Cardtronics CATM today
announced that Costco Wholesale COST has renewed the company as a key
provider of ATM services in the United States, adding a long-term contract
extension to a relationship established in 2005. The world's largest retail
ATM owner, Cardtronics owns and operates more than 450 ATMs located in Costco
membership warehouses spread across 39 states today, and has expansion rights
for future Costco locations.
Characteristic of the premium, high-traffic retailers that host
Cardtronics-owned ATMs, Costco Wholesale offers compelling opportunity for
banks and credit unions by way of Cardtronics' ATM Branding program. Elevated
brand awareness and enhanced fee-free cash access for account holders—these
are the key reasons 12 financial institutions have already placed their brands
on a portion of Cardtronics' portfolio of Costco-located ATMs. Plus, with the
recent expansion of Cardtronics' ATM branding program to include both
Principal Branding and Preferred Branding, all 450 ATMs are once again
available to interested financial institutions.
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