Genpass Adds Maryland Bankers Services to Growing List of Endorsements.Business Editors/High-Tech Writers IRVING, Texas--(BUSINESS WIRE)--Oct. 13, 2003 Genpass, Inc. ("Genpass") announced today the signing of a promotional and referral agreement with Maryland Bankers Services, the service affiliate of the Maryland Bankers Association ("MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration "). The agreement endorses Genpass as a preferred provider of EFT services to the members of the MBA, including ATM driving, debit processing, debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. programs, as well as other customized ATM and card programs. Maryland Bankers Association is the only Maryland-based trade group serving the banking industry. Among the many goals of the MBA, the organization seeks to provide solid, trustworthy solutions to its member base. "Our search for a Maryland Bankers Association-recommended EFT provider led us to Genpass," said MBA Vice President John Cavanaugh John Cavanaugh may refer to:
Genpass currently delivers EFT solutions to over 1,000 financial institutions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and the company continues to earn endorsements from banking associations across the country. Executive Vice President and Chief Marketing Officer Gary T. Staub commented, "We are delighted to have been selected by Maryland Bankers Services, and we look forward to assisting them in achieving their goal of providing exceptional EFT service to their members." Previous endorsements in 2003 include Pennsylvania Association of Community Bankers, Central Credit Union Fund, and Community Bankers Association of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State. Genpass' core products include transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , ATM driving, debit and other card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. . The company processes over 360 million transactions annually. About GTCR GTCR Glacier Travel and Crevasse Rescue Golder Rauner, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and Genpass Inc. GTCR Golder Rauner, LLC, a leading private equity investment firm, owns and operates Genpass Inc., the parent company of Genpass Technologies, LLC, and its subsidiaries. GTCR currently manages more than $4 billion in equity capital invested in companies providing transaction processing, information technology services, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and marketing services. Additional information can be found at: www.gtcr.com. Genpass Inc., with headquarters in Pennsylvania, owns the MoneyMaker(SM) and MONEY BELT(R) EFT networks through its Irving, Texas-based subsidiary Genpass Technologies, LLC. Genpass Technologies is listed in ATM and Debit Card News (July 25, 2003) as the second largest third party ATM driver in the U.S. and in The EFT Data Book (2003 edition) as one of the largest transaction processors in the U.S., driving approximately 25,000 ATMs located throughout the country. Genpass processes over 360 million transactions annually. The company also operates Genpass ATM Solutions -- providing a strategic solution to ATM-owning and placement -- and Genpass Card Solutions, offering specialized card services such as payroll and medical benefits card programs. Genpass Service Solutions, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Genpass Technologies, is the largest independent ATM servicing company in the U.S. For more information, please see www.genpasseft.com. About Maryland Bankers Association Founded in 1896, the mission of the Maryland Bankers Association is to increase the competitiveness of the commercial banking and thrift industries. As the only Maryland-based trade group serving the banking industry, the MBA achieves its mission as an advocate for the industry, as a provider of public financial education, bankers' professional development and member services, and as a communications resource. Additional information can be found at www.mdbankers.com. About Maryland Bank Services, Inc. Established in 1996, Maryland Bank Services, Inc., the service affiliate of the Maryland Bankers Association, offers a variety of products and services partnership solutions to MBA member institutions. These partnership programs provide member institutions with an opportunity to increase revenue or reduce costs. Participation in endorsed programs adds significant value to MBA membership. |
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