Phoenix Managed Networks Awarded Contract by Cardtronics, Inc. for Secure Payment Transaction Delivery Services
October 19 2010 - 10:30PM
Business Wire
Phoenix Managed Networks, LLC has been awarded a multi-year
agreement by Cardtronics, Inc. (NASDAQ:CATM) to provide mission
critical financial transaction transport services to Cardtronics
and its customers.
Under the terms of the agreement, Phoenix Managed Networks will
deliver ATM and Kiosk transactions to Cardtronics datacenters over
Phoenix Managed Networks’ PCI-certified and encrypted network. ATMs
will have access to the Phoenix Network via 1-8XX dial throughout
the United States. In addition, Phoenix Managed Networks will
provide protocol and communications conversion services for legacy
devices, bringing next-generation technology to Cardtronics’
installed terminal and ATM base.
Phoenix Managed Networks, formerly HBNet, operates the only
fully encrypted payment network in North America and Europe,
providing transaction communications services to financial
institutions, payment acquirers, ISOs and merchants in the United
States, Canada, Europe and the Caribbean. Phoenix will also provide
Cardtronics and its customers with value-added capabilities to
assist in areas such as end-to-end encryption, risk management,
card security and management information and reporting.
“Phoenix Managed Networks offers proven and reliable service
which will allow Cardtronics to continue delivering superior
service across our network while also reducing infrastructure
cost,” said Jerry Garcia, Chief Information Officer at
Cardtronics. “With Phoenix, we are able to support our
processing platforms with detailed transaction reports and
management information.”
Jack McDonnell, CEO, Phoenix Managed Networks, said:
“Phoenix Managed Networks is pleased to work with Cardtronics and
to continue to build upon a solid relationship. With Phoenix
Managed Networks, Cardtronics will leverage the most cost-effective
and state-of-the-art ATM network available to the financial
services industry today.”
About Cardtronics:
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 and in the U.S. territories of Puerto
Rico and the U.S. Virgin Islands, approximately 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.
About Phoenix Managed Networks:
Phoenix Managed Networks, the next generation payment network,
is a global provider of payment communications delivery and support
services, bringing state-of-the-art, reliable and cost-effective
transaction communications services to the payments industry. For
information, please
visit www.phoenixmanagednetworks.com.
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