Services and GRG Banking of Guangzhou, the largest ATM manufacturer in China.

    www.grgatm.com

    http://www.traderdealer.com.au/Fundamentals/grg

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    ASX Company News: GRG International To Replace 51 ATMs In Alabama and Florida

    Tuesday, December 21st, 2010

    GRG International Ltd (GRG) has signed an agreement to replace 51 existing ATMs for BankTrust Financial Group Inc throughout Alabama and parts of Florida. Installation of the ATMs will occur over the next 12 months. BankTrust is headquartered in Mobile, Alabama. It is the state’s third largest bank holding company and offers comprehensive banking and financial services through 51 branches in the southern two-thirds of Alabama and northwest Florida. GRG has worked closely with its regional distributor Financial Equipment and Data Corporation (FEDCorp) to secure the contract. FEDCorp is a leading provider of ATM sales and services to retailers and financial institutions across the southeast US, particularly Mississippi, Florida, Tennessee and Alabama. GRG International uses ATMs developed and manufactured by GRG Banking in China.

    GRG International is in a partnership between Global Cash Services and GRG Banking of Guangzhou, the largest ATM manufacturer in China. GRG International was founded to distribute GRG Banking products in the main English-speaking markets. GRG Banking is the largest ATM manufacturer in China, one of the largest ATM suppliers in the Asian region and is listed on the Shenzen Stock Exchange with a $A2.8billion market capitalisation. The company leverages GRG Banking’s resources to design, develop, manufacture and sell ATMs, ATM management software and spare parts without incurring the associated overheads. GRG International will also sell the comprehensive range of other GRG Banking products such as Recyclers, Teller Cash Dispenser, Automatic Depository and Kiosk products.

    www.grgatm.com/

    http://www.traderdealer.com.au/Fundamentals/GRG

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    ASX Company News: Customers Acquires Keycard ATM

    Wednesday, November 24th, 2010

    Further to the Company’s announcement of 18 November 2010 relating to the acquisition of two small ATM operators, Customers Limited is pleased to announce it has reached agreement to acquire the business of a third independent operator, Keycard ATM. The acquisition of the Keycard business will add 113 ATMs to Customers’ nationwide fleet of over 5600 ATMs – the largest ATM network in Australia. The business acquired from Keycard also includes a further 21 signed merchant contracts that Customers will deploy.

    Customers Limited Managing Director Tim Wildash said the Keycard acquisition was pleasing for the Company. “With a fleet of 113 ATMs in sustainable, well-chosen convenience locations and a further 21 signed contracts to deploy, we believe that Keycard is a sound investment for Customers,” Mr Wildash said. “With Keycard, and our just completed acquisitions of Yourcash ATM and Crown ATM, we will utilise our scale benefits to enhance the service delivery and profitability of these fleets.

    Customers is listed on the Australian Securities Exchange (CUS) and operates Australia’s largest fleet of ATMs, which are contracted to merchants. The Company’s fleet includes bank branding, such as Bendigo Bank, Citibank and Arab Bank of Australia, as well as its own brands. Customers prides itself on achieving industry leading network uptime, providing advanced hardware from leading global manufacturers and ensuring best practice in service provision.

    www.customersatm.com.au

    www.customers.com.au

    http://www.traderdealer.com.au/Fundamentals/cus

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    ASX Company News: iCash Payment Systems Secures $63 million Korean Contract

    Thursday, November 18th, 2010

    iCash Payment Systems Limited (ICP) is pleased to announce that its subsidiary NeoICP, has been awarded a contract for A$63 million to manufacture, supply and maintain high functionality, cash deposit and cash dispensing ATMs to Lotte Co. Limited in Korea. This contract is supported by a 7 year technical service and maintenance agreement. The LOTTE Group business plan is to expand the number of convenience store locations in Korea to 8,000 by 2013.

    iCash Payment Systems Limited Executive Chairman Mr James Manny commented, “We have demonstrated that we can crack open highly competitive and technical markets that others have considered saturated. The demand driven introduction of new technology will always change the playing field and open up new markets to high quality products which are delivered at fair pricing.” He added, “Apart from strong sales revenue, this agreement reinforces our focus on achieving strong recurring revenues streams through maintenance and technical services over the next 7 years. Importantly, it also provides geographic and revenue sector spread to diversify our reliance on single market.”

