Friday, May 27, 2011

TRM to enter student loan servicing market - Philadelphia Business Journal:

http://www.todd-bodine.com/rockingham.html
The Cherry Hill, N.J., company said it believese it can cross sell its ATM producta with the new loanprocessing services. Presidenr and CEO Richard Stern said the companyt has hiredKen Buren, the foundee and former president of Rutgers Federall Credit Union, to head the student loan business, whicuh will offer a platform for credit unions and small regional banks to provide private student loans to their membersd and customers. It will be offered through TRM subsidiaryg Accessto Money-SL Inc. as an outsourcedd solution to thesefinancialo institutions.
The system will electronicall y acceptloan applications, gather financiak information, deliver loan documents and certify loans with universitu financial aid offices enabling customers to deliver preliminary approvals of studenr loan applications. TRM (OTCBB:TRMM) is a consumer services company that providesw convenience ATM servicesin high-traffidc consumer environments.

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