Cardtronics Providing ATM Services in Mass Quantities for Costco
Cardtronics (Nasdaq: CATM) today announced that Costco Wholesale (Nasdaq: 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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