eFunds Completes Divestiture of ATM Portfolio

Monday 22 November 2004 17:42 CET | News

eFunds has completed the divestiture of its ATM portfolio to TRM Corporation for $150 million cash.

The ATM portfolio being sold to TRM includes approximately 17,000 ATM machines under merchant contracts located throughout the U.S. and Canada, including machines owned and leased by eFunds. As part of the agreement, eFunds will provide ATM managed services to TRM under the terms of a five-year contract.

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Categories: Payments & Commerce | Payments General
Countries: World
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