    iCash is a vertically integrated ATM payments business that has delivered end-to-end solutions in ATM deployment and electronic banking services to merchants and financial institutions across Asia Pacific since 2001. Since inception, iCash has designed, manufactured and sold over 11,000 ATMs in Korea and deployed over 1,400 ATMs in Australia.

    www.icash.com.au

    http://www.traderdealer.com.au/Fundamentals/icp

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    ASX Company News: GRG International To Acquire eFunds Group

    Tuesday, November 16th, 2010

    GRG International Limited (GRG) has entered into a conditional agreement through its wholly-owned subsidiary GRG International Holdings Pty Ltd to acquire all the issued capital of eFunds Pty Ltd and ATM Serve Pty Ltd as well as the Electronic Retail Solutions business (collectively “eFunds Group”). The purchase price for the eFunds Group consists of two tranches. GRG will satisfy the first tranche of the consideration at completion by the payment of $3.3 million cash and the issue of $3.3 million worth of fully paid GRG shares to be issued at the lesser of $0.20 per share and the volume weighted average price of GRG shares traded on the ASX on each of the 10 trading days immediately prior to the completion date.

    The acquisition adds new blue-chip clients, Australian geographical diversity and is forecast to contribute approximate annual revenues of $10.4 million and EBITDA of $3.6 million to GRG in CY2011. In committing to the consolidation of GRG and the eFunds Group, the current executive owners of the eFunds Group have agreed to sign two year management contracts and all owners of the eFunds Group have agreed to a 12 month voluntary escrow period over the Tranche 1 shares received as consideration. ASX may impose its own restrictions on the Tranche 1 and Tranche 2 shares pursuant to Listing Rule 9.1 and GRG has lodged a submission with ASX seeking clarification on this point.  The company will further strengthen its global operations with the addition of the eFunds Group’s expert banking and ATM resources.

    The eFunds Group was established in 1998 and is a combination of three operating units; eFunds Pty Ltd, ATM Serve Pty Ltd and Electronic Retail Solutions (ERS). Each unit specialises in a specific niche of the ATM market and the combination is a full service ATM operator with the ability to procure, install, operate and maintain ATMs in NSW and mostly in the Sydney metro area. eFunds Pty Ltd is the exclusive outsourced partner to Suncorp for the placement and deployment of Suncorp branded ATMs

    to select retail locations. The agreements provide for eFunds to receive a fixed monthly management fee for providing ATM locations and to receive rebate revenue from its merchant filled ATMs. There are 239 installed ATMs under the Suncorp agreements and the total is expected to increase at minimum to 70 additional units per year.  eFunds Pty Ltd’s primary objective has been the roll-out of Suncorp branded ATMs to city convenience stores. The focus of this campaign has been the Sydney CBD and targeted Sydney metro areas supporting Suncorp’s branch retail growth strategy. It has created strong brand recognition for Suncorp by specifically targeting the convenience store merchant market which typically operate with extended retail hours.

    www.grgatm.com

    http://www.traderdealer.com.au/Fundamentals/GRG

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    ASX Company News: Customers To Provide CitiBank ATMs

    Wednesday, July 14th, 2010

    Customers Limited (CUS), Australia’s leading owner/operator of ATMs, today announced a cornerstone partnership with Citibank Australia. The partnership will see expansion of the existing Citibank ATM network via a branding arrangement with Customers. Customers and Citibank have agreed to progressively expand Citibank’s ATM network by a minimum of 150 ATMs within the next 18 months. It is anticipated that the partnership will ultimately achieve substantially greater numbers above the agreed minimum, with Citibank and Customers engaging in a site identification and selection process which has already exceeded 150 terminals. The Citibank branded ATMs will be supplied and operated by Customers under a three-year contract.

    Customers Managing Director Tim Wildash said the ATMs will be re-branded from Customers’ existing fleet, which is the largest fleet of ATMs across Australia. As sites are selected, the agreement will provide revenue uplift for Customers through a branding fee per ATM from Citibank.

