Threshold Financial Technologies Inc. Acquires National ATM Operator

Monday 20 December 2004 20:56 CET | News

Threshold Financial Technologies Inc. has announced that it has purchased the assets of Toronto-based eStation Networks Inc., including its wholly-owned subsidiary, E-Cash Services Inc., a national private label ATM (Automated Teller Machine) operator.

The E-Cash network is comprised of approximately 370 full-service turnkey ATMs, deployed into a number of significant Canadian retail locations. Ontario-based Threshold Financial Technologies Inc. provides outsourced transaction switching, ATM management services and turnkey ATM solutions to financial institutions and retailers. Threshold also owns and operates a nationwide private-label ATM network, branded Laser Cash. With the acquisition of E-Cash, Thresholds ATM network will exceed 1400 units, making Threshold one of largest operators of full service ATMs in Canada. We are very excited about this acquisition, said Matthew McIver, President of Threshold Financial Technologies Inc. There is a strong synergy between the E-Cash ATM operation and our existing business. E-Cash clients will benefit from Thresholds financial stability and its extensive experience in providing high quality, full-service ATM solutions. Mr. McIver continued, Acquisitions are a key component of Thresholds growth strategy in the maturing Canadian ATM market.

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Categories: Payments & Commerce | Payments General
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