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ATM OUTSOURCING COMPANY
CMS bags Rs 400 cr contract to manage 6,000 HDFC Bank ATMsCMS Info Systems has secured a significant Rs 400 crore order from HDFC Bank. The deal involves managing 6,000 ATMs for the next five years...
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%It is not every day that you see crude oil prices moving higher and the Asian markets, including India, also inching higher. Now, as an inv...
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%If you are putting fresh money into the market, it might be a good idea to stay with companies that don't have much to do with global suppl...
CMS wins Rs 1,000 crore SBI integrated cash solutions contract for 5,000 ATMsState Bank of India has awarded a significant Rs 1000 crore, 10-year contract to CMS Info Systems. This deal covers cash outsourcing for 5,...
CMS Info Systems shares jump 3% as IPPB awards contract for 1,000 ATMsCMS Info Systems share price: CMS Info Systems has secured a key contract from India Post Payments Bank (IPPB) to replace 1,000 ATMs and ca...
CMS Info Systems to set up 3,000 ATMs for SBI by March; to invest Rs 200 crore"CMS has received mandate from SBI for a deployment of 3,000 ATMs. As a part of the term sheet, CMS will select the site, deploy ATMs, prov...
EPS to enter new business lines in digital bankingThe company has partnered with Morocco-based m2m and Dubai-headquartered Ascent Business Group to use their products for these segments, sa...
RBI should lay down criteria for companies handling ATM cash: IBABanks must enforce minimum eligibility standards as part of their Request for Proposal (RFP) process, IBA said in a report submitted to RBI.
Stricter norms for ATM cash handling companies likely: IBARobberies involving cash vans has made the Indian Banks Association come out with minimum eligibility criteria for cash replenishment agenc...
India outsourcing under scanner after $45-mn global ATM heistThe modus operandi included hacking in computer systems of payment processing cos to compromise account details of prepaid card a/c custome...
CX partners may invest Rs 150 crore in Transaction SolutionsCX Partners is negotiating an investment of around Rs 150 cr in Transaction Solutions International, an ATM outsourcing company.
- Private equity firm Actis to invest Rs 200 crore in AGS Transact Technologies
Private equity firm Actis is investing over Rs 200 crore in AGS Transact Technologies, a firm that runs and manages ATMs for banks.
- FIS to deploy, manage 5,500 ATMs of state-owned banks
Under the multi-year agreement, FIS will provide end-to -end outsourcing services including supply, setup and ongoing ATM operation, the Ja...
- Actis to invest Rs 220 cr in ATM outsourcing firm AGS
"Actis, the pan-emerging markets private equity firm, today announced an investment of Rs 220 crore in AGS Transact Technologies Ltd (AGS),...
- ATM companies top small banks in valuation
Although access is free for customers, banks pay each other a transaction fee every time their depositors access ATMs of other banks.
Hit by slow credit offtake and thin margins, banks will outsource 50% ATMs by 2015Banks, which hold the ATM licence, will be only responsible for the cash and its clearing and settlement.
- Banks use outsourcing route to scale up ATM network
Banks are increasingly using the outsourcing route to scale up their ATM networks without wearing out their resources.
- ICICI may spin off ATMs, sales points
ICICI Bank, is looking at setting up a new entity to house its ATMs and point-of sale terminals, which accept credit and debit card payment...
- Banks may pamper you with more ATMs in neighbourhood
You may soon be able to withdraw money or carry out other transactions from an Automated Teller Machine.
- RBI to allow pure white-label ATMs
You will soon find more ATMs at your neighbourhood as banks & outsourced cos team up for a major push.