    Citibank CEO, Roy Gori said Citibank and Diners Club cardholders would be important beneficiaries of the agreement, and that this important step formed part of a broader strategy in Australia. “Over the next 18 months to two years, we will be investing heavily in our brand and in our physical presence in Australia. This includes the revitalisation of our existing branch sites with innovative technologies, the development of new branches in key strategic sites and, in alliance with Customers, the expansion of a branded ATM network,” Roy said. Ajay Kashyap, Head of Retail Banking for Citibank, said that the agreement joins Citibank’s existing agreements with Westpac and St George that give Citibank  customers access to one of the largest network of fee free ATMs in Australia. Ajay added that choosing Customers to manage such an important component of the bank’s services reflected its confidence in Customers’ business and ability to efficiently manage the fleet.

    Customers Limited (CUS) operates Australia’s largest fleet of ATMs across Australia, which are contracted to merchants. Its ATMs are primarily branded Bank of Queensland, St George Bank, Arab Bank of Australia, and Bendigo and Adelaide Bank. Customers is recognised as a leading independent owner and deployer of ATMs in Australia and has more bank-branded ATMs than other providers.  Citibank, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citibank’s major brand names include Citibank, Citibank Financial, Primerica, Banamex, and Nikko.

    www.citibankgroup.com

    www.citibank.com

    www.customersatm.com.au

    http://www.traderdealer.com.au/Fundamentals/cus

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    Customers ATM Extends ATM Contract With On The Run Stores

    Sunday, March 28th, 2010

    Customers ATM (CUS), a member of Customers Limited Group, today announced a seven year agreement with Peregrine Corporation, to continue the provision of ATM services across their “On The Run” convenience sites. The agreement, which will see Customers ATM continue providing and operating ATMs in a 24- hour environment at the BP On The Run branded convenience sites, highlights Customers ATM’s position of strength in the marketplace. The 51 On The Run sites in Adelaide each house a variety of outlets such as BP service stations, C Coffee, Happy Wash car washes, Brumby’s Bakeries and Subway.

    Customers ATM Managing Director, Tim Wildash, said the agreement was the second long-term   partnership between the two companies. “Signing with a supplier for seven years is a significant commitment. On The Run and Peregrine Corporation’s choice to renew their partnership with us is testament to our consistently superior level of service and ATM network reliability,” Mr Wildash said. “We own and operate more than a fifth of all ATMs in Australia and more bank-branded terminals than other providers. Agreements with leading convenience retailers such as Peregrine further strengthen our market-leading position.” Peregrine Executive Director, Yasser Shahin, said he was looking forward to continuing working with Customers ATM. As Adelaide’s leading convenience retailer, we must ensure we have experienced, reliable suppliers so that we can focus on our core business,” Mr Shahin said.  “Customers ATM has more than proven its reliability to us, demonstrating flexibility and fast, responsive service and support, 24 hours a day.” Bendigo Bank branding will be rolled out to the On The Run ATMs, as part of the bank’s commitment to making more ATMs available to its customers. Bendigo Bank is a long-term partner of Customers ATM, with Customers branding and operating ATMs on the bank’s behalf.

    Customers ATM (CUS) operates an ATM network of more than 5600 machines throughout Australia contracted to merchants. Its ATMs are primarily branded Bank of Queensland, St George Bank, Arab Bank of Australia, and Bendigo and Adelaide Bank. Customers holds contracts with more than 4600 merchants, which offer exclusive rights to provide cash to consumers at popular convenience locations. Customers is recognised as a leading independent owner and deployer of ATMs in Australia. Peregrine Corporation is Adelaide’s leading convenience retailer. The company was formed in 1984 with a single service station in Woodville Park and grew into a convenience business themed around the On The Run umbrella brand with more than 50 sites in Adelaide. The sites house a range of convenience businesses, including BP service stations, Brumby’s Bakeries, Subway sandwich outlets and Happy Wash car washes. Peregrine Corporation also operates Smokemart and GiftBox stores throughout Australia.

    www.customersatm.com.au

    www.perecorp.com.au

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