Moneybox secures preferred supplier ATM deal with Compass Group

Monday 4 October 2004 16:42 CET | News

Moneybox has signed a series of agreements with the UK and Ireland division of Compass Group, the worlds largest food services company, to supply and maintain an estate of ATMs within the UK.

Under the terms of the deal, Moneybox will be the preferred supplier of both fully managed and merchant replenished cash machines to Compass in the UK for a five year period. Moneybox will work with Compass to identify viable ATM locations for deployment throughout the Compass Group operating companies, which span 9,000 locations across the UK and include a number of well known brands including Whistlestop, amigo, Harry Ramsdens, Caffè Ritazza and Upper Crust. An initial estimate by Moneybox is that there would be at least 100 suitable sites for ATM deployment during 2005. Additionally, Moneybox has secured a five year preferred supplier deal at Moto, the countrys largest motorway services company. Moneyboxs right to install ATMs at Moto sites will commence on the expiry of Moto’s existing ATM supply agreements. Moneybox anticipates that deployment into these Moto locations will commence by the end of 2006. As a result of entering into these agreements, Moneybox estimates that its net debt position at 31 December 2004 will be increased by £1m.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce

Industry Events