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.
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.
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.
More and more financial institutions are turning to outsourcing to manage their ATMs. In this case study, you’ll learn why the largest medical profession-focused credit union in Connecticut, Healthcare Financial Federal Credit Union, turned to Paramount to expand their ATM services without the hassle of having to manage the day-to-day operations.
ATMs do not just dispense cash; they dispense value way beyond that of the banknotes they distribute. These machines play a pivotal role in disaster recovery, poverty alleviation and social protection. ATMs are the unsung heroes of certain social classes and provide the only access to the financial system for certain groups. Download our free white paper to learn more.
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Customer service is our top priority. We don’t have separate service groups handling large and small merchant accounts. We manage each customer equally, providing the highest level of service offered in the industry. You can reach a skilled customer service representative 24 hours a day, 365 days a year.