HOUSTON, Nov. 1, 2013 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM) today announced a long-term agreement with Houston-based Landmark Industries — naming Cardtronics the exclusive provider of ATM services for Timewise Food Stores, a leading convenience store chain serving Texans since 1982. The newly formed relationship adds more than 225 company-owned cash machines to Cardtronics' fleet of brand-able ATMs. Cardtronics is the world's largest retail ATM owner.
As part of a long-term relationship, Cardtronics will install and operate more than 225 Cardtronics-owned ATMs at Timewise Food Stores, with high densities of locations in Houston and San Antonio. All Timewise Food Stores locations will be converted to Cardtronics ATM services before end-of-year; Cardtronics also has expansion rights for future Timewise Food Stores locations.
Cardtronics' new portfolio of ATMs is immediately available to financial institutions interested in elevating brand awareness and fee-free account access by way of Cardtronics' ATM Branding program. Serving Texans for more than 30 years, Timewise Food Stores has earned a reputation for fast and friendly service in clean and well-lit stores, featuring quality branded fuel, fresh merchandise and clean restrooms.
Bob Duff, partner, Timewise Food Stores said:
"We are very excited to soon have Cardtronics as our exclusive ATM services provider. We have historically managed our ATM operations in-house and bringing Cardtronics on as our complete ATM services provider will be a very positive move both in terms of benefiting from the latest state of the art equipment, as well as their very fine service. Equipment, service and Cardtronics' proven ability to secure ATM branding partners makes perfect sense for us as we seek to best serve our customers."
Rick Updyke, president of Cardtronics' North America Business Group said:
"Convenience store operators today seek greater efficiencies, a superior customer experience and higher transaction volumes to help drive merchandise sales. As Cardtronics becomes the exclusive provider of ATM services to Timewise Food Stores, we look forward to making life easier for Timewise and their customers, as well as the financial institutions that will take advantage of this new ATM branding opportunity to more conveniently serve their customers."
Expanded ATM Branding Opportunity
As a result of its exclusive retail ATM services relationship with Timewise Food Stores, and in conjunction with the recently launched Preferred Branding option, Cardtronics is able to offer financial institutions and prepaid card programs ATM branding opportunities at more than 225 Timewise Food Stores locations, with particularly strong store densities in Houston and San Antonio.
Cardtronics is North America's market leader in ATM branding and for financial institutions and prepaid card programs seeking to extend their brands, as well as convenient and fee-free cash access to their cardholders. Across its Principal and Preferred Branding programs, card issuers have cumulatively branded a total of 19,000 Cardtronics-owned ATMs.
Principal Branding, for all practical purposes, results in a Cardtronics-owned ATM appearing to be owned and operated by the branding bank or credit union. This is accomplished through some combination of ATM toppers, skins, screens, receipts and outdoor signs all displaying the brand and logo of Cardtronics' ATM branding partner. Principal Branding is available on a one financial institution per ATM basis.
With Preferred Branding, up to nine additional financial institutions can use the same premium retailer location and the same Cardtronics-owned ATM, including locations that already have a Principal Branding partner, to expand fee-free cash access for their accountholders and generate awareness for their bank or credit union. As for how it works, financial institutions have their 2×2 inch logo added to the Preferred Branding decal located on the ATM's safe door.
About Timewise Food Stores
Timewise is a 30-year-old convenience store/retail gasoline retailer which blankets Houston and San Antonio with major branded fuel locations on prime traffic corners. The chain of more than 225 locations has achieved a premier reputation in the markets it serves as being a top notch operator of high volume, clean, major-branded, convenience store locations.
About Cardtronics (Nasdaq:CATM)
Making ATM cash access convenient where people shop, work and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 81,200 retail ATMs in U.S. and international locales. Whether Cardtronics is driving foot traffic for America's most relevant retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access on the local, national or global scene, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
|Media Relations||Investor Relations|
|Nick Pappathopoulos||Chris Brewster|
|Director – Public Relations||Chief Financial Officer|
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