News

Moneybox to operate branch ATMs for German bank

August 1, 2004

LONDON - GE Money Bank, a provider of financial products and services in the German consumer banking market, has expanded its current relationship with Moneybox Deutschland; a wholly owned subsidiary of ATM operator Moneybox plc, to provide ATM services within its nationwide branch network.

GE Money Bank, which was formed following the recent acquisitions and subsequent merger of Germany's Service Bank, WKV Bank and Allbank, has 115 branches across Germany, servicing over half a million customers.

"As we develop our GE banking business in Germany, innovative electronic delivery of customer services in the bank branch will be a key part of our customer value proposition," said Robert Law, chief executive of GE Money Bank.

Paul Stanley, chief executive of Moneybox, said, "We have developed a good relationship with GE Money Bank since we entered the German market and are delighted to be increasing the scope of that relationship to include GE Money Bank's branch-based ATMs."