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Cardtronics chosen to manage Travelex's U.S. ATM network

April 7, 2010

Cardtronics announced today that Travelex, the world's largest retail foreign exchange specialist, has chosen it to be the exclusive ATM managed-services provider for all Travelex ATMs in the United States.
 
Under the terms of the multiyear agreement, Cardtronics will provide comprehensive ATM services, including transaction processing, cash management, cash replenishment, monitoring and maintenance. The ATMs are located in high-traffic locations, including more than a dozen major international airports and a variety of high-profile retail and business centers, according to a Cardtronis statement.

"Travelex is the most respected name in foreign currency exchange, and as such, required a partner that could manage its ATM network to the highest standards and protect the valuable Travelex brand in the financial self-service space," said Rick Updyke, president of global development for Cardtronics. "We at Cardtronics are extremely pleased to have been chosen by Travelex to provide a complete ATM turnkey management solution for their high-traffic U.S.-based ATM estate, and we look forward to many years of service and innovation together."

Cardtronics says it expects to complete the conversion of the Travelex ATM portfolio over to the Cardtronics platform by the end of the second quarter of 2010.

"Cardtronics provides a truly unique single-source ATM management offering backed up by the expertise that only the largest ATM network owner in the United States can legitimately provide," said Dan Gilby, global gead of self service (ATMs). "Our partnership with Cardtronics will allow Travelex to provide our customers with improved ATM availability, security and services while saving Travelex time and money that can be focused on our core business offerings."

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