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Securevalue achieves cash servicing record of 10,000+ ATMs

CLM increases ATM uptimes due to the fact that a single entity is addressing and resolving common ATM downtime issues. Within over 2.5 years of its inception, Securevalue India Ltd. (SVIL) a Cash Management Services company has achieved the landmark of cash servicing more than 10,000 ATMs across 450 cities in India. The company is focused on transit and management of cash and valuables belonging to Banks, Financial Institutions and Retailers and also provides vaulting services across 17 locations in India.

SVIL under its ATM cash management services does First Line Maintenance (FLM) and Basic Second Line Maintenance (SLM) for its customers' ATMs, both of which when integrated together are offered as Complete Line Maintenance (CLM) services. CLM increases ATM uptimes due to the fact that a single entity is addressing and resolving common ATM downtime issues.

Securevalue's complete line maintenance services benefits ATM deployers such as Banks, Managed Service Providers and WLA Operators (Non-bank entities that intend setting up, owning and operating ATMs). The company also provides cash-in-transit, door-step banking, vaulting, services, cash processing and cash sorting services. Currently, SVIL has 470 cash vans and a growing trained workforce of 2500.

Mr. Vijay Iyer, Director, Securevalue India Ltd. said, "We are extremely happy to have reached this milestone figure. We aim to spread across more locations providing safe and efficient services to our customers. Securevalue aims to provide a superior total service that meets customers' requirements of having cash accessible anytime, anywhere."

Mr. Ravi Goyal, Chairman and Managing Director, AGS Transact Technologies, said, "We are very excited about our achievement and our focus will be on improved level of service quality, with increased network uptime. We will continue to strive to become the preferred partner in cash management services, offering innovative and tailor-made business solutions to our customers."

SVIL is a wholly owned subsidiary of AGS Transact Technologies Ltd (AGSTTL). Established in 2002, AGS TTL has capabilities to create new concepts, provide, customized hardware and software solutions across banking, colours, retail and petroleum sectors. AGS' offerings range from customised ATMs, Point-of-Sale solutions, cash management services, fuel station automation and supply/maintenance of Paint dispensers and shakers. Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem