Genpass Service Solutions Announces Renewal of Hancock Bank Holding Company.Business Editors IRVING, Texas--(BUSINESS WIRE)--May 21, 2002 Genpass Service Solutions, the largest independent ATM maintenance and servicing company in the U.S., announced on Thursday that Hancock Bank Holding Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HBHC HBHC Healthy Babies Healthy Children (Ontario, Canada) ), parent of Hancock Bank (Mississippi) and Hancock Bank of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. , has signed a 3-year contract renewal. Hancock has assets of $3.7 billion. This renewal is part of the continuing expansion of business that Genpass Service Solutions has been experiencing over the last year. In 2001, Genpass Service Solutions had a 20% increase in total business. Genpass Service Solutions provides ATM servicing, supply and cash replenishment services throughout the U.S. to over 6,000 ATMs. Founded in 1899, Hancock Bank operates more than 100 full-service offices and over 130 automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. throughout southern Mississippi and Louisiana. Hancock Bank is community oriented, focusing primarily on offering commercial, consumer and mortgage loans, deposit and trust services to individuals and small to middle market businesses in their respective market areas. The Company's operating strategy is to provide its customers with the financial sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. and breadth of products of a regional bank, while successfully retaining the local appeal and level of service of a community bank. Hancock Bank's Senior Operations Officer, Michael Croal, had this to say about the renewal: "Hancock has a more than 100 year history of delivering impeccable service and convenience to the communities which we serve. Keeping our ATM network of over 130 locations operating at peak is important to delivering quality service. Genpass has provided the highest quality maintenance and monitoring to us for many years." President Tim Connor was pleased with the Hancock renewal: "Hancock was one of our first customers. We are very proud that our service delivery still meets Hancock's exacting standards." Connor adds that Genpass Service Solutions, as part of the Genpass Inc. family of businesses, is the only network-owned and operated servicing company. Service Solutions completes the Genpass integrated approach to EFT delivery that offers customers every aspect of a complete EFT program, from ATM sales discounts to driving, maintenance, and 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. , through specialized card programs such as payroll cards and medical benefits cards. About Hancock Bank Holding Company Hancock Bank Holding Company of Gulfport, Mississippi Gulfport is the second largest city in Mississippi after the state capital Jackson. It is the larger (population wise) of two principal cities of the Gulfport-Biloxi, Mississippi Metropolitan Statistical Area, which is included in the Gulfport-Biloxi-Pascagoula, Mississippi has assets of over $3.9 billion. It owns and operates Hancock Bank (Mississippi) and Hancock Bank of Louisiana which combined have more than 100 full service branches and over 130 ATMs throughout southern Mississippi and Louisiana. Founded in 1899, Hancock Bank stands among the top 100 strongest, safest financial institutions in America according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Veribanc, Inc. Hancock Bank received the prestigious five-star rating from Bauer Financial Reports, Inc. for 23 consecutive quarters. HBHC also has several other financial industry subsidiaries: Hancock Investment Services, Inc., Hancock Insurance Agency, Hancock Mortgage Corporation, and Harrison Finance Company. About GTCR GTCR Glacier Travel and Crevasse Rescue Golder Rauner, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Genpass Inc., and Genpass Service Solutions GTCR Golder Rauner, LLC, a leading private equity investment firm, owns and operates Genpass Inc. 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. Genpass Inc., with headquarters in Pennsylvania, owns the MoneyMaker(SM) and MONEY BELT(R) EFT networks through its Dallas-based subsidiary Genpass Technologies. Genpass Technologies is listed in The EFT Data Book (2002 edition) as one of the top five ATM drivers in the U.S. with over 20,000 ATMs in all 50 states and as number six and seven for transactions processed and switch volume, respectively. Genpass processes over 270 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 Inc., is the largest independent ATM servicing company in the U.S. The company serves over 500 financial institutions, independent sales organizations, and corporate customers providing monitoring, service dispatch, maintenance, cash replenishment, and operating supplies for every model of ATM hardware. www.GenpassEFT.com www.HancockBank.com |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion