ADP Federal Credit Union signs with Global Axcess for managed ATM services
28 October 2004 | 347 views | 0
Source: Global Axcess
Global Axcess Corp. (OTC Bulletin Board: GLXS), a rapidly growing independent electronic financial transaction processing company, today announced that its subsidiary, Nationwide Money Services, Inc., has entered into a five-year contract with ADP Federal Credit Union (ADPFCU) to manage and support its existing ATM network. ADP Federal Credit Union, a not-for-profit financial institution, is an employee benefit of New York Stock Exchange-listed Automated Data Processing, Inc.
This contract includes replacing the existing ADP-owned equipment with Nationwide Money-owned ATMs and the outsourcing of all ATM management services to Nationwide Money. ADP Federal Credit Union currently has 10 ATM locations operating in New Jersey, Georgia, New York, and California.
Bob Colabrese, Nationwide Money's Executive Vice President of Sales, said, "We are excited about the opportunity to partner with a leading financial institution the caliber of ADP Federal Credit Union. Our services will provide ADPFCU with operating cost efficiencies and relief from ATM regulatory issues. The depth and breadth of our ATM services will ensure that ADPFCU members have access to leading-edge financial services."
Joan Block, chief executive officer of ADP Federal Credit Union, said, "We are pleased to partner with Nationwide Money Services to more efficiently manage the ATM services that we provide. This agreement permits us to focus the expertise and energy of our staff to execute our core business goals of better serving our credit union members. We look forward to providing our members the state-of-the-art financial services they deserve."