Citibank set to brand more than 1,000 ATMs inkey markets including New York City and Chicago Walgreens locations
Cardtronics currently owns and operates approximately 6,700 ATMs nationwide inWalgreens and Duane Reade drugstores. Since establishing the relationship withWalgreens in 2004, Cardtronics has grown its ATM presence in Walgreensdrugstores from fewer than 400 ATMs initially to the current fleet size, whichunder the terms of the expanded agreement is scheduled to increase.
Cardtronics is the largest single provider of ATM services to the Walgreensfamily of drugstores, which includes Duane Reade pharmacies.
Citibank branded ATMs atWalgreens
Citi (NYSE:C), the leading global bank, has signed a new ATM branding agreement withCardtronics that will result in broad market reach as well as surcharge-freeATM access for Citibank customers at approximately 1,000 Walgreens and DuaneReade drugstores in key markets, including the New York City and Chicagometropolitan areas.
Going forward, the Citibank-Cardtronics ATM branding relationship, establishedin 2007, will also cover an additional portfolio of more than 900 retail ATMsplaced in other pharmacy, mass merchandiser, and wholesale club store locationsin Los Angeles, Miami, New York, San Francisco, and Washington, D.C.Additionally, Citibank cardholders will also have surcharge-free ATM access,powered by the Allpoint Network, at more than 30,000 ATMs located at many ofthe same retailers.
Commencing immediately, Cardtronics will begin outfitting its ATMs withCitibank branding at the aforementioned retail locations, with projectcompletion expected this spring. Citibank customers can always find the nearestparticipating surcharge-free ATMs using the CitiATM/Branch locator, which receives location data updates as new locationsare added.
“ATM service is an important convenience for our customers,” said Moe Alkemade,group vice president and general merchandise manager for Walgreens. “Weare pleased these agreements mean that millions of payment card users will havesurcharge-free access to ATMs in our stores. It’s another customer-focusedservice we’re happy to provide.”
“We are pleased to team up with Cardtronics to significantly expand fee-freeATM access for our customers at premier retailers nationwide,” said Will Howle,Head of U.S. Retail Banking at Citi. “By nearly doubling our network ofsurcharge-free ATMs, we’re making it even easier for Citibank customers to meettheir banking needs on the go.”
“Cardtronics has served Walgreens and Citi independently for the past decade.Now we have the opportunity to bring these relationships together in a mutuallybeneficial way,” said Jonathan Simpson-Dent, Chief Commercial Officer,Cardtronics. “Cardtronics has become the ATM infrastructure partner for bothorganizations and their customers, who demand free and easy cash access nowmore than ever.”
Citi, the leading global bank, has approximately 200 million customer accountsand does business in more than 160 countries and jurisdictions. Citi providesconsumers, corporations, governments and institutions with a broad range offinancial products and services, including consumer banking and credit,corporate and investment banking, securities brokerage, transaction services,and wealth management.
AboutCardtronics (NASDAQ: CATM)
Making ATMcash access convenient where people shop, work, and live, Cardtronics is at theconvergence of retailers, financial institutions, prepaid card programs, andthe customers they share. Cardtronics provides services to approximately225,000 ATMs in North America, Europe, and Asia-Pacific. Whether Cardtronics isdriving foot traffic for top retailers, enhancing ATM brand presence for cardissuers, or expanding card holders’ surcharge-free cash access, Cardtronics isconvenient access to cash, when and where consumers need it. Cardtronics iswhere cash meets commerce.