TRM Outsources ATM Maintenance

PORTLAND, Ore. – TRM Corp., the large ATM ISO that has been restructuring its operations, said yesterday it has signed with NCR to maintain its 2,500 multi-vendor ATMs in the U.S. which are connected to the credit union-owned CO-OP Financial Services network. The three-year contract includes first- and second-tier maintenance services. TRM, which shed its core copier rental business last year, is in the process of a major restructuring, which has included a move away from in-house servicing. The restructuring has prevented TRM from filing its financial reports with the Securities and Exchange Commission, prompting the Nasdaq to threaten the company with delisting. TRM is appealing the stock market’s delisting notice. TRM owns or operates more than 15,000 ATMs and is the second largest ATM ISO, behind only Cardtronics, which operates more than 25,000 machines.