Cardtronics and Walgreens Extend and Expand ATM Relationship
January 17 2017 - 11:00AM
Cardtronics (Nasdaq:CATM) today announced an extended and expanded
long-term ATM services agreement with Walgreens, one of the
nation's largest drugstore chains.
Walgreens renews
CardtronicsCardtronics currently owns and operates
approximately 6,700 ATMs nationwide in Walgreens and Duane Reade
drugstores. Since establishing the relationship with Walgreens in
2004, Cardtronics has grown its ATM presence in Walgreens
drugstores from fewer than 400 ATMs initially to the current fleet
size, which under the terms of the expanded agreement is scheduled
to increase.
Cardtronics is the largest single provider of ATM
services to the Walgreens family of drugstores, which includes
Duane Reade pharmacies.
Citibank branded ATMs at
WalgreensCiti (NYSE:C), the leading global bank, has
signed a new ATM branding agreement with Cardtronics that will
result in broad market reach as well as surcharge-free ATM access
for Citibank customers at approximately 1,000 Walgreens and Duane
Reade drugstores in key markets, including the New York City and
Chicago metropolitan areas.
Going forward, the Citibank-Cardtronics ATM
branding relationship, established in 2007, will also cover an
additional portfolio of more than 900 retail ATMs placed in other
pharmacy, mass merchandiser, and wholesale club store locations in
Los Angeles, Miami, New York, San Francisco, and Washington, D.C.
Additionally, Citibank cardholders will also have surcharge-free
ATM access, powered by the Allpoint Network, at more than 30,000
ATMs located at many of the same retailers.
Commencing immediately, Cardtronics will begin
outfitting its ATMs with Citibank branding at the aforementioned
retail locations, with project completion expected this spring.
Citibank customers can always find the nearest participating
surcharge-free ATMs using the Citi ATM/Branch locator, which
receives location data updates as new locations are added.
“ATM service is an important convenience for our
customers,” said Moe Alkemade, group vice president and general
merchandise manager for Walgreens. “We are pleased these
agreements mean that millions of payment card users will have
surcharge-free access to ATMs in our stores. It’s another
customer-focused service we’re happy to provide.”
“We are pleased to team up with Cardtronics to
significantly expand fee-free ATM access for our customers at
premier retailers nationwide,” said Will Howle, Head of U.S. Retail
Banking at Citi. “By nearly doubling our network of surcharge-free
ATMs, we’re making it even easier for Citibank customers to meet
their banking needs on the go.”
“Cardtronics has served Walgreens and Citi
independently for the past decade. Now we have the opportunity to
bring these relationships together in a mutually beneficial way,”
said Jonathan Simpson-Dent, Chief Commercial Officer, Cardtronics.
“Cardtronics has become the ATM infrastructure partner for both
organizations and their customers, who demand free and easy cash
access now more than ever.”
About Citi Citi, the leading
global bank, has approximately 200 million customer accounts and
does business in more than 160 countries and jurisdictions. Citi
provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth
management.
About Cardtronics
(Nasdaq:CATM)Making ATM cash access convenient where people shop,
work, and live, Cardtronics is at the convergence of retailers,
financial institutions, prepaid card programs, and the customers
they share. Cardtronics provides services to approximately 225,000
ATMs in North America, Europe, and Asia-Pacific. Whether
Cardtronics is driving foot traffic for top retailers, enhancing
ATM brand presence for card issuers, or expanding card holders'
surcharge-free cash access, Cardtronics is convenient access to
cash, when and where consumers need it. Cardtronics is where cash
meets commerce.
Contact Information:
Media RelationsNick PappathopoulosDirector –
Public Relations832-308-4396npappathopoulos@cardtronics.com |
Investor RelationsPhillip ChinEVP Corporate
Development & Investor Relations 832-308-4975
ir@cardtronics.com |
Cardtronics is a registered trademark of
Cardtronics plc and its subsidiaries
All other trademarks are the property of their
respective owners.
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