FORT WASHINGTON, Pa. - Genpass Inc., which owns and operates the MoneyMaker electronic funds transfer network, has hired Douglas D. Anderson, former chief executive officer of the MAC network, as president of a new subsidiary, Genpass ATM Solutions.
The subsidiary, which is based in Dallas, helps companies decide where to place their automated teller machines.
Mr. Anderson was among the founders of MAC, the first shared ATM network, which is now owned by Concord EFS. There he worked with Bipin C. Shah, who is now president and chief executive officer of Genpass. In 1994 Mr. Anderson left EPS, then the parent company of MAC, to co-found a new venture, Card Alert Services Inc., a fraud detection company.
Genpass, which recently acquired the Money Belt network, owns and operates what it says is the largest independent ATM servicing and maintenance business in the United States, Genpass Service Solutions.