News

Credit union outsources operation of ATMs to Nationwide Money

October 27, 2004

PONTE VEDRA, Fla. - Nationwide Money Services, a subsidiary of Global Axcess Corp. (OTC Bulletin Board: GLXS - News), has entered into a five-year contract with ADP Federal Credit Union (ADPFCU) to manage and support its existing ATM network.

This contract includes replacing the existing ADP-owned equipment with Nationwide Money-owned ATMs and the outsourcing of all ATM management services to Nationwide Money. ADP Federal Credit Union currently has 10 ATM locations operating in New Jersey, Georgia, New York, and California.

"Our services will provide ADPFCU with operating cost efficiencies and relief from ATM regulatory issues," said Bob Colabrese, Nationwide Money's executive vice president of sales.

Joan Block, chief executive officer of ADP Federal Credit Union, said, "This agreement permits us to focus the expertise and energy of our staff to execute our core business goals of better serving our credit union members."