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Buffalo Presentation


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Walgreens ATMs for Credit Unions in Buffalo Area

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Buffalo Presentation

  1. 1. Welcomes Erie & Niagara County Credit Unions Sharenet Representatives : Ray Davis, CEO/President Greg Card, Founder Carlos Perez, Puerto Rico Sales Office Bill Hayden, Syracuse Sales Office
  2. 2. Sharenet - Walgreens in Buffalo <ul><li>20-Walgreens Stores </li></ul><ul><li>Surcharge-free ATMs </li></ul><ul><li>Participating Credit Unions </li></ul><ul><li>Cost & Profit Sharing </li></ul><ul><li>Safe & Secure Locations </li></ul><ul><li>Convenient Member Access </li></ul>
  3. 3. <ul><li>Sharenet was started by credit unions, for credit unions, in 1994 to provide members with greater access to surcharge-free ATMs </li></ul><ul><li>Sharenet has grown over the past fifteen years to around 200 ATMs in NYS and Puerto Rico </li></ul><ul><li>Greg Card is the founder of Sharenet and was inducted into the Credit Union Hall of Fame </li></ul><ul><li>Ray Davis is the CEO/President of Sharenet </li></ul><ul><li>Sharenet-Walgreens ATM Network expands in upstate NY Greater Buffalo & Niagara Falls Area </li></ul>Sharenet History
  4. 4. Phase-1 <ul><li>20 Walgreens stores in Erie & Niagara Counties </li></ul><ul><li>ATM Network to “go live” 4-6 weeks after signing </li></ul><ul><li>More locations to be added as network expands </li></ul><ul><li>More credit unions to be added as we expand </li></ul><ul><li>Surcharge-free for participating CU members </li></ul><ul><li>Target date to “go live” is Jan-Feb 2010 </li></ul>
  5. 5. <ul><li>Surcharge-Free ATM Network </li></ul><ul><li>Credit Unions sponsor 1 or more ATMs to Participate </li></ul><ul><li>Fair & Equitable Business Model </li></ul><ul><li>Participants Sign-up for 36-Month Lease Agreement </li></ul><ul><li>One-time $2,500 Set-up Fee to Sponsor ATMs </li></ul><ul><li>Monthly Cost & Profit Sharing (details at business conference) </li></ul><ul><li>100% of Member Interchange Fees CREDITED BACK to CUs </li></ul><ul><li>Credit Unions do NOT have to purchase ATMs </li></ul><ul><li>Members have surcharge-free access to ALL Sharenet ATMs </li></ul><ul><li>End-to-end ATM solution (including back office support + more) </li></ul><ul><li>Sharenet Leverages Volume Pricing to Reduce Costs </li></ul>Participation Overview
  6. 6. <ul><li>Customer Support Services provided by Sharenet includes: </li></ul><ul><ul><li>1st line Maintenance Service for the ATM machines </li></ul></ul><ul><ul><li>2nd line Maintenance Service for the ATM machines </li></ul></ul><ul><ul><li>Cash Replenishment Service for the ATM machines </li></ul></ul><ul><ul><li>Sharenet provides certified ATM machines </li></ul></ul><ul><ul><li>ATM Switch services provided by Sharenet </li></ul></ul><ul><ul><li>ATM installation and certification services </li></ul></ul><ul><ul><li>Data circuit or communication Services to ATMs </li></ul></ul><ul><ul><li>Network availability regional, national, & worldwide access </li></ul></ul><ul><li>Customer Back Office Support provided by Sharenet includes : </li></ul><ul><ul><li>Daily ATM report retrieval </li></ul></ul><ul><ul><li>Daily data analysis to capture participant ISO activity per terminal, participant, foreign network fees collected, funds disbursed, and settled </li></ul></ul><ul><ul><li>Daily ACH of funds disbursed back to the Customer </li></ul></ul><ul><ul><li>Daily report of funds activity on Sharenet ATMs </li></ul></ul><ul><ul><li>ATM adjustments and charge backs for Sharenet ATMs </li></ul></ul><ul><ul><li>ATM balancing reports emailed to Customer </li></ul></ul><ul><ul><li>Monthly invoicing of net ATM expense allocations </li></ul></ul><ul><ul><li>Monthly net settlement of expense/rebate funds </li></ul></ul><ul><ul><li>Monthly summary reports of Sharenet ATM activity </li></ul></ul>Sharenet Offering Overview
  7. 7. Sharenet Offering Overview <ul><li>ATM Maintenance, Support, & Monitoring </li></ul><ul><ul><li>1st line & 2nd line maintenance provides continual operation for all ATMs. Premier monitoring that will indicate any communication, ATM issues, power failures, or any downtime within minutes 24 hours a day. </li></ul></ul><ul><li>ATM Equipment </li></ul><ul><ul><li>The ATMs are certified units, completely refurbished to like new condition. All electronics are replaced with new components and the software is upgraded. The exterior also refurbished and painted. </li></ul></ul><ul><li>ATM Leasing, Ownership, Sponsoring </li></ul><ul><ul><li>The ATM for cash replenishment is covered as a term lease. Based on the regulations for funding of ATMs for credit unions, Sharenet has created our term lease of the ATM equipment for the credit unions . </li></ul></ul><ul><li> Host-site Locations </li></ul><ul><ul><li>Sharenet has numerous host-site contracts with a variety of market vendors; Walgreens, Kinney Drugs, large/prime convenience stores, local malls, large grocery stores, Kiosk drive ups, and many additional prime retail locations that Sharenet will be signing contracts with in coming months and years. </li></ul></ul>
  8. 8. Sharenet Branding (Wraps)
