Sharenet pioneered our ATM solutions to fill the growing need for credit unions and small and mid-market financial institutions and their customers to have convenient, surcharge-free access to their accounts. The company was formed in Syracuse, NY in 1994 to serve the needs of a group of ten local credit unions, principally to expand convenient cash access to their members and to reduce the operating cost of their ATMs.
Sharenet has grown since 1994 and is currently leading the way for easy implementation of low-cost ATM products and services with leading credit unions and financial institutions throughout the Mainland United States and Puerto Rico. From acquiring the ATM equipment to the managing and hosting of your ATMs, Sharenet is your “
Sharenet’s ATM Participation product forms an alliance with multiple financial groups. This alliance, together with Sharenet’s services, allows us to provide a turnkey ATM solution that brings low-cost ATM services. Sharenet ATM Participation brings convenient accessibility to prime locations for your members and gives them access to surcharge-free ATMs. Our ATM Complete solution is a comprehensive, all-inclusive, ATM management service designed to free our customers from all operational responsibilities regarding the ATM—from equipment to cash management, processing, maintenance, communications, processing, and compliance. All you need to do is let us know where you want the ATM installed and we handle all the logistics from then on. All of our solutions include an industry-leading Service Level Agreement (SLA), giving you peace of mind that your ATMs will be available to members when they need them.
We understand that credit unions and small to mid-tier financial institutions must keep up with advances in technology in order to attract and keep its customers. To meet the growing demand for advanced functionality at the ATMs, Sharenet has partnered with industry-leading suppliers that allow us to offer our customers with such functionalities as deposit imaging, including checks and cash, amongst others.
In order to further expand our business and gain additional economies of scale, Sharenet became a wholly owned subsidiary of Paramount Management Group during Q1 2018. Paramount owns and operates a network of over 4,000 ATMs throughout the United States and Puerto Rico, offering a variety of ATM solutions to the retail industry. Through our partnership with Paramount, we gained additional experiences in ATM deployments, as well as increased our retail footprint to allow us to expand our branding and ATM sharing solutions