GRG wins US BankTrust contract to replace 51 ATMs
GRG International Ltd (GRG) signed an agreement to replace 51 existing ATMs for BankTrust Financial Group Inc throughout Alabama and parts of Florida on 20 December 2010. Installation of the ATMs will occur over the next 12 months. BankTrust is headquartered in Mobile, Alabama. It is the state’s third largest bank holding company and offers comprehensive banking and financial services through 51 branches in the southern two-thirds of Alabama and northwest Florida.
GRG has worked closely with its regional distributor Financial Equipment and Data Corporation (FEDCorp) to secure the contract.
FEDCorp is a leading provider of ATM sales and services to retailers and financial institutions across the southeast US, particularly Mississippi, Florida, Tennessee and Alabama.
GRG will install the H46N full-function drive-up ATM using an outdoor island style configuration. The H46N ATM is self-contained and completely secure for the demands of drive-up banking. All ATMs sold by GRG are designed to comply 100% with the newly adopted ADA (Americans with Disabilities Act) regulations.
GRG International uses ATMs developed and manufactured by GRG Banking in China. GRG Banking has more than 2000 engineersworking in the research and development team with over 400 dedicated R&D engineers with doctorate, masters and bachelor qualifications.
The company reinvests 6% of all revenues in the world’s largest dedicated R&D centre for ATM technology development.
GRG International has exclusive rights to distribute GRG Banking ATMs in the US, Canada, Australia, UK and Ireland. It has rights to emerging markets such as Mexico and India. The company operates over 600 ATMs in Australia and has key North American relationships to rapidly increase the ATMs in that market. The company also recently announced the acquisition of Sydney based eFunds group.
About GRG International
GRG International is in a partnership between Global Cash Services and GRG Banking of Guangzhou, the largest ATM manufacturer in China.
GRG International was founded to distribute GRG Banking products in the main English-speaking markets. GRG Banking is the largest ATM manufacturer in China, one of the largest ATM suppliers in the Asian region and is listed on the Shenzen Stock Exchange with a $A2.8billion market capitalisation.
The company leverages GRG Banking’s resources to design, develop, manufacture and sell ATMs, ATM management software and spare parts without incurring the associated overheads. GRG International will also sell the comprehensive range of other GRG Banking products such as Recyclers, Teller Cash Dispenser, Automatic Depository and Kiosk products.
GRG International has exclusive rights to distribute GRG ATMs in the United States, Canada, Australia, United Kingdom and Ireland and non exclusive rights to the Mexican, South African and Indian markets.
