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ATM advertiser in deals to dispense greater profits

Category: Invoice Factoring — Gary Cain on June 8, 2012

The completion of two major licensing deals has provided a welcome boost to a Scottish ATM advertising firm.

The deals will see Dundee-based company i-design increase its market share, both in the home UK market, and the other side of the Atlantic.

In the UK, Barclays Bank has purchased 1,500 further licenses. This follows a successful earlier deployment of 4,000 ATM and kiosk licenses. The latest deal will see i-design software being introduced in Barclays branches, as well as retail ATMs.

The other deal, which is also for 1,500 licenses, will see software introduced in a number of ATMs in America and Canada. The deal with US firm Cardtronics, will include most 7-Eleven stores in Canada being licensed.

The news comes at a time when other firms are struggling in securing commercial finance in Scotland to move forward. It is far from as easy as popping out to the nearest ATM and punching in your pin.

Many are finding growth possible through securing other forms of funding however. Where existing client invoices are being delayed for example, a growing problem, factoring is providing a viable solution.

At i-design, there is a great confidence the deals will propel the company forward without issue.

Announcing the news, chief executive Ana Stewart said:

“The purchase of additional licences by two of the largest operators of ATMs and ATM-managed services worldwide sees i-design significantly increase licensed ATM numbers in three key territories.

“This once again validates our belief that our marketing solution provides unrivalled technological, customer engagement and commercial advantages.”

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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