Genpass Service Solutions and California Federal Bank Agree to Three-Year Service Deal.Business Editors DALLAS--(BUSINESS WIRE)--Jan. 22, 2002 Genpass Service Solutions, the largest independent ATM maintenance and servicing company in the U.S., announced on Tuesday that 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. , an indirect subsidiary of Golden State Bancorp (NYSE NYSE See: New York Stock Exchange :GSB GSB Graduate School of Business (Stanford) GSB Graduate School of Business (Chicago) GSB Government of the Student Body (Iowa State University, Ames, IA) ), has agreed to a three-year extension of its ATM servicing agreement. This marks the third renewal for this major Genpass Service Solutions' customer. Genpass Service Solutions is the ATM maintenance and supply company owned by Genpass Inc., owner and operator of the MoneyMaker(SM) and MONEY BELT(R) EFT networks and one of the top five ATM drivers in the U.S. Genpass Service Solutions is experiencing rapid growth since its purchase by Genpass two years ago. The company has grown more than 20% this past year alone. The renewal of Cal Fed, which owns over 500 ATMs, means that Genpass continues to have a significant base in the Western U.S. while it continues its expansion. Alan Mulder, Senior Vice President of Sales for Genpass Service Solutions, spoke on behalf of Genpass: "We have had a long and mutually helpful relationship with Cal Fed, and we are very pleased to see the confidence they continue to have in us." He went on to say that Cal Fed's ATMs are an important share of the California EFT market and provide a stable base for Genpass to expand in that region. Cal Fed, the second-largest savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. in the U.S., provides a full range of banking services including an expanding EFT program. Spokesperson Bobbi Eddy, Vice President ATM Services, describes why Cal Fed has again selected Genpass: "California Federal Bank considers Genpass one of our strategic partners in ensuring our customers have access to their cash when they want it, where they want it. The range of services that Genpass provides, in addition to the commitments they have made, allows us to rely on them as our primary ATM service provider. We are looking forward to continuing this partnership for the next 3 years." Tim Connor, President of Genpass Service Solutions, explains the success of the Genpass service philosophy this way: "At Genpass, we understand that keeping our customers' loyalty -- along with offering them services that no other major EFT provider does -- is the recipe for our success. That is why we focus on innovation, customized programs, training and service guarantees that exceed our customers' expectations." About California Federal Bank California Federal Bank is a subsidiary of Golden State Bancorp, Inc., a public holding company that trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol GSB. Headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , with approximately $59 billion in assets, California Federal has 356 branches, more than 8,500 employees, and is the second-largest savings and loan in 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. . California Federal Bank provides a full range of banking services, including a variety of savings products and checking accounts, electronic banking, consumer loans, mortgage loans, business banking, and investment products. 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 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. The EFT Data Book (2002 Edition) lists Genpass Technologies as one of the top five ATM drivers in the U.S. with over 20,000 ATMs in all 50 states. 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. http://www.moneymakereft.com |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion