SAN ANTONIO -- Valero Retail Holdings Inc., a division of Valero Energy Corp., has named Cardtronics Inc. the exclusive provider of ATM services for Valero's entire U.S. portfolio of company-operated convenience stores, predominantly branded Valero Corner Stores. The newly formed relationship with Valero adds more than 950 units to Cardtronics' fleet of brandable ATMs and includes expansion rights for future stores.
As part of an exclusive relationship, Cardtronics will install and operate more than 950 new Cardtronics-owned ATMs at Valero Corner Stores located in Arizona, California, Colorado, Louisiana, New Mexico, Oklahoma, Texas and Wyoming. All Valero company-operated stores will be converted to Cardtronics ATM services in the first half of 2012, including the more than 600 stores located in Texas.
Cardtronics' new portfolio of Valero-located ATMs are immediately available to banks and credit unions interested in elevating brand awareness and surcharge-free account access by way of Cardtronics' ATM branding program.
"Valero Corner Stores' reputation for fast, friendly service in clean, well-lit stores meshes perfectly with Cardtronics' criteria for ATM placements," said Rick Updyke, president of Cardtronics' U.S. Business Group. "As a direct result of Cardtronics carefully selecting well-regarded locations such as Valero Corner Stores, our ATMs play an important role in connecting consumers with their financial institutions, creating convenient cash access in destination retail locations."
San Antonio-based Valero Energy, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Its assets include 16 petroleum refineries with a combined throughput capacity of approximately three million barrels per day, 10 ethanol plants with a combined production capacity of 1.2 billion gallons per year and a 50-megawatt wind farm. Approximately 6,800 retail and branded wholesale outlets carry the Valero, Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland.
Houston-based Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 52,800 retail ATMs in U.S. and international locales.