In China the growth prospects are more elusive, though Shaw says the company is "partnering with" Nantian Electronic, a major supplier of devices such as ATMs to the banking industry in China. The firm sources its ATM machines from Korea. ![]() According to the Shaw briefing for prospective iCash investors the company is "working on three major contracts" in Korea. ANZ National, according to iCash, is also a partner in New Zealand. This week, Sydney, Australia-based iCash Payment Systems Ltd. This is 18 months after iCash says its reached agreement with Cashstar, a New Zealand company, to supply 2000 devices, none of which have yet made it to market. The details, including fees, vary depending on your bank. A briefing prepared by Shaw Strockbroking and presented to prospective investors earlier this month noted that iCash was "presenting an ATM solution for the country" to Bank of New Zealand last week. If you’re wondering if you can deposit cash at an ATM, the answer is yes, you can, but not all ATMs accept cash. The Group specialises in the design, manufacture, sale, installation and maintenance of ATMs, switching and software solutions for banks, financial institutions & retail locations such as petrol stations, supermarkets, shopping areas and convenience stores. ATMs with a check scanner are more likely to allow access to the check funds immediately. Select Capital One 360 Checking customers can withdraw money at any cardless ATM with a CashTapp sticker. The iCash Group (iCash) is a vertically integrated ATM payments specialist. However, there are generally limits on how much you can withdraw, if it’s allowed at all. The new funds will support plans to roll out ATM fleets in New Zealand, China and South Korea, all markets where iCash has indicated in the past it was making progress, though actual revenue gains from these plans so far are small. Can I Cash a Check at an ATM Some ATMs will allow you to deposit your check and immediately withdraw those same funds in cash. ![]() The company had cash of $1.9 million at September 2009 and quarterly cash flows statements lodged with the ASX show it is cash flow positive. iCash Payment Systems Ltd yesterday said it raised $4.5 million via a private placement of 90 million shares at five cents a share, and equal to 12 per cent of the issued capital. The Group specialises in the design, manufacture, sale, installation and maintenance of ATMs, switching and software solutions for banks, financial institutions & retail locations such as petrol. A number of high net worth retail investors and also some institutional investors are buying the growth story of automatic teller machine deployer iCash Payments, though the story is proving to be a slippery one.
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