The Student News Site of Tarrant County College

The Collegian

The Student News Site of Tarrant County College

The Collegian

The Student News Site of Tarrant County College

The Collegian

College replaces ATMs

By Colt Langley/reporter

Because of an expired contract with Chase Bank, TCC campuses, excluding Trinity River, will receive new ATMs.

On Oct. 1, Chase ATMs were removed from campuses to be replaced by First American Payment Systems ATMs.

TCC’s director of business services Richard Inman said the new company will view the locations for them, and the new machines should be on campuses in “a week or more.”

TCC’s chief financial officer Mark McClendon said if Chase had wanted to renew the contract, the district would have been happy to do so. But because the deal was not “lucrative” for Chase, the bank decided not to.

Every month, Chase paid the district $500 plus 50 cents per transaction.

The new ATMs will cost students $3 per transaction. Of the $3, the district makes $1.50. The remaining half goes to First American Payment Systems.

McClendon said the district is making some money off the deal but not much.

“We are making something, but we’re more interested in providing the service to students instead of it being a source of revenue,” he said. “We don’t consider this a high revenue.”

McClendon also added that the ATMs get only about 100 transactions a month.

“Usage is not as high as for a mall, for instance,” he said.

 
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