Paramount Acquires B&B Financial, Founder Tony Braglio Joins Paramount as Director of Business Development
Paramount Management Group announced today it has acquired the assets of B&B Financial Services, a Maryland-based independent ATM deployer. The acquisition adds another 1,500 units to the Paramount network of retail and financial institution ATMs, further expanding their footprint on the East Coast of the United States.
Exit Strategies in Today’s ATM Industry Climate
In the last 10 years the number of IADs have diminished from 418 to 186. But why are IADs leaving and what do you need to know to make the most of your exit? In this article, we talk with Paramount’s Maya Fuentes and Tony Braglio
Paramount Completes Acquisition of First National ATM
Paramount recently announced it has acquired the ATM portfolio operated by New Port Richey, FL-based Amer-E-Com Digital Corporation dba First National ATM. Adding to its long list of profitable partnerships over the last few years, this acquisition increases the company’s footprint by more than 1,000 ATMs in 34 states and the District of Columbia.
White Paper: Exit Strategies in Today’s ATM Industry Climate
The independent ATM industry landscape is changing. Compliance regulations are increasing while transaction volumes are decreasing, yet new technology allows users to do a variety of different types of transactions at the ATM. If you are thinking of selling your business or are looking for capital to grow, take some money out of the business or merely take a step back from day-to-day operations you have options. This white paper from Paramount discusses the possibilities available for selling, as well as other options for IADs that are looking to grow their business.
Paramount Further Expands into the Southeastern US Market with its Acquisition of First Regents Banc Services
Paramount Management Group has acquired First Regents Banc Services and Equipment based in Franklin, TN, This acquisition further solidifies Paramount’s presence in the ATM outsourcing market as well as expands its current retail footprint in the Southeastern United States.
White Paper: The Perils of a Cashless Society
a cashless society is not a good idea. Going cashless would have a negative impact on many segments of society including the poor – millions of unbanked and underbanked, many of whom are minorities that rely on cash. Cash represents the best form of payment to maintain privacy, it is resilient where digital payments are not, and it is an integral part of many cultural practices like tipping and gift giving.
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