Cardtronics and National Lumber & Hardware: an ATM Match Made in Puerto Rico
December 08 2011 - 7:30AM
Cardtronics, Inc. (Nasdaq:CATM), the world's largest retail ATM
owner, today announced a long-term ATM placement agreement in
Puerto Rico with National Lumber & Hardware, covering 38
locations for the home improvement and interior design retailer.
National Lumber & Hardware is a division of Pitusa, the
island's largest Puerto Rico-based retailer.
In a development linked to Cardtronics' newly formed
relationship with National Lumber & Hardware — as well as a
separate ATM branding contract announced in 2010 — Scotiabank will
place its brand on all 38 Cardtronics-owned and operated ATMs
placed in National Lumber & Hardware stores. Including the
National Lumber & Hardware locations, Cardtronics' ATM branding
program has enabled Scotiabank to create convenient surcharge-free
ATM access for its customers at more than 90 well-known
convenience, grocery and home goods stores, and hotel/hospitality
spots in Puerto Rico.
"After observing Cardtronics' demonstrated ability to use its
ATMs to create mutually beneficial connections for retailers,
financial institutions and the people of Puerto Rico, it became
apparent to us that an in-store Cardtronics ATM can create lasting
value for our National Lumber & Hardware division," said Israel
Kopel, president, Pitusa. "In addition to its long-standing
operations in Puerto Rico, Scotiabank has millions of account
holders worldwide that can now seek out National Lumber &
Hardware stores when in need of surcharge-free ATM cash access.
Cardtronics unique network of relationships, including Scotiabank,
were central to Pitusa aligning with the company to provide ATM
access at these National Lumber & Hardware locations."
"As influential as the prospect of Scotiabank branding was in
Cardtronics reaching an agreement with National Lumber &
Hardware, Scotiabank equally values the Pitusa family of retailers'
ability to enhance its brand presence on the island," said Jorge
Fernandez, senior vice president – Latin America region,
Cardtronics. "Pitusa and its affiliated brands, with their supreme
name recognition, are part of the very fabric of Puerto Rico. And
that makes National Lumber & Hardware a logical and
highly-effective choice for Scotiabank to expand convenient
surcharge-free cash access for its customers by way of its
Cardtronics relationship."
About Scotiabank Puerto Rico
Scotiabank de Puerto Rico is a subsidiary of Bank of Nova
Scotia, which has been operating in Puerto Rico since 1910,
providing banking services to all segments of the population with
savings and checking account products, and personal, auto, and
mortgage loans. It is also a bank that provides services to small,
medium and large businesses. With 1,800 employees and a network of
47 branches across the Island, Scotiabank's focus is on providing
first class service to its customers. It is also part of the
Scotiabank Group banking network, one of the most important
financial institutions in North America and the largest Canadian
bank with international standing. The Scotiabank Group and its
affiliates have approximately 70,000 employees and serve
approximately 18.6 million customers in more than 50 countries
around the world. For more information, visit
www.scotiabankpr.com.
About Scotiabank
Scotiabank is one of North America's premier financial
institutions and Canada's most international bank. With more than
70,000 employees, Scotiabank Group and its affiliates serve some
18.6 million customers in more than 50 countries around the world.
Scotiabank offers a broad range of products and services including
personal, commercial, corporate and investment banking. With assets
above $575 billion (as at October 31, 2011), Scotiabank trades on
the Toronto (BNS) and New York Exchanges (BNS). For more
information please visit www.scotiabank.com.
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 52,800 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.
All other trademarks are the property
of their respective owners.
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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