HOUSTON, Oct. 31, 2016 (GLOBE NEWSWIRE) -- Cardtronics (Nasdaq:CATM) and Tops Markets have entered into a new agreement that will make Cardtronics the sole non-bank ATM provider to Tops, a leading full-service grocery retailer in the northeastern U.S. Cardtronics is the world’s largest retail ATM owner / operator.
The new, long-term agreement extends and greatly expands the relationship between the two companies that started in 2002. Previously, Tops self-managed the vast majority of ATMs in its stores, with Cardtronics owning and operating 18 cash machines. Going forward, Cardtronics ATMs will be in 162 company-owned Tops Markets grocery stores, located in New York, Pennsylvania and Vermont.
Tops Markets Executive Vice President of Operations Ron Ferri commented:
“Convenience is the first thing we promise to provide our customers, and Cardtronics is helping us ensure that our customers experience that convenience by giving them easy access to their cash. Based on our numerous years of experience with Cardtronics, we are confident that it can deliver the scale of services needed to cover essentially our entire enterprise.”
Cardtronics Chief Commercial Officer Jonathan Simpson-Dent added:
“A renewal and expansion of this magnitude is a testament to the long-term value that Cardtronics can bring to a leading grocery retailer of the caliber of Tops. We look forward to extending this service to help drive foot traffic throughout the majority of their stores.”
About Tops Markets, LLC
Tops Markets, LLC, is headquartered in Williamsville, NY and operates 176 full-service supermarkets with seven additional by franchisees under the Tops banner. Tops employs over 16,000 associates and is a leading full-service grocery retailer in New York, northern Pennsylvania, western Vermont, and north central Massachusetts. For more information about Tops Markets, visit the company's website at www.topsmarkets.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 provides services to approximately 200,000 ATMs in North America and Europe. Whether Cardtronics is driving foot traffic for North America and Europe's top retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
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