News

Paramount buys Puerto Rican ATM deployer EZ Payments

June 26, 2019

Paramount Management Group, an ATM and payment solutions provider based in Lancaster, Pennsylvania, has acquired EZ Payments Inc., one of the largest independent ATM deployers in Puerto Rico with a presence in Florida.
 
"By adding EZ Payments and their installed base of local and international retailers to our existing portfolio, Paramount is now uniquely positioned to provide additional services to our retail and financial institution customers," Jorge Fernandez, chief development and marketing officer at Paramount, said in a company press release.

Founded in 2000, by Jose Vargas, the company offers a full suite of ATM processing and turn-key solutions to leading national and international retailers.

"After successfully growing the business for close to 20 years, we felt it was time to hand over the keys of our operation to a larger and well financed organization that could further build on our success and help our customers maximize their income as well as implement newer technology," Vargas said in the release.
 
Paramount acquired Puerto Rico-based ATM Group Corp., one of the territory's largest operators of retail ATMs, in April.