News

TRM Corporation forms subsidiary to deliver Internet to ATMs

February 27, 2002

SAN FRANCISCO -- TRM Corporation has formed a subsidiary to deliver a distribution channel to access the Internet, using its existing ATMs initially and eventually rolling out the software to other ATMs worldwide.

The new subsidiary, iATMglobal.net, is headquartered in San Francisco. It will continue TRM's previous work on the development of a Remote Access Application Protocol (RAAP), which will provide the infrastructure for e-tailers to use the ATM as an additional way to sell goods and services.

The new software will transform existing ATMs into Internet ATMs (iATMs), allowing limited and controlled access and functions for users. According to TRM, the terminals will be able to deliver a range of Web-related services, including event and travel ticketing, banking services and affinity program vouchers.

Headquartered in Portland, Ore., TRM Corporation has been providing convenience services to retailers since 1981. The company owns and operates over 35,000 CopyCenters and over 500 ATMs in retail locations in North America and Europe. The company has pending locations for installation of more than 1,000 additional ATMs.