  9. 9. <ul><li>Insuring ATM & Cash </li></ul><ul><ul><li>Customer is required to maintain insurance at all times during the term of this Agreement with coverage limits for full replacement cost of all cash in the ATMs </li></ul></ul><ul><ul><li>Diebold, Brinks/Loomis maintains insurance at all times for cash deliveries from the bank vault to the ATM. They have coverage limit liability for full replacement cost of all cash that exceeds $100.00 during deliveries </li></ul></ul><ul><li>Cash Replenishment </li></ul><ul><ul><li>Sharenet manages this through our Single Point Settlement account. Sharenet arranges for cash pickup at the bank vault that is then delivered to the ATMs by BrinksLoomis </li></ul></ul>Credit Union Responsibilities
  10. 10. <ul><li>Daily Settlements </li></ul><ul><ul><li>Settlements are processed by Sharenet for all transactions from each ATM on a daily basis except on weekend and bank holidays. All transactions from each ATM are passed to Sharenet's Single Point Settlement account via our processor. Sharenet settles all funds to each credit union's account via ACH on a daily basis. Sharenet provides Daily Settlement Reports with all transaction for that day's settlement which allows the credit unions to balance. </li></ul></ul><ul><li>Audit/Cash Availability: </li></ul><ul><ul><li>Starting ATM Balancing Reports when the cash is deposited onto the ATM. </li></ul></ul><ul><ul><li>Each day all cash that is withdrawn from the ATM is processed into Sharenet's settlement account. Sharenet each day settles each ATM settlement amount back to each credit union via ACH. Sharenet provides an ATM Daily Disbursement Report for each ATM terminal. </li></ul></ul><ul><ul><li>The ATM Daily Disbursement Report allows the credit unions to balance the ATM daily and to identify current available cash balance for each ATM. </li></ul></ul><ul><ul><li>When an ATM is replenished with cash by Brink/Loomis the ATM is balanced by Brinks/Loomis and the remaining cash is returned to the bank vault. Once the cash is at the bank vault the returned cash is deposited into the credit union's account. </li></ul></ul><ul><ul><li>Sharenet provides two reports for the credit unions to reconcile the ATM. </li></ul></ul><ul><ul><ul><li>Terminal Transaction Detail Report </li></ul></ul></ul><ul><ul><ul><li>Terminal Transaction Summary Report </li></ul></ul></ul>Sharenet Offering Overview
  11. 11. Sharenet Offering Overview <ul><li>Single Point Corrections </li></ul><ul><ul><li>Sharenet works with the credit unions to help with adjustments from the card issuers on disputed transactions. </li></ul></ul><ul><li>Reporting Documents </li></ul><ul><ul><li>Daily Settlement (explained above) & monthly network reports are provided by Sharenet via email. Sharenet's monthly reports are sent to the customer with their monthly billing. </li></ul></ul><ul><li>Marketing </li></ul><ul><ul><li>Sharenet provides wallet size ATM locator booklets to all participating credit unions. We have these booklets printed with all addresses of each Sharenet ATM for the credit unions to distribute to their members. </li></ul></ul><ul><ul><li>Credit Union Branding - Sharenet offers optional lighted display boards in each Walgreens location that a credit union may display their logo. Additional charges for the individual credit unions that elect to use this marketing will apply. </li></ul></ul><ul><ul><li>Sharenet also wraps all ATM in the Sharenet logo marketing material that gives the ATM a distinct visually identification for the credit union member's. </li></ul></ul><ul><ul><li>Sharenet's Website promotes all ATM locations & credit unions that participate. </li></ul></ul>
  12. 12. Lighted Window Display Advertising Your Credit Union Name Goes Here! <ul><li>Window Display </li></ul><ul><li>Optional </li></ul><ul><li>Extra </li></ul><ul><li>ATM Sponsor Gets First Option </li></ul><ul><li>Window Display Advertisement </li></ul><ul><li>Advertisement on ATM </li></ul>
  13. 13. Lighted Window Display Advertising <ul><li>High Traffic </li></ul><ul><li>High Visibility </li></ul><ul><li>At Point Of Sale </li></ul>Advertise to Members & Non-Members !
  14. 14. The Sharenet DIFFERENCE <ul><li>Network for Credit Unions Only – NO Banks </li></ul><ul><li>Prime locations where members live, work & shop </li></ul><ul><li>Private, branded, surcharge-free ATMs </li></ul><ul><li>Cost & profit sharing to drive down costs </li></ul><ul><li>Managed ATM solution w/ complete back-office support </li></ul><ul><li>ATM Complete Program (available on request)* </li></ul><ul><li>Walgreens locations in upstate NY & Puerto Rico </li></ul><ul><li>Additional Walgreens locations coming soon </li></ul><ul><li>More prime retail locations added as network expands </li></ul><ul><li>More credit unions participating as network expands </li></ul>
  15. 15. Benefits <ul><li>Cost sharing </li></ul><ul><li>Profit sharing </li></ul><ul><li>End-to-end ATM management </li></ul><ul><li>Increase ATM footprint instantly </li></ul><ul><li>Surcharge-FREE ATM’s for CU members </li></ul><ul><li>Advantage to compete against Banks </li></ul>
  16. 16. Business Conference : Early December in Buffalo Area Continental Breakfast-Style Presentation 10am – 12noon Time & Place TBD (Dec 8 th or 9 th ?) Sign-up to attend!