HOUSTON, Feb. 1, 2011 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM) announced today that its United Kingdom subsidiary, Bank Machine, has signed a new multi-year deal with Yorkshire Building Society, a U.K. financial services institution, to take over the management of Yorkshire's 20 ATMs. The turn-key ATM managed services agreement includes maintenance and cash delivery through Bank Machine's in-house cash-in-transit company, Green Team.
Bank Machine operates over 3,000 ATMs throughout the U.K. with locations ranging from convenience stores to the world-famous Selfridges department stores. Retail customers include Asda, Costcutter, Martin McColl, Punch Taverns, Spar, Tates, and Welcome Break. Bank Machine provides clients with a full-service ATM solution, with capabilities covering everything from site selection to cash delivery.
The Yorkshire Building Society contract is a milestone for Bank Machine as it represents the company's first in the managed services sector. The agreement follows the expansion of Green Team across the U.K. in the summer of 2010, an expansion which has allowed Bank Machine to provide a true end-to-end ATM management offering that exceeds the limited services provided by other vendors.
As one of Britain's largest and most successful building societies, Yorkshire has 178 of its own branches, supported by a network of agencies spanning the country. In addition to the 20 ATMs located in its branches today, Yorkshire Building Society has expressed interest in expanding ATM access to more of its branches, with any new ATMs to be operated by Bank Machine on the Society's behalf.
Tony Poolan of Yorkshire Building Society said, "We continually strive to further improve the standard of service provided by the Yorkshire to all our customers. We realize and understand that our customers may require instant access to their savings, and for this reason we recognize the importance of our ATM presence and service. With Bank Machine's proven ability to deliver exceptional levels of customer service, they are ideal partners for the Society."
Ron Delnevo, Managing Director of Bank Machine, added, "Over the last five years, Bank Machine has developed a particular expertise in delivering excellent ATM services to Mutual organizations. This established record has undoubtedly been a factor in giving the Yorkshire Building Society the confidence to award us this important contract."
"Bank Machine has been building out its capability to provide ATM managed services over the last several years, leveraging its best-in-class infrastructure and capabilities, including Green Team, to offer a completely turnkey way for banks and building societies to improve ATM performance while focusing on their core initiatives," remarked Steve Rathgaber, CEO of Cardtronics. "Ron and his team have built a unique asset in Bank Machine, an asset that enhances the overall success of Cardtronics and that is well positioned to continue to deliver innovative services and strong results."
About Yorkshire Building Society
Yorkshire Building Society was founded in 1864 and is now the second largest Building Society in the UK, with 2.8 Million Members and assets of GBP30 Billion. The Yorkshire was the first Building Society to commit itself to remaining a Mutual when rival societies were considering becoming banks. With 178 Branches throughout the UK, the Yorkshire continues to demonstrate that membership of a mutual Building Society brings a whole range of important benefits to investors and borrowers alike. For more information, visit www.yorkshirebuildingsociety.co.uk.
About Bank Machine
Bank Machine, based in Hatfield, Hertfordshire and a division of U.S.-based Cardtronics, Inc., launched the independent ATM market in the UK twelve years ago and now operates over 3,000 cash machines with locations ranging from Selfridges to convenience stores. Bank Machine serves over twice as many customers per month as the UK's next largest ATM operator, and provides Free-To-Use transactions that account for over 75% of Bank Machine's cash withdrawals. Bank Machine was also the first ATM operator to install a network of Free-To-Use GBP5 note-only cash machines, a network that encompasses nearly 200 machines today and will extend beyond 300 by the end of March 2011. For additional information about Bank Machine, visit www.bankmachine.com.
The Bank Machine logo is available at
About Cardtronics
Cardtronics (Nasdaq:CATM) is the world's largest non-bank owner of ATMs and the owner of Bank Machine. The company operates over 34,100 ATMs for its account in the United States, the United Kingdom, Mexico, and the Caribbean, primarily with well-known retailers such as 7-Eleven®, Chevron®, Costco®, CVS®/pharmacy, ExxonMobil®, Hess®, Rite Aid®, Safeway®, Target®, and Walgreens®. Cardtronics also assists in the operation of over 2,900 ATMs under managed services contracts with customers such as Kroger®, Travelex®, and Circle K®. In addition to its retail ATM operations, the company provides services to large and small banks, credit unions, and prepaid card issuers allowing them to place their brands on over 11,700 Cardtronics' ATMs and providing surcharge-free access through Cardtronics' Allpoint Network. For more information, visit .
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CONTACT: U.K. Media Contact: Ron Delnevo, Managing Director of Bank Machine +44 (0) 7973210154 rdelnevo@bankmachine.com U.S. Media Contact: Tom Pierce, Chief Marketing Officer 832-308-4111 tpierce@cardtronics.com Investor Contact: Chris Brewster, Chief Financial Officer 832-308-4128 cbrewster@cardtronics.com