Cardtronics to Manage Travelex's U.S. ATM Network
April 08 2010 - 9:00AM
Travelex, the world's largest retail foreign exchange specialist,
has chosen Cardtronics (Nasdaq:CATM) to be the exclusive ATM
managed services provider for all Travelex ATMs located within the
United States. Under the terms of the multi-year agreement,
Cardtronics will provide comprehensive ATM services including
transaction processing, cash management, cash replenishment,
monitoring and maintenance. The ATMs are located in high-traffic
locations, including over one dozen major international airports
and a variety of high-profile retail and business centers.
"Travelex is the most respected name in foreign currency
exchange, and as such, required a partner that could manage its ATM
network to the highest standards and protect the valuable Travelex
brand in the financial self-service space," stated Rick Updyke,
President of Global Development for Cardtronics. "We at Cardtronics
are extremely pleased to have been chosen by Travelex to provide a
complete ATM turnkey management solution for their high-traffic
U.S.-based ATM estate, and we look forward to many years of service
and innovation together."
"Cardtronics provides a truly unique single-source ATM
management offering backed up by the expertise that only the
largest ATM network owner in the United States can legitimately
provide," said Dan Gilby, Global Head of Self Service (ATMs). "Our
partnership with Cardtronics will allow Travelex to provide our
customers with improved ATM availability, security and services
while saving Travelex time and money that can be focused on our
core business offerings."
Cardtronics expects to complete the conversion of the Travelex
ATM portfolio over to the Cardtronics platform by the end of the
second quarter of 2010.
About Travelex
Travelex is the world's largest foreign exchange specialist with
over 760 retail branches in more than 26 countries, at key airport,
seaport, rail and tourist locations. Over 40% of travelers - 1.7
billion passengers a year - pass through airports where Travelex
operates including the major gateways at Amsterdam, Beijing,
Frankfurt, Hong Kong, London, Mumbai, New York, Rome, Paris, Sydney
& Tokyo. Every hour, Travelex provides foreign currency to
more than 2,000 customers.
Travelex Online & the Travelex Price Promise
Travelex.co.uk, guarantees the best price, commission-free
foreign currency in the UK. Every day Travelex.co.uk monitors
the exchange rates of the leading Banks, High Street foreign
currency providers (Travel Agencies, The Post Office, M&S) and
a basket of other online providers to ensure we offer customers the
best deal. If any provider should happen to beat us on any of
our 60 currencies, we refund the difference.
About Cardtronics
Headquartered in Houston, Texas, Cardtronics (Nasdaq:CATM) is
the world's largest non-bank owner of ATMs. Cardtronics operates
over 33,400 ATMs across its portfolio, with ATMs in every major
market in the United States (including Puerto Rico), over 2,600
ATMs throughout the United Kingdom, and over 2,600 ATMs throughout
Mexico. Major merchant clients include 7-Eleven®, Chevron®,
Costco®, CVS®/pharmacy, ExxonMobil®, Rite Aid®, Safeway®, Target®,
and Walgreens®. Complementing its ATM operations, Cardtronics works
with financial institutions of all sizes to provide their customers
with convenient cash access and deposit capabilities through ATM
branding, surcharge-free programs, and image deposit services.
Approximately 11,100 Cardtronics owned and operated ATMs currently
feature bank brands.
The Cardtronics logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=991
CONTACT: Cardtronics, Inc.
Media Contact:
Joel Antonini, VP Marketing
832-308-4131
joel.antonini@cardtronics.com
Investor Contact:
Chris Brewster, CFO
832-308-4128
cbrewster@cardtronics.com
Cardtronics (NASDAQ:CATM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cardtronics (NASDAQ:CATM)
Historical Stock Chart
From Jul 2023 to Jul 2024