STRATEGIC PARTNERS
November 4, 2013
Cardtronics Inc. and Landmark Industries, both based in Houston, have entered a long-term agreement that will make Cardtronics the provider of ATM services for Timewise Food Stores, a chain of convenience stores with high density in Houston and Austin. Cardtronics has also secured expansion rights for future Timewise locations.
Cardtronics will install more than 225 ATMs at Timewise Food Stores, completing the conversion by year-end. All units will be owned and operated by the IAD, according to a news release.
The Timewise ATMs will join Cardtronics' portfolio of brandable units. Currently more than 19,000 machines — nearly a quarter of the company's total fleet — operate under branding agreements.
"We have historically managed our ATM operations in-house and bringing Cardtronics on as our complete ATM services provider will be a very positive move both in terms of benefiting from the latest state of the art equipment, as well as their very fine service," said Bob Duff, a partner in Timewise Food Stores. "Equipment, service and Cardtronics’ proven ability to secure ATM branding partners makes perfect sense for us."
The new machines will be offered under the Cardtronics' recently introduced Preferred Branding program. The program features one principal FI brand on an ATM, but allows for nine additional FIs to place a 2-inch-square logo within a decal panel on the safe door, indicating that the FI offers its customers fee-free transactions on the machine.
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