Genpass Service Solutions Renews Colonial Bank.Business Editors DALLAS--(BUSINESS WIRE)--April 5, 2002 Genpass Service Solutions, the largest independent ATM maintenance and servicing company in the U.S., on Thursday announced a major contract renewal with Colonial Bank Colonial Bank, a subsidiary of Colonial Bancgroup Inc. NYSE: CNB, is headquartered in Montgomery, Alabama. Colonial Bank has 300 branches in the states of Alabama, Georgia, Florida, Nevada and Texas. Its common stock is traded on the NYSE under the symbol CNB. , headquartered in Montgomery, Alabama Montgomery is the capital and second most populous city of the U.S. state of Alabama and the county seat of Montgomery County. Montgomery is notable for its historic involvement during the Civil War, for being the first capital of the Confederacy, and for being a primary site in , and owned and operated by Colonial BancGroup (NYSE NYSE See: New York Stock Exchange :CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) ). Genpass Service Solutions is a subsidiary of Genpass Inc., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , one of the top five ATM drivers in the U.S. and owner and operator of the MoneyMaker(SM) and MONEY BELT(R) EFT networks. This three-year renewal comes almost a year before the current contract expires and just after Genpass Service Solutions announced the renewal of two other longstanding contracts with California Federal Bank California Federal Bank, often abbreviated to "Cal Fed", was a savings and loan bank in California. It existed from 1926 until 2002, when its parent company Golden State Bancorp was acquired by Citigroup, resulting in the bank being merged into Citibank. and Commercial Federal Bank. Genpass Service Solutions has experienced a 20%+ growth in its ATM maintenance and supply business in this past year. Tim Connor, president of Genpass Service Solutions, focuses on why Genpass has been so successful in gaining and keeping new business: "In our highly competitive marketplace, we have learned the value of distinguishing our services by supplying every component of ATM servicing and by following that with consistently good customer service." Colonial BancGroup is a multi-state bank holding company with offices across the South and Southwestern regions. Colonial has a broad line of retail and commercial banking products and cash management services, as well electronic banking services, credit card and merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or . Colonial presently has 240 ATMs in their EFT program serviced by Genpass Service Solutions. The bank is actively expanding its banking and EFT services businesses into new geographic and demographic areas as part of a long-term strategy of sustained growth. Spokesperson Jim Bray Jim Bray (born February 23, 1961) is an actor from Ontario, California. Much of his youth was spent in competitive Artistic roller skating where he won several national titles in Singles and Pairs. , vice president of Electronic Banking Services, talked about why Colonial signed an early contract renewal with Genpass: "Colonial Bank considers developing long-lasting corporate partnerships as one of the driving factors for success in the service business. We feel that Genpass Service Solutions has provided us consistent, high-quality service in the area of ATM hardware maintenance." Bray adds, "With Genpass we receive personal attention directly from the service manager and account representative. This makes it easy to get things done without having to penetrate numerous organizational layers. About Colonial Bank Colonial Bank is a subsidiary of Colonial BancGroup (NYSE: CNB), a multi-state bank holding company headquartered in Montgomery, Alabama. Colonial currently has 261 full-service offices and runs 255 ATMs in Alabama, Florida, Georgia, Tennessee, Texas and Nevada. Colonial Bank has strategically expanded its presence as part of a long-term strategy of sustained, controlled growth. Colonial's assets have grown from $166 million in 1981 to over $13 billion in 2001. In that same period, more than 50 community banks have been acquired and merged into Colonial Bank, integrating them into a structure that contributes to Colonial's community banking philosophy while achieving corporate synergies and efficiencies. Colonial is meeting its long-term goal of establishing a strong banking presence in substantially diverse markets, both geographically and demographically. About GTCR GTCR Glacier Travel and Crevasse Rescue Golder Rauner, LLC, Genpass Inc., and Genpass Service Solutions 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 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. , 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 spanning the country, and in the top 10 networks for annual transactions processed and for switch volume. 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, LLC, 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 virtually every model of ATM hardware. www.GenpassEFT.com |
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