Cardtronics to Provide ATM Management Services for Kroger
August 02 2010 - 9:00AM
The Kroger Co. (NYSE:KR), one of the nation's largest food and drug
retailers, has entered into a multi-year ATM managed services
agreement with Cardtronics USA, Inc. (Nasdaq:CATM). Cardtronics
will provide comprehensive ATM management services in approximately
800 Kroger grocery and convenience store locations, including ATM
installation, complete cash management, maintenance, customer
service, monitoring, and transaction processing services.
Cardtronics expects to begin managing the Kroger ATMs starting in
the third quarter of 2010.
"Kroger is one of the most respected retailers operating in the
grocery and convenience industry today with a store footprint that
covers much of the nation," said Rick Updyke, Cardtronics'
President of Global Development. "Cardtronics, with its nationwide
presence, is uniquely positioned to provide Kroger with a complete
financial kiosk management solution, thanks to our in-house
transaction processing platform, monitoring and control centers,
and superior customer service capabilities. Cardtronics will also
provide Kroger with opportunities to increase store foot traffic by
including the ATMs in our Allpoint surcharge-free network and by
providing customized ATM bank branding programs. We are proud to
add a premier retailer such as Kroger to the Cardtronics family of
merchant clients."
Kroger Personal Finance offers customers convenient, affordable
personal finance products and services from preferred
providers. "We are very excited to be working with
Cardtronics. Customers today want convenient services that
save them time. Our relationship with Cardtronics helps us make
shopping easier for Kroger customers and we look forward to
Cardtronics' expert management of the ATM services Kroger Personal
Finance provides," said Kathy Kelly, President of Kroger Personal
Finance.
About Cardtronics, Inc.
Headquartered in Houston, Texas, Cardtronics (Nasdaq:CATM) is
the world's largest non-bank owner of ATMs. Cardtronics operates
over 33,700 ATMs across its portfolio, with ATMs in every major
market in the United States (including the U.S. territories of
Puerto Rico and the U.S. Virgin Islands), more than 2,800 ATMs
throughout the United Kingdom, and more than 2,900 ATMs throughout
Mexico. Major merchant clients include 7-Eleven®, Chevron®,
Costco®, CVS®/pharmacy, ExxonMobil®, HESS®, Kroger®, 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 programs, with more than
11,600 Cardtronics owned and operated ATMs featuring bank brands.
Additionally, Cardtronics offers surcharge-free access to cash for
holders of traditional debit cards as well as stored-value cards
issued by financial institutions that participate in the Allpoint
Network, Cardtronics' wholly-owned surcharge-free ATM
network. More recently, Cardtronics started offering a managed
services solution to retailers and financial institutions that are
looking to outsource some or all of the operational aspects
associated with operating and maintaining their ATM fleets. For
more information, please visit www.cardtronics.com.
The Cardtronics logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=991
About The Kroger Co.
Kroger, the nation's largest traditional grocery retailer,
employs more than 334,000 associates who serve customers in 2,470
supermarkets and multi-department stores in 31 states under two
dozen local banner names including Kroger, City Market, Dillons,
Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs
and Smith's. The Company also operates 779 convenience stores, 375
fine jewelry stores, 909 supermarket fuel centers and 40 food
processing plants in the U.S. For more information about Kroger,
please visit www.kroger.com.
CONTACT: Cardtronics, Inc.
Media Contact:
Joel Antonini, VP Marketing
832-308-4131
joel.antonini@cardtronics.com
Investor Contact:
Chris Brewster, CFO
832-308-4828
cbrewster@cardtronics.com
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