Convenience-store retailer 7-Eleven Inc. has extended and expanded its long-term relationship with ATM solutions provider FCTI. Under the terms of the new agreement, FCTI will continue to operate ATMs in 7-Eleven-branded locations, expand its services to Speedway-branded locations, and roll out new retail financial services to 7-Eleven customers.
As of the end of March, Plano, Texas-based FCTI deployed 8,561 ATMs in 7-Eleven c-stores nationwide. The company expects to increase its number of ATM locations from about 8,600 to 11,600 by the end of 2025, it said.
With this expansion, FCTI plans to test and introduce a variety of new services that will improve convenience for 7-Eleven customers and its ATM users.
Wayne Malone, president of FCTI, said he “look[s] forward to leveraging the wealth of expertise at our parent Seven Bank to continue delivering best-in-class service to 7-Eleven and its customers for years to come.”
Seven Bank Ltd. is a subsidiary of 7-Eleven Inc.’s parent company Seven & i Holdings Co. Ltd., Tokyo.
“7-Eleven is pleased to renew and expand our longstanding relationship with FCTI. We are very excited to work with the new leadership team at FCTI to deliver best-in-class ATM Services, with new state-of-the-art ATM hardware, while exploring new and innovative financial services that meet the needs of our customers,” said David Seltzer, CFO of 7-Eleven.
- 7-Eleven is No. 1 on CSP’s 2024 Top 40 Update to the 2023 Top 202 ranking of U.S. c-store chains by store count. Watch for the full 2024 Top 202 ranking in the June issue of CSP magazine and in CSP Daily News.
Based in Irving, Texas, 7-Eleven Inc. operates, franchises or licenses more than 83,000 convenience stores in 19 countries and regions, including more than 13,000 7-Eleven convenience stores in the United States and Canada. In addition to 7-Eleven c-stores, the company operates and franchises Speedway and Stripes c-stores and the Laredo Taco Company, Speedy Cafe and Raise the Roost Chicken and Biscuits restaurant brands.
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