Yorkshire Building Society Taps Bank Machine for ATM Managed Services
February 01 2011 - 9:01AM
Cardtronics, Inc. (Nasdaq:CATM) announced today that its United
Kingdom subsidiary, Bank Machine, has signed a new multi-year deal
with Yorkshire Building Society, a U.K. financial services
institution, to take over the management of Yorkshire's 20 ATMs.
The turn-key ATM managed services agreement includes maintenance
and cash delivery through Bank Machine's in-house cash-in-transit
company, Green Team.
Bank Machine operates over 3,000 ATMs throughout the U.K. with
locations ranging from convenience stores to the world-famous
Selfridges department stores. Retail customers include Asda,
Costcutter, Martin McColl, Punch Taverns, Spar, Tates, and Welcome
Break. Bank Machine provides clients with a full-service ATM
solution, with capabilities covering everything from site selection
to cash delivery.
The Yorkshire Building Society contract is a milestone for Bank
Machine as it represents the company's first in the managed
services sector. The agreement follows the expansion of Green Team
across the U.K. in the summer of 2010, an expansion which has
allowed Bank Machine to provide a true end-to-end ATM management
offering that exceeds the limited services provided by other
vendors.
As one of Britain's largest and most successful building
societies, Yorkshire has 178 of its own branches, supported by a
network of agencies spanning the country. In addition to the 20
ATMs located in its branches today, Yorkshire Building Society has
expressed interest in expanding ATM access to more of its branches,
with any new ATMs to be operated by Bank Machine on the Society's
behalf.
Tony Poolan of Yorkshire Building Society said, "We continually
strive to further improve the standard of service provided by the
Yorkshire to all our customers. We realize and understand that our
customers may require instant access to their savings, and for this
reason we recognize the importance of our ATM presence and service.
With Bank Machine's proven ability to deliver exceptional levels of
customer service, they are ideal partners for the Society."
Ron Delnevo, Managing Director of Bank Machine, added, "Over the
last five years, Bank Machine has developed a particular expertise
in delivering excellent ATM services to Mutual organizations. This
established record has undoubtedly been a factor in giving the
Yorkshire Building Society the confidence to award us this
important contract."
"Bank Machine has been building out its capability to provide
ATM managed services over the last several years, leveraging its
best-in-class infrastructure and capabilities, including Green
Team, to offer a completely turnkey way for banks and building
societies to improve ATM performance while focusing on their core
initiatives," remarked Steve Rathgaber, CEO of Cardtronics. "Ron
and his team have built a unique asset in Bank Machine, an asset
that enhances the overall success of Cardtronics and that is well
positioned to continue to deliver innovative services and strong
results."
About Yorkshire Building Society
Yorkshire Building Society was founded in 1864 and is now the
second largest Building Society in the UK, with 2.8 Million Members
and assets of GBP30 Billion. The Yorkshire was the first Building
Society to commit itself to remaining a Mutual when rival societies
were considering becoming banks. With 178 Branches throughout the
UK, the Yorkshire continues to demonstrate that membership of a
mutual Building Society brings a whole range of important benefits
to investors and borrowers alike. For more information, visit
www.yorkshirebuildingsociety.co.uk.
About Bank Machine
Bank Machine, based in Hatfield, Hertfordshire and a division of
U.S.-based Cardtronics, Inc., launched the independent ATM market
in the UK twelve years ago and now operates over 3,000 cash
machines with locations ranging from Selfridges to convenience
stores. Bank Machine serves over twice as many customers per month
as the UK's next largest ATM operator, and provides Free-To-Use
transactions that account for over 75% of Bank Machine's cash
withdrawals. Bank Machine was also the first ATM operator to
install a network of Free-To-Use GBP5 note-only cash machines, a
network that encompasses nearly 200 machines today and will extend
beyond 300 by the end of March 2011. For additional information
about Bank Machine, visit www.bankmachine.com.
The Bank Machine logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8691
About Cardtronics
Cardtronics (Nasdaq:CATM) is the world's largest non-bank owner
of ATMs and the owner of Bank Machine. The company operates over
34,100 ATMs for its account in the United States, the United
Kingdom, Mexico, and the Caribbean, primarily with well-known
retailers such as 7-Eleven®, Chevron®, Costco®, CVS®/pharmacy,
ExxonMobil®, Hess®, Rite Aid®, Safeway®, Target®, and Walgreens®.
Cardtronics also assists in the operation of over 2,900 ATMs under
managed services contracts with customers such as Kroger®,
Travelex®, and Circle K®. In addition to its retail ATM operations,
the company provides services to large and small banks, credit
unions, and prepaid card issuers allowing them to place their
brands on over 11,700 Cardtronics' ATMs and providing
surcharge-free access through Cardtronics' Allpoint Network. For
more information, visit www.cardtronics.com.
The Cardtronics logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=991
CONTACT: U.K. Media Contact:
Ron Delnevo, Managing Director of Bank Machine
+44 (0) 7973210154
rdelnevo@bankmachine.com
U.S. Media Contact:
Tom Pierce, Chief Marketing Officer
832-308-4111
tpierce@cardtronics.com
Investor Contact:
Chris Brewster, Chief Financial Officer
832-308-4128
cbrewster@cardtronics.com
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