PSI and Tellagent sign ATM distribution deal

Source: PSI

PSI, operating as Pantel Systems (Pink Sheets: PSCP), a provider of customer facing, public access and self-service systems, today announced it has a multi-year agreement with Tellagent, a Credit Union Services Organization (CUSO) of Paragon Federal Credit Union, to distribute Pantel's E-Banking ATM as well as other financial products and services.

Paragon Federal Credit Union is one of the largest credit unions headquartered in New Jersey with over 62,000 members.

David Foni, Chairman and CEO of PSI Corp., stated, "This contract is a major step for PSI as Tellagent is the right partner for PSI as they have shown a true commitment as an innovator in their Credit Union Industry."

David Gardner, National Director of Sales for Tellagent LLC, a CUSO of Paragon Federal Credit Union, quotes Richard Rays, CEO of Paragon, "We feel the Pantel Systems, Inc.'s E-Banking kiosk has the potential to be a complete solution for credit unions with which they can provide 24 hour services to their members."

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