WILMINGTON, Del., and PORTLAND, Ore., April 5 /PRNewswire/ -- Electronic
Payment Services, Inc. (EPS) announced today that they have been selected by
TRM Corporation (TRM) (Nasdaq: TRMM) as the exclusive provider of ATM
processing services for TRM's ATM division. TRM owns and operates over 31,000
self-service photocopy centers in retail locations in North America and
Europe, and recently formed an ATM division to expand the services they
provide through their retail channels. Last month, TRM announced an exclusive
agreement with The Pantry and Lil' Champ convenience store chain to install
ATMs at up to 1,100 locations. EPS, the nation's leading ATM terminal driver,
drives 33,500 ATMs nationwide, over half of which are dial-up ATMs located
primarily in retail and other remote locations.
Fred Stockton, president and CEO of TRM, remarked, "As we made plans to
build our new ATM Division, we searched for more than just an ATM processor,
we were looking for a strategic partner that could enhance our service
capabilities. EPS has extensive experience in the ATM business, and is a
leader in the area of retail ATM deployment. They've also developed an
installation process that is fast, smooth and on time. We're pleased to be
entering into a strategic partnership with a service provider that shares our
focus on high quality service delivery."
"TRM has exciting plans for retail ATM deployment, and we're delighted to
be a part of those plans," said Steve Dawe, SVP at EPS. "TRM is committed to
being a world-class ATM service provider, and we're committed to deliver high
quality performance and superior processing services that will help them
achieve that."
About TRM Corporation
Headquartered in Portland, Oregon, TRM Corporation (Nasdaq: TRMM) is
recognized as the world's leading provider of convenient self-service
photocopying. The Company owns and regularly maintains over 31,000 TRM Copy
Centers located in independent retailer and multi-site national and regional
retailer locations in 73 metropolitan service areas in the United States,
Canada, the United Kingdom, and France. More information on TRM can be found
on the web at http://www.trm.com.
About Electronic Payment Services, Inc.
Electronic Payment Services, Inc. is a subsidiary of Concord EFS, Inc.
(Nasdaq: CEFT). Headquartered in Wilmington, Delaware, EPS is a leading
electronic funds transfer (EFT) processor in the United States, processing
2.7 billion transactions annually. EPS is the holding company for BUYPASS
Corporation, a major third-party POS processor and debit transaction acquirer;
and MONEY ACCESS SERVICE INC. (MAS), an EFT processor and operator of the
MAC(R) EFT network.
SOURCE Electronic Payment Services, Inc.
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http://www.prnewswire.com/comp/576550.html or fax,
800-758-5804, ext. 576550
CONTACT:
Melinda D. Mercurio, VP, Corporate
Communications of Electronic Payment Services, 302-791-8109, or
mmercurio@neteps.com, or Steve Harrington, Corporate
Communications Manager of TRM, 503-257-8766, or
steveharrington@TRM.com
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