Over 10,000 ATMs now funded through Cash Connect’s ATM Vault Cash program

FOR IMMEDIATE RELEASE Media Contact: David Crossan
September 1, 2009 (302) 283-4153
crossand@cash-connect.com

Reputation for service and value has fueled growth. says John Clatworthy, SVP of Client Services

Newark, Del.— Cash Connect, a division of WSFS Bank (NASDAQ: WSFS), is now funding over 10,000 ATMs through their ATM Vault Cash program as a growing number of ISOs are turning to Cash Connect for vault cash, courier management, and cash forecasting services.

“This is an important milestone” said Tom Stevenson, President and founder of Cash Connect. “Over the years, we’ve watched companies enter and exit the vault cash business. Strong controls, competitive pricing, and exceptional customer service have helped us remain a reliable and trustworthy partner. We’re grateful to our customers who continue to allow us to serve their needs.”

John Clatworthy, SVP of Client Services for Cash Connect, says it’s Cash Connect’s reputation for outstanding service and value that has driven their growth. “ATM companies can’t afford to spend their time managing vendors so they’re outsourcing to partners with a track record of reliability.”
Mitch Lancaster of ATM USA, a Raleigh, NC based ISO agrees. “We have relied on Cash Connect for many years and they have always exceeded our expectations.” said Lancaster. “Cash Connect’s vault cash program has been incredibly important to the success and growth of our business.”

“In addition to Vault Cash, our armored courier management and cash forecasting services have been well received by the ISO market.” said Clatworthy. “Our economies of scale and experience managing armored couriers are saving our customers a lot of time and money.”

Several years ago, Cash Connect added armored courier management and cash forecasting to their vault cash product, calling the trio “Total Cash Management”. The combination of services has proven to be a perfect fit for ISO’s wishing to optimize their cash and transportation expenses as well as cut down on labor costs.

Market pressures are also causing ISOs who don’t currently use vault cash to focus more of their time and working capital on business development instead of operations and vendor management. That trend has been driving ATM operators to Cash Connect.

Cash Connect began by servicing their parent bank’s branch ATM network of 11 ATMs in 1997. Shortly after the advent of surcharging, a need for ATM vault cash arose and Cash Connect stepped in to fill the void by funding, settling and balancing terminals for the ISO market. They have experienced substantial growth every year since then.

Cash Connect is the leading provider of vault cash, armored courier management, and cash forecasting services in the ATM industry. Cash Connect is a division of WSFS Bank (NASDAQ: WSFS), a $3.6 billion financial services company based in Wilmington, DE. The longest-serving vault cash provider in America, Cash Connect funds over 10,000 ATMs in all 50 states, Puerto Rico, and US Virgin Islands. In 2008, Cash Connect funded its network with over $5.4 billion

For more information, please contact David Crossan at crossand@cash-connect.com .