PRESS RELEASE
FOR IMMEDIATE RELEASE
DATE: June 1, 1994
HEADLINE: Mobile Automated Teller Terminal Systems (M.A.T.T.S.) debuts at N.O.A.C.
BODY:
Mobile Automated Teller Terminal Systems (M.A.T.T.S.), a Reno,
NV based
company, is announcing the debut of the next generation in mobile
ATM banking
systems. Its official debut will be on June 5th at the 1994 American
Bankers
Association's National Operations and Automation Conference at
the Moscone
Convention Center in San Francisco. Initial response from some
of the largest
financial institutions in the nation has confirmed that many banks
have been
waiting for a well thought out mobile ATM system.
The company was founded by two former bankers. Matthew Boga
and Matthew
Fuller started M.A.T.T.S. after identifying the advantages of
and trend toward
mobile ATM systems within the banking industry. Unlike the early
conversion
units which adapted cargo vans or recreational vehicles, M.A.T.T.S.
has
designed a System from the ground up specifically to address four
major
banking applications: Community Service, Marketing, Fee Revenue
and Disaster
Recovery. Both partners are prior employees of Bank of Hawaii
which has
operated one of the few RV conversion type mobile ATMs for over
three years.
Matthew Fuller was the manager of the ATM group and supervised
the operation
of their mobile ATM. Matthew Boga was a Senior Telecommunications
Analyst for
the bank. In January of this year, with the bank's blessings,
they left the
bank to combine their expertise and integrate the latest in available
technology in order to design and produce the next generation
of mobile ATM
systems. A system which addresses the flaws inherent to the early
converted
units.
Mobile banking is clearly coming of age as more and more financial
institutions look to such systems in order to provide bank access
at temporary
high profile activities and prepare for unforeseen disaster recovery
needs.
Once viewed as a high cost luxury, such systems are now a minor
monthly
expenditure easily justifiable under the combined umbrella of
marketing and
disaster recovery. Some early usage statistics released by banks
utilizing
mobile ATMs have documented revenues exceeding costs and actually
producing a
significant profit in addition to the public goodwill generated
by providing
this community service. At the same time, many senior level bankers
are
beginning to recognize the cost savings associated with utilizing
mobile ATMs
as opposed to installing an increasing number of high cost "brick
and mortar"
ATMs. With this type of "win win" format, it seems mobile
ATM systems are
here to stay and we would like to introduce you to the next generation!
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For more information, please contact:
Matthew Boga, Senior Partner
Phone: (775) 425-5100