HOUSTON, March 13, 2014 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM), the world's largest retail ATM owner, today announced a licensing agreement with BBVA Compass, providing the bank branding rights to more than 300 ATMs in H-E-B stores across Texas. The move equates to a nearly 50 percent increase of the bank's statewide ATM network, bringing its total to nearly 1,000 machines.
"This agreement provides us an opportunity to deliver convenient banking options for H-E-B shoppers and BBVA Compass customers alike," said Gabriel Palafox, director of multichannel development at BBVA Compass. "Customers want access to their money on their terms. Having bank-branded ATMs in high-traffic locations like H-E-B stores is a great way for us to meet those needs."
The deal provides the bank with potential access to shoppers at more than 300 H-E-B operated stores. Millions of customers visit these Houston, San Antonio, Corpus Christi and Rio Grande Valley locations annually.
The agreement between Cardtronics and BBVA Compass is part of a growing relationship established in 2012. Prior to this H-E-B announcement, BBVA Compass had branded 268 Cardtronics-owned ATMs in convenience and grocery stores throughout Colorado and Texas.
"BBVA Compass' commitment to innovation and its growing presence in Texas made it an attractive branding partner for our fleet of H-E-B-located ATMs," said Rick Updyke, president, Cardtronics' North America Business Group. "We welcome this expanded opportunity to deliver convenient self-service banking access for BBVA Compass' customers and to help grow the bank's brand."
The ATMs located in H-E-B stores in Texas are available for use surcharge-free for BBVA Compass customers and can be easily found using BBVA Compass' branch and ATM locator, available online at http://www.bbvacompass.com/locations and through the bank's mobile banking apps.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 685 branches, including 350 in Texas, 90 in Alabama, 78 in Arizona, 64 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration and was recently awarded the 2013 Celent Model Bank Award for its new core banking platform. Additional information about BBVA Compass can be found at www.bbvacompass.com
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 82,700 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.
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Cardtronics is a registered trademark of Cardtronics, Inc.
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BBVA Compass is a trade name of Compass Bank, Member FDIC