Banking Outsourcing: Access to Money Renews Pantry Agreement
December 27, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Access to Money, Inc. (OTCBB: AEMI), a provider and non-bank operator of ATMs in the United States, said that it has entered into a definitive agreement with The Pantry, Inc., to replace around 1,400 existing ATMs throughout 11 states in the Southeastern United States with new, Select-A-Branch enabled ATMs.
The new Select-A-Branch ATMs will provide "surcharge-free" transactions to customers of participating financial institutions. Also, each ATM will be equipped with a full motion video topper for advertising and will be capable of delivering dynamically generated coupons.
Access said that roll-out of the new ATMs is scheduled to begin during the first quarter of 2011.
New Jersey-based Access to Money has around 10,700 terminals under contract. Its customers range from national specialty stores, retailers and credit unions to individual convenience stores, and are located throughout all 50 states.
Access to Money also provides student loan outsourcing services to university credit unions throughout the United States.
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