PSI Corp., dba Pantel Systems Inc., has signed a deal to install its multifunction kiosks, with strategic ATM services provided by MVMC, in Gristede's Inc.'s chain of small supermarkets in New York.
According to a news release, the contract calls for the installation of 26 kiosks during the first quarter of 2010.
The deal marks PSI Corp.'s first integrated venture with MVMC, a subsidiary of The Egan Group — a large security and money management company servicing more than 8,000 ATM locations for banks, credit unions and ISO/retail ATM deployers throughout the tri-state region.
"The ability of MVMC to work in alliance with PSI allows MVMC to offer unique services to our traditional ATM customers," said Bob Egan, president of The Egan Group and MVMC. "I believe this partnership will have a major impact on the kiosk and cash-dispensing business. MVMC provides the all-important money management and security services, while PSI's Pantel kiosks attract new customers through their highly successful coupon-redemption programs, visual ads and other popular consumer services."
MVMC strategic services include vault cash, armored-car service, 24-hour help-desk support and installation services.
PSI's multifunction Pantel kiosks supplement traditional ATMs with multiple consumer point-of-purchase services, including advertising and coupon-dispensing. PSI has contracts to install kiosks in several major supermarket chains, including Met Foods, D'Agostinos, Key Food, and the National Supermarkets Association, operating in New York City as well as New Jersey, Long Island, Westchester and Connecticut. In addition to providing traditional ATM services from MVMC, PSI's Pantel multifunction kiosks can print on-demand coupons, redeem text-messages and loyalty-card coupons, distribute long-distance phone cards and permit select bill-payment features.
"Gristede's premier brand name and choice locations in New York City will continue to increase PSI's recognition among consumers and advertisers," said Eric Kash, chief financial officer of PSI.
