News

CASE STUDY: ATM Outsourcing for Financial Institutions

Financial institutions are in the business of loaning money -- not operating unprofitable ATMs. Outsourcing ATM operations to an expert like Momentum Cash Systems, whose core competency is operating ATMs, gives financial institutions an opportunity to reduce capital costs as well as ongoing operating costs. 

March 31, 2004

Financial institutions are in the business of loaning money -- not operating unprofitable ATMs. Outsourcing ATM operations to an expert, whose core competency is operating ATMs, gives financial institutions an opportunity to save capital costs as well as ongoing operating costs.

Momentum Cash Systems is helping financial institutions reduce and possibly eliminate ATM operating costs, reduce the hassle of ATM operations and eliminate the high cost of upgrades or replacements to meet network compliance standards.

Current Scenario
Existing financial institution has concerns about capital costs of ATM upgrades and ATM replacements associated with Triple DES (3DES) and Encrypted Pin Pad (EPP) compliance standards. Two of their four branch ATMs must be replaced; both of their off-premise ATMs must be replaced.

ATMs are expensive to own and operate -- especially for a financial institution with a limited branch network and human capital already stretched to capacity. Momentum is leveraging its expertise and resources to deliver a solution to financial institutions that helps reduce expenses and eliminate unnecessary capital cost while assuming the burden of ATM operations.

Momentum's economies of scale create efficiencies in ATM operations with its extensive infrastructure of management and operations; service and maintenance; and terminal driving and processing.

Momentum Cash Systems is a wholly owned subsidiary of Innovus, Inc., a New Orleans-based company. Innovus, Inc. also operates Columbus Data Services, an ATM processor driving more than 10,000 ATMs; Innovus TK, a provider of turn-key ATM services; and Columbus Field Services, an ATM service and maintenance company.

For more information, please call or email:
 Gary Walston
 Momentum Cash Systems
 713-460-0177 x1018
 gwalston@momentumcash.com