Moneybox PLC
03 June 2004
London, 3rd June 2004
Moneybox secures contract with Deutsche Bahn for installation of ATMs
Moneybox, the cash machine and payment services business, today announces that
it has signed a contract to provide cash machine services to DB Station &
Service AG, a subsidiary company of Deutsche Bahn AG. The contract enables
Moneybox to install cash machines at German train stations.
Deutsche Bahn operates in excess of 5,400 stations with approximately 2,400
reception halls in Germany. All the major stations offer a variety of
restaurant and retail facilities to both the local commuter and visitors. Over
4,100 million visits are made to German train stations every year.
The first Moneybox cash machines are now live at Deutsche Bahn locations.
Moneybox has been given the approval to co-ordinate the installation of cash
machines at sites already identified as having a strong requirement for an ATM.
Moneybox currently has an estate of around 250 machines in Germany. Other major
Moneybox contracts in Germany include the motorway service station operator,
Tank und Rast, the petrol retailer, Total and a variety of retail groups.
Paul Stanley, Moneybox Chief Executive, said:
'This contract represents a major step forward for our operations in Germany.
It is significant not only in terms of revenue but also in terms of the
increase to the size of the Moneybox estate.'
'We firmly believe that Germany presents us with a major business opportunity,
and we are delighted to be working with Deutsche Bahn. Our experience from
other markets has demonstrated that the installation of ATM machines at train
station locations is an important step in building a profitable business.'
- Ends -
For further information, please contact:
Moneybox plc 020 7452 5400
Paul Stanley, Chief Executive
Merlin 020 7653 6620
Rebecca Penney
Paul Lockstone
Notes to Editors:
The Moneybox Group deploys, manages and maintains cash machines (ATMs) in the
UK, Netherlands and Germany. The Group also operates cashless payment and access
control systems in the UK through its G2 subsidiary, which was acquired in March
2004, when Moneybox floated on AIM.
Moneybox launched its first convenience ATM in June 1999. At 31 December 2003,
Moneybox operated 2,471 ATMs in the UK, 165 ATMs in the Netherlands and 178 ATMs
in Germany. In the UK, Moneybox's cashless payment and access control systems
are used by over 400 customers at more than 1,700 sites.
Moneybox deploys ATMs at points of convenience, with consumers paying a
convenience fee per cash transaction. This enables the ATM to be located in
places that do not attract enough cardholders to support a traditional cash
machine, promoting consumer choice and wider accessibility to their cash.
Virtually every bankcard and credit card is acceptable through Moneybox ATMs as
a result of Moneybox's membership of the LINK network.
The Moneybox ATM estate comprises owned and operated fully managed ATMs,
merchant replenished ATMs and ATMs that are managed on behalf of financial
institutions.
The G2 Group was established in 1991. In August 2002, G2 acquired a majority
holding in Transacsys plc (a company then listed on London Stock Exchange's
Alternative Investment Market (AIM)). Transacsys (formerly known as Girovend)
introduced its cashless payment systems in 1984 and has supplied access control
systems since 1994.
G2 processes ATM, credit and debit card, direct debit, internet and stored value
card transactions. G2 also develops, sells and maintains cashless payment and
access control systems and in 2003 supplied approximately 300,000 smart cards
and 300,000 magnetic stripe cards to the workplace market.
This information is provided by RNS
The company news service from the London Stock Exchange
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