Grocer’s desire for total ATM coverage expands Cardtronics’ retail ATM network with 100 locations in Mid-Atlantic States today and exclusivity rights for future growth
HOUSTON, Nov. 2, 2011- Cardtronics, Inc. (NASDAQ: CATM), the world's largest retail ATM owner, today announced it has signed an agreement to provide ATM services to North Carolina-based Harris Teeter, a regional chain of supermarkets located primarily in U.S. Mid-Atlantic States. As part of the agreement, Cardtronics has initially installed 100 company-owned and -operated ATMs for Harris Teeter in Florida, Maryland, North Carolina, South Carolina, Tennessee and Virginia. Additionally, the agreement provides Cardtronics the exclusive right to install ATMs in new Harris Teeter stores, as well as to transition all existing non-bank branch cash machines at Harris Teeter stores to Cardtronics’ ATMS, over time.
Prior to establishing a long-term ATM services agreement with Cardtronics, Harris Teeter offered its customers ATM access in more than 90 of its locations, with the cash machines supported by multiple financial institutions and ATM deployers. As part of an initiative to quickly extend ATM access across its entire chain of grocery stores, Harris Teeter selected Cardtronics as its single-source partner to facilitate the rapid expansion into 100 additional locations - while also providing a consistent ATM experience for customers.
All 100 recently installed Cardtronics-owned, Harris Teeter-located ATMs have been folded into Cardtronics’ surcharge-free Allpoint Network and become part of the company’s inventory of brand-able retail ATMs. Cardtronics launched and completed this relationship launch installation project with Harris Teeter within the month of October.
“Cardtronics is well-positioned to support Harris Teeter’s vision of a consistent customer ATM experience across the entire Harris Teeter chain. And our experience, scale and stability enabled Cardtronics to execute the initial ATM rollout schedule within an expedited timeframe,” said Rick Updyke, president, U.S. Business Group, Cardtronics. “Cardtronics’ ATM branding expertise, our Allpoint surcharge-free network, as well as our proven operational excellence can all help drive consumer traffic to a well-respected regional grocer like Harris Teeter - with the benefits to both companies plentiful and compelling.”
About Harris Teeter
Harris Teeter Inc. with headquarters in Matthews, N.C., is a subsidiary of Ruddick Corporation (NYSE:RDK), a Fortune 500 company. Harris Teeter is the 24th largest supermarket in the U.S. with 2010 sales of $4.1 billion. The grocery store chain employs over 23,000 associates and has 205 stores in North and South Carolina, Virginia, Georgia, Tennessee, Maryland, Delaware, Florida and the District of Columbia.
Allpoint is the largest surcharge-free ATM network with over 43,000 ATMs in leading national and regional merchant locations across the United States, Mexico, United Kingdom and Australia. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.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 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.
Cardtronics and Allpoint are registered trademarks of Cardtronics, Inc.
All other trademarks are the property of their respective owners.