17 January 2017
visit http://www.wolterskluwerfs.com

ATM-management firm Sharenet purchases Express Teller Services

26 August 2014  |  1166 views  |  0 Source: Sharenet

Sharenet, a full-service provider of ATM services for financial institutions, has purchased Phoenix, AZ-based Express Teller Services.

The acquisition will allow the Syracuse, NY-based company to expand its business and provide services to credit unions and community banks on the West Coast.

"We wanted to find talented, experienced individuals within the marketplace that would allow us to expand our reach to the West Coast and, more importantly, give credit unions and community banks easier access to our services," says Ray Davis, Sharenet CEO.

Sharenet provides banks and credit unions with turn-key ATM management services for their off-premise and branch needs. Sharenet's products and services — including a full-service outsourcing program, a surcharge-free ATM network and a branding program — alleviate the operational and regulatory headaches involved with managing ATMs.

"Our goal was to align with a financial institution-focused company that understands the evolving U.S. ATM industry, the complex regulatory requirements involved in operating ATMs, and the challenges and potential for growth," says Josh Ettesvold, president and founder of Express Teller Services.

As the industry changes, we felt Sharenet was complimentary to Express Teller Services and would allow us to better serve our customers," says Ettesvold, who will join Sharenet's leadership team. "In addition, our customers will receive better pricing on transactions, equipment, supplies and services because Sharenet's extensive network of customers gives the company collective buying power which they pass on in the form of lower prices."

"Josh and his team at Express Teller Services have exceeded our expectations," says Davis. "We look forward to what the future holds." 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit wavestone.co.ukVisit capgemini.com

Top topics

Most viewed Most shared
Five fintech surprises for 2017Five fintech surprises for 2017
14996 views comments | 51 tweets | 46 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
11649 views comments | 35 tweets | 28 linkedin
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
9374 views comments | 65 tweets | 68 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
8820 views comments | 30 tweets | 42 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
7701 views comments | 36 tweets | 26 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job