News

Mount Vernon Money Center signs ATM/kiosk servicing, placement deal with Pantel

August 27, 2009

Colorado Springs, Colo.-based PSI Corp., dba Pantel Systems Inc., has signed an ATM/kiosk placement and servicing deal with Mount Vernon Money Center, a subsidiary of The Egan Group. According to a news release, Pantel will receive vault-cash and armored-car services, 24-hour help desk support and ATM/kiosk installation from Mount Vernon Money Center.

Bob Egan, founder and president of The Egan Group, says the deal with PSI represents an expansion of services for Mount Vernon Money Center:

I see the e-banking kiosk as another step on my journey with The Egan Group in the financial-services world. … The partnership will have a major impact on the kiosk and cash-dispensing business, coupling coupon advertising and remote-banking services in a cost-efficient price structure.

Mount Vernon Money Center, which services more than 8,000 ATMs for banks, credit unions, ISOs and retailers, will service Pantel's Cash Xpress e-banking kiosk — a configurable kiosk that is designed to offer a range of services, including digital advertising, coupon dispensing, ATM services, bill payment, on-demand gift card dispensing and cell phone top-up.

David Foni, chief executive of PSI, says the relationship will give Pantel more time to focus on its core competencies:

PSI Technologies will be able to expand rapidly, as The Egan Group (Mount Vernon Money Center) services will support the implementation of Pantel's Cash Xpress e-banking kiosk, allowing growth and market recognition to build business opportunities.