Cardtronics Mexico Helping Banorte Give Its Customers Mexico's Largest ATM Network
March 31 2011 - 12:51PM
Cardtronics, Inc. (Nasdaq:CATM), the world's largest retail ATM
owner, today announced an agreement between Cardtronics Mexico and
Grupo Financiero Banorte that will result in the Banorte brand
prominently appearing on up to 2,000 Cardtronics Mexico-owned and
operated ATMs located in Latin America's largest convenience store
chain, OXXO. As a result of its strategic ATM relationship with
Cardtronics Mexico, Banorte — Mexico's third-largest financial
institution by deposits and loans — will provide its customers with
Mexico's largest ATM network, complete with ubiquitous fee-free
access to their cash. Cardtronics Mexico is a majority-owned
subsidiary of Cardtronics, Inc.
In addition to offering its customers more than 1,300 nationwide
banking offices in Mexico, a Banorte ATM footprint – enhanced by
Cardtronics Mexico-owned machines in up to 2,000 OXXO locations –
creates a Banorte-branded network of more than 7,000 ATMs in
Mexico. The Banorte-branding of these Cardtronics Mexico-owned ATMs
has already begun, with up to 2,000 machines targeted to feature
the Banorte brand by early 2012.
"Cardtronics Mexico's status as the largest non-bank ATM owner
in Mexico plays a key role in helping Banorte build the nation's
largest fee-free ATM network in short-order," said Scott Abogado,
general manager, Cardtronics Mexico. "In addition to becoming the
quantity leader in ATM locations, Banorte aligned with Cardtronics
Mexico with the goal of complementing its bank-owned network with
the most important retail locations for Banorte-branded ATMs. Given
Cardtronics Mexico's premiere ATM placements in OXXO convenience
stores, we're helping Banorte deliver to its customers both
Mexico's largest and most relevant ATM network for fee-free access
to their cash."
As a matter of established bank industry policy in Mexico,
arrangements such as this Banorte-Cardtronics Mexico agreement
require approval from the National Banking and Securities
Commission of Mexico.
About Cardtronics, Inc.
Cardtronics (Nasdaq:CATM) is the world's largest non-bank owner
of ATMs. The Company, through its subsidiaries, operates over
34,000 ATMs 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 11,900
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
Cardtronics and Allpoint are registered
trademarks of Cardtronics, Inc.
CONTACT: Cardtronics - Media
Nick Pappathopoulos
Director - Public Relations
832-308-4396
npappathopoulos@cardtronics.com
Cardtronics - Investors
Chris Brewster
Chief Financial Officer
832-308-4128
cbrewster@cardtronics.com
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