PONTE VEDRA, Fla. — Global Axcess Corp (OTC BB: GLXS) has signed a five-year contract extension to provide electronic transaction processing and a three-year contract to provide financial institution branding services to Ronald Harman Associates, an independent ATM operator with approximately 130 ATM terminals in the mid-Atlantic states.
According to a news release, Global Axcess' subsidiaries, EFT Integration, Inc. and Nationwide Money Services, Inc., will provide all transaction processing, cash management and branding services for the Harman ATMs with local community banks and credit unions.
Harman ATMs are primarily located in convenience stores and merchant locations.
"The robust platform of services that Global Axcess provides will drive additional traffic to the Harman ATM system, lower Harman's operating overhead and generate incremental revenue to both Harman and Global Axcess," said Robert Colabrese, executive vice president of sales of Global Axcess.
Global Axcess is interested in developing similar opportunities with international ATM operators, Colabrese said.
