Allied Irish Banks sells remote ATM network to US-based Brink’s Company
Cash management firm and security firm The Brink’s Company has acquired more than 500 ATMs from Allied Irish Bank (AIB).
AIB will maintain 200 branch-based ATMs
The acquisition encompasses AIB’s non-branch ATMs, which will be covered by Brink’s Point Cash solution. The platform will cover ATM management services, including “predictive” cash management software.
Financial details around the deal have not been disclosed. AIB will maintain 200 branch-based ATMs, as well as 430 cash and cheque lodgement machines, of which 213 can dispense cash.
“Expanding our offerings to include full-service management of ATM networks aligns with our strategic goals. I am confident we will deliver exceptional ATM services in the Republic of Ireland.
“Our priority is to maintain the existing ATM estate and expand access to cash, particularly in underserved and rural communities.
“Most importantly, cardholders with bank accounts in the Republic of Ireland will receive the same level of service without incurring any additional fees or charges when using our ATMs.”
AIB currently applies a charge of 35 cents for cash withdrawals made by non-customers.
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The Brink’s Company is a private security and cash protection company headquartered in Richmond, Virginia. The firm operates around 13,300 armoured vans and trucks.
Allied Irish Bank acquired First Trust Bank as an acquisition and investment to it’s business but not one First Trust Bank customer got l penny of that investment but directors and manager managers got hefty bonuses not a fair deal to people putting hard earned money in that Bank for years!