Technology/Services

Cardtronics Provides ATM Services for Savings Oil

Deal covers 47 convenience store locations
HOUSTON -- Cardtronics Inc. and Savings Oil Co. have reached a multi-year agreement to provide ATM services to customers of Savings Oil's convenience stores. Under terms of the agreement, which covers 47 locations, Savings Oil will own the ATM equipment while Cardtronics will provide ATM management services. Cardtronics will operate the ATMs through its own high-availability processing platform and provide ATM managed services across the portfolio.

"Savings Oil strives to provide Superior Customer Satisfaction to our many customers, and providing a convenient, reliable source [image-nocss] of cash is extremely important," said Savings Oil president Henry C. Dodge Jr. "Cardtronics has developed the infrastructure to provide the high-availability ATM service Savings Oil needs for our customers, an infrastructure that we can rely on from a partner we can trust."

"Cardtronics is excited to be working with Savings Oil to bring reliable, readily-available ATM services to Savings Oil's customers," said Brian Archer, Chief Marketing Officer for Cardtronics. "Cardtronics has built the world's largest non-bank ATM network by combining superior service, a robust company-owned processing solution, a nationwide presence, and world-class ATM management capabilities. These traits allow Cardtronics to provide merchants, such as Savings Oil, with a high-quality, single-source solution for all their ATM needs."

Headquartered in Houston, Cardtronics is the world's largest nonbank owner of ATMs. Cardtronics operates more than 33,700 ATMs across its portfolio, with ATMs in every major market in the United States (including the U.S. territories of Puerto Rico and the U.S. Virgin Islands), more than 2,700 ATMs throughout the United Kingdom, and over 2,800 ATMs throughout Mexico. Included in Cardtronics' portfolio are approximately 2,200 multi-function financial services kiosks that, in addition to traditional ATM functions, perform other automated consumer financial services. Major merchant clients include 7-Eleven, Chevron, Costco, CVS/pharmacy, ExxonMobil, Rite Aid, Safeway, Target and Walgreens.Complementing its ATM operations, Cardtronics works with financial institutions of all sizes to provide their customers with convenient cash access and deposit capabilities through ATM branding and surcharge-free programs, with currentlymore than11,700 Cardtronics owned and operated ATMs featuring bank brands. More recently, Cardtronics started offering a managed services solution to retailers and financial institutions that are looking to outsource some or all of the operational aspects associated with operating and maintaining their ATM fleets

Savings Oil is based in Fort Walton Beach, Fla.

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