News

FTI acquires Calif. ISO

April 14, 2002

JACKSON, Miss. -- Financial Technologies Inc., a major ATM deployer in the Southeast, has further expanded its market presence by acquiring the assets of Automated Cash Systems (ACS), a Fresno, Calif.-based ATM company.

Tommy Glenn, FTI president, said in a news release that continuing his company's growth through acquisitions will allow FTI to provide a broader group of services for its customers and make it easier to develop new products and services. 

The acquisition of Automated Cash Systems gives FTI more than 3,700 customer contracts nationwide.

Each month, according to the news release, FTI supplies electronic transaction processing service for more than one million ATM transactions and processes more than $45 million in customer funds. 

In the same news release, De Lone Wilson, FTI vice president of sales and distribution, said that ACS customers will find the transition to FTI "seamless."

According to Wilson, former ACS customers will gain access to services such as FTILink, which allows them to monitor ATM transactions on their ATMs in real time, and they will also have the option of receiving new services such as check cashing and prepaid cellular as they become available.