Cash Systems, Fidelity Bank ink vault cash deal

Cash Systems, Fidelity Bank ink vault cash deal
Tags: Bank / Credit Union, North America, Other, Vault Cash / Cash Management
December 11, 2006

LAS VEGAS - Cash Systems Inc., provider of cash access solutions for the gaming industry, announced Dec. 11 that it has signed a vault cash deal with Fidelity Bank.

According to a news release, the two-year agreement includes additional one-year option renewals.

"As we continue to position the company for future growth and profitability, we have taken a number of steps to better control our operating costs as our business scales. We are very pleased to be signing this agreement as it is expected to reduce the cost of vault or ATM cash by approximately 200 basis points, or 20 percent, compared to our existing agreement," said Michael Rumbolz, Cash Systems chairman and chief executive.