Info Touch Press Releases
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September 20, 2005
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September 20, 2005
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September, 2005
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September 16, 2005
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September 15, 2005
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September 15, 2005
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September 14, 2005
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August 30, 2005
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August 30, 2005
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August 30, 2005
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August 30, 2005
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August 29, 2005
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August 29, 2005
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August 4, 2005
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July 21, 2005
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July 21, 2005
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July 21, 2005
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July 20, 2005
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July 20, 2005
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July 19, 2005
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July 14, 2005
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July 14, 2005
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July 14, 2005
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July 13, 2005
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July 12, 2005
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June 2005
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June 1, 2005
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May 16, 2005
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May 10, 2005
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May 10, 2005
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May 10, 2005
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May 4, 2005
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May 3, 2005
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May 2, 2005
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March / April, 2005
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April 27, 2005
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April 26, 2005
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March 29, 2005
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March 28, 2005
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March 3, 2005
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March 3, 2005
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March 3, 2005
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March 2, 2005
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March 2, 2005
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February 25, 2005
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February 24, 2005
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February, 2005
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January 27, 2005
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January 27, 2005
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January 25, 2005
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January 25, 2005
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January 24, 2005
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January 19, 2005
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January 18, 2005
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January 18, 2005
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December 2, 2004
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December 2, 2004
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December 2, 2004
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December 2, 2004
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November 8, 2004
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November 3, 2004
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October 5, 2004
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September 27, 2004
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August 25, 2004
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August 25, 2004
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August 19, 2004
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August 15, 2004
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July 23, 2004
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July 1, 2004
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June 1, 2004
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June 1, 2004
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April 7, 2004
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April 7, 2004
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April 6, 2004
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April 5, 2004
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April 1, 2004
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April 1, 2004
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March 31, 2004
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March 25, 2004
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March 24, 2004
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March 23, 2004
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March 22, 2004
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January 21, 2004
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December 31, 2003
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December 22, 2003
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December 8, 2003
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November 13, 2003
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October 29, 2003
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October 28, 2003
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October 28, 2003
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October 23, 2003
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October 22, 2003
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October 22, 2003
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October 22, 2003
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October 21, 2003
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October 20, 2003
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October 17, 2003
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October 16, 2003
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October 15, 2003
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October 14, 2003
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October 8, 2003
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October 1, 2003
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August 21, 2003
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August 15, 2003
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August 14, 2003
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July 29, 2003
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July 23, 2003
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July 17, 2003
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July 10, 2003
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June 26, 2003
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June 20, 2003
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June 18, 2003
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June 12, 2003
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June 11, 2003
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June 1, 2003
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May 23, 2003
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May 22, 2003
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May 21, 2003
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April 7, 2003
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April 3, 2003
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April 2, 2003
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April 1, 2003
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March 31, 2003
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March 28, 2003
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March 20, 2003
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February 28, 2003
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February 27, 2003
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January 29, 2003
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January 22, 2003
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December 19, 2002
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December 18, 2002
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November 25, 2002
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November / December, 2002
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November 15, 2002
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November 6, 2002
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October 18, 2002
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October 17, 2002
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October 17, 2002
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October 15, 2002
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October 15, 2002
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October 1, 2002
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September 23, 2002
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September 19, 2002
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September 17, 2002
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September 17, 2002
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September 16, 2002
