News

Cardtronics, Info Touch announce hybrid ATM

February 27, 2006

BURNABY, BC - Cardtronics Inc. and Info Touch Technologies Corp. are expected to introduce a hybrid ATM this spring that combines traditional cash dispense with cash acceptance. According to a news release, in addition to making a spring pilot program in select U.S. markets, a total managed solution that includes hardware, software and administration services also will be offered.

This initiative allows merchants to offer a broad range of financial services, without requiring any additional staffing or dedicated floor space beyond what is typically needed for an ATM. A few of the available services include bill payment, wireless phone top-ups, long distance, mobile content and other PIN-based products, gift card purchases, stored-value card dispensing and stored-value card reloading.

"By offering this new hybrid ATM, merchants will be able to better serve and cater to their customer base," said Jack Antonini, Cardtronics' president and chief executive. "The new service offerings will drive enhanced customer loyalty and create a proven recurring revenue stream."

Cardtronics will own and operate the new hybrid ATMs; Info Touch will provide processing services for all services beyond cash dispensing.

All hybrid ATMs will be part of Info Touch's Tio Network and will be branded with Info Touch's "TIO" logo as well as the logos of Cardtronics and the merchant-retailer.