Cardtronics expects to begin managing the Kroger ATMs starting in the third quarter of 2010.
"Kroger is one of the most respected retailers [image-nocss] operating in the grocery and convenience industry today with a store footprint that covers much of the nation," said Rick Updyke, Cardtronics' president of global development. "Cardtronics, with its nationwide presence, is uniquely positioned to provide Kroger with a complete financial kiosk management solution, thanks to our in-house transaction processing platform, monitoring and control centers, and superior customer service capabilities."
He added, "Cardtronics will also provide Kroger with opportunities to increase store foot traffic by including the ATMs in our Allpoint surcharge-free network and by providing customized ATM bank branding programs."
Kroger Personal Finance offers customers convenient, affordable personal finance products and services from preferred providers.
"We are very excited to be working with Cardtronics. Customers today want convenient services that save them time. Our relationship with Cardtronics helps us make shopping easier for Kroger customers and we look forward to Cardtronics' expert management of the ATM services Kroger Personal Finance provides," said Kathy Kelly, president of Kroger Personal Finance.
Headquartered in Houston, Cardtronics is the world's largest nonbank owner of ATMs. It 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 2,800 ATMs throughout the United Kingdom, and more than 2,900 ATMs throughout Mexico. Major merchant clients include 7-Eleven, Chevron, Costco, CVS/pharmacy, ExxonMobil, Hess, Kroger, 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 programs, with more than 11,600 Cardtronics owned and operated ATMs featuring bank brands. Additionally, Cardtronics offers surcharge-free access to cash for holders of traditional debit cards as well as stored-value cards issued by financial institutions that participate in the Allpoint Network, Cardtronics' wholly owned surcharge-free ATM network. 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.
Cincinnati-based Kroger is the nation's largest traditional grocery retailer, with 2,470 supermarkets and multi-department stores in 31 states under two-dozen local banners, including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs and Smith's. The company also operates 779 convenience stores, 375 fine jewelry stores, 909 supermarket fuel centers and 40 food processing plants in the United States.
The company's c-stores are in 16 states: Loaf 'N Jug in Colorado, New Mexico, Nebraska, Montana, North Dakota, Oklahoma, South Dakota and Wyoming; Turkey Hill Minit Markets in Pennsylvania; Tom Thumb Food Stores in Florida and Alabama; Kwik Shop in Illinois, Iowa, Kansas and Nebraska; and Quik Stop Markets in California and Nevada.
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