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September 16, 2002
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September 10, 2002
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September 4, 2002
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August 26, 2002
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August 23, 2002
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August 22, 2002
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August 21, 2002
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August 20, 2002
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August 20, 2002
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August 19, 2002
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August 19, 2002
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August 12, 2002
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August 9, 2002
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August 9, 2002
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July 19, 2002
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July 3, 2002
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June 18, 2002
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June 11, 2002
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May 27, 2002
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May 24, 2002
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May 24, 2002
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May 9, 2002
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May 1, 2002
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April 18, 2002
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April, 2002
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April 10, 2002
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April 10, 2002
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April 9, 2002
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April 9, 2002
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April 8, 2002
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April 5, 2002
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April 4, 2002
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March 25, 2002
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February 28, 2002
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February 18, 2002
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February 9, 2002
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February 7, 2002
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February 6, 2002
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January 31, 2002
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January 25, 2002
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January 23, 2002
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January 23, 2002
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January 22, 2002
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January 11, 2002
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January 7, 2002
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January 3, 2002
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December 26, 2001
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December 25, 2001
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December 15, 2001
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December 12, 2001
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November 30, 2001
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November 28, 2001
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November 19, 2001
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November 16, 2001
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October 31, 2001
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October 19, 2001
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October 17, 2001
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October 17, 2001
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October 17, 2001
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October 17, 2001
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October 17, 2001
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October 3, 2001
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September 28, 2001
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September 27, 2001
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September 21, 2001
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September 20, 2001
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September 17, 2001
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September 17, 2001
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September 17, 2001
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September 7, 2001
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September 5, 2001
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September 5, 2001
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September 5, 2001
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August 31, 2001
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August 14, 2001
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August 10, 2001
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July 30, 2001
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July 30, 2001
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July 23, 2001
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July 18, 2001
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July 18, 2001
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July 11, 2001
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July 11, 2001
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July 9, 2001
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June 27, 2001
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June 27, 2001
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June 26, 2001
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June 25, 2001
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June 25, 2001
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June 22, 2001
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June 20, 2001
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May/June 2001
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March 28, 2001
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March 13, 2001
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December 25, 2000
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November 1, 2000
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October 31, 2000
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October 10, 2000
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July 15, 2000
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July 7, 2000
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April 4, 2000
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February 15, 2000
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January 25, 2000
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January 18, 2000
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Info Touch Technologies, PDNB sign cash management agreement
Kioskmarketplace • December 2, 2004
BURNABY, British Columbia — Info Touch Technologies Corp. , a leading kiosk software and services solution company, has entered into a number of agreements with Palm Desert National Bank's Electronic Banking Solutions (PDNB-EBS) division to provide cash management services throughout its managed kiosk networks. Info Touch estimates that the outsourcing of this component of the business will reduce cash management service expenses by approximately 35 percent and is expected to have a positive impact on the company’s financials, according to a news release.
Info Touch derives recurring revenues from the deployment and operation of kiosks in partnership with leading C-store retailers such as: Circle K, ExxonMobil and Mac’s/ Couche-Tard. As Info Touch has grown, the complexity of the cash management component if its business has increased significantly.
This initiative ensures the scalability of Info Touch’s financial services business model. PDNB-EBS will be responsible for the efficient collection of cash from Info Touch’s kiosk network as well as the corresponding payments to Info Touch’s service providers. Most importantly, PDNB will finance any working capital needs between optimum collections and reconciliation duties. This will enable Info Touch to focus its financial and human resources towards its core competencies namely bill payment processing and the development of its automated service offerings for the convenience retail industry.
Since 1994, PDNB-EBS has been developing customized solutions for vault cash, cash management, POS/ATM network sponsorship and ACH origination. PDNB-EBS supplies and manages more than $750 million in vault cash and cash management services to more than 13,500 ATMs and advance function kiosks nationwide.
"We are thrilled to partner with PDNB-EBS, the premier provider of cash services for the ATM and kiosk industry", said Hamed Shahbazi, chairman and CEO of Info Touch Technologies. "This agreement places our cash management requirements in the hands of a nationally chartered financial institution and enhances our financial position.
Info Touch now has an experienced partner that can service our growth requirements, assist in reducing our expenses and free up management time to pursue its core objectives of growth and profit."
"Info Touch is a known leader in the kiosk industry and we are pleased to provide our cash management services to this dynamic young company. Info Touch’s dedication to providing quality products and services is consistent with PDNB’s commitment to the industry. We are pleased to be a part of the team and look forward to a positive business relationship," said Sandra Hartfield, president and CEO, PDNB-Electronic Banking Solutions.
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