MoneyFlow Subsidiary Sells Debit Terminal (POS) Business

Friday 22 October 2004 11:28 CET | News

MoneyFlow Systems subsidiary, Intercash POS Systems, has completed the sale of the majority of its debit Point of Sale (POS) terminals.

The MoneyFlow Systems has recently been refocusing its business direction and preparing for a greater concentration within its core business areas including the installation, maintenance and management of ATMs and the promotion of its remote access digital video surveillance systems. Under the terms of the transaction, Intercash sold 225 terminal locations to POS West, representing the bulk of the POS operations. A holdback of Cdn $10,185.60 until Intercash confirms the status of certain accounts. This process has virtually been completed. Notwithstanding the sale of the majority of its POS business, Intercash will continue to operate certain of the wireless POS terminals located at corporate sites as these did not form part of the sale.

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

Payments & Commerce