Cardtronics Delivers Americans With Disabilities Act Compliance to Colorado's Second Largest Bank
September 20 2011 - 7:30AM
Cardtronics, Inc. (Nasdaq:CATM), the world's largest retail ATM
owner, today announced an ATM managed services agreement with
Lakewood, Colo.-based FirstBank covering the segment of its ATM
network located in King Soopers grocery stores. As part of the
agreement, Cardtronics has implemented all hardware upgrades
necessary to bring the King Soopers portion of the $11
billion-asset bank's ATM network into compliance with revised
"Americans with Disabilities Act" (ADA) regulations set to take
effect in 2012. King Soopers is one of the local brand names
operated by The Kroger Co. (NYSE:KR), the nation's largest
traditional grocery retailer.
Under the terms of the deal, FirstBank retains its ATM placement
relationship with King Soopers, with Cardtronics taking over the
operation and management of FirstBank's King Soopers-located ATMs.
Enabling these FirstBank ATMs to be compliant with revised ADA
regulations taking effect on March 15, 2012, Cardtronics
efficiently executed all necessary upgrades during July to ensure
FirstBank's King Soopers ATMs are accessible to the blind or
visually impaired. In total, the FirstBank-Cardtronics agreement
covers 89 ATMs, all located in King Soopers grocery stores
scattered across Colorado.
"The Americans with Disabilities Act revisions represent a
significant event for financial institutions across the United
States. With the readiness deadline less than six months away,
Cardtronics' ability to efficiently and cost-effectively prepare
FirstBank's King Soopers ATM network for the new ADA regulations
delivers both compliance and peace-of-mind," said Jeff Kaufman,
executive vice president, FirstBank Data Corp. "While some
financial institutions may be considering shrinking their ATM
network to avoid the costs associated with mandated ADA compliance,
our new Cardtronics relationship enables FirstBank to continue
offering customers its conveniently located King Soopers ATMs and
cash access when they need it most."
"With the 2012 ADA deadline quickly approaching, many financial
institutions may encounter both time and financial constraints.
Cardtronics, with its scale and expertise, is in an excellent
position to assist banks and credit unions in achieving timely and
cost-effective compliance," said Rick Updyke, president, U.S.
Business Group, Cardtronics. "In choosing Cardtronics, FirstBank
provides additional validation of our ability to manage financial
institutions' ATM networks."
Revised ADA Regulations
An updated Americans with Disabilities Act, with changes set to
take effect March 15, 2012, mandates that all U.S. ATMs meet ADA
guidelines regarding accessibility to the blind or visually
impaired. Notable among those guidelines: an ATM must have voice
guidance capabilities. Between now and the 2012 deadline, ATMs
currently without speech output capabilities may require technology
upgrades, possibly including whole-unit replacement to achieve
compliance. Foresight, planning and consistent technology
reinvestment has placed Cardtronics in excellent position to meet
these new guidelines in a timely manner.
About FirstBank
Founded in 1963, FirstBank Holding Company, the Lakewood-based
holding company for the largest locally owned banking organization
in Colorado, has grown to over 125 locations and more than $11
billion in assets through consumer and commercial lending,
innovative banking products and services and a high regard for
community investment. In 2010 FirstBank contributed cash donations
totaling more than $4.2 million to hundreds of Colorado nonprofit
organizations across the state.
According to data listed by the Denver Business Journal in its
2010 "Giving Guide," FirstBank's contributions make the bank the
third most charitable corporation and most charitable bank in
Colorado by annual cash donations.
As part of its 2010 charitable efforts, FirstBank partnered with
the Community First Foundation to donate $300,000 to support
Colorado Gives Day, a one-day online initiative aimed at increasing
philanthropy in Colorado. The donation included a $250,000
lead gift to the Colorado Gives Day incentive fund and $50,000 to
help offset credit card and processing fees. The bank's
contribution helped the program raise $8.2 million in 24-hours,
directly benefiting hundreds of nonprofit organizations in
Colorado.
While FirstBank supports a wide variety of organizations in
Colorado, a majority of the bank's community investments support
nonprofit organizations focused on affordable housing, education
and economic development.
About Cardtronics
(Nasdaq:CATM)
Making ATM cash access convenient where people shop, work and
live their lives, Cardtronics is at the convergence of retailers,
financial institutions, prepaid card programs and the customers
they share. Cardtronics owns/operates more than 41,900 retail ATMs
in U.S. and international locales. Whether Cardtronics is driving
foot traffic for America's most relevant retailers, enhancing ATM
brand presence for card issuers or expanding card holders'
surcharge-free cash access on the local, national or global scene,
Cardtronics is convenient access to cash, when and where consumers
need it. Cardtronics is where cash meets commerce.
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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