Travelex, the world’s largest
retail foreign exchange specialist, has chosen Cardtronics
to be the exclusive ATM managed services provider for all Travelex ATMs
located within the United States. Under the terms of the multi-year
agreement, Cardtronics will provide comprehensive ATM services including
transaction processing, cash management, cash replenishment, monitoring
and maintenance. The ATMs are located in high-traffic locations,
including over one dozen major international airports and a variety of
high-profile retail and business centers.
“Travelex is the most respected name in foreign currency exchange, and
as such, required a partner that could manage its ATM network to the
highest standards and protect the valuable Travelex brand in the
financial self-service space,” stated Rick Updyke, President of Global
Development for Cardtronics. “We at Cardtronics are extremely pleased to
have been chosen by Travelex to provide a complete ATM turnkey
management solution for their high-traffic U.S.-based ATM estate, and we
look forward to many years of service and innovation together.”
“Cardtronics provides a truly unique single-source ATM management
offering backed up by the expertise that only the largest ATM network
owner in the United States can legitimately provide,” said Dan Gilby,
Global Head of Self Service (ATMs). “Our partnership with Cardtronics
will allow Travelex to provide our customers with improved ATM
availability, security and services while saving Travelex time and money
that can be focused on our core business offerings.”
Cardtronics expects to complete the conversion of the Travelex ATM
portfolio over to the Cardtronics platform by the end of the second
quarter of 2010.
About Travelex
Travelex is the world’s largest foreign exchange specialist with over
760 retail branches in more than 26 countries, at key airport, seaport,
rail and tourist locations. Over 40% of travelers – 1.7 billion
passengers a year – pass through airports where Travelex operates
including the major gateways at Amsterdam, Beijing, Frankfurt, Hong
Kong, London, Mumbai, New York, Rome, Paris, Sydney& Tokyo. Every hour,
Travelex provides foreign currency to more than 2,000 customers.
Travelex Online& the Travelex Price Promise
Travelex.co.uk, guarantees the best price, commission-free foreign
currency in the UK. Every day Travelex.co.uk monitors the exchange rates
of the leading Banks, High Street foreign currency providers (Travel
Agencies, The Post Office, M&S) and a basket of other online providers
to ensure we offer customers the best deal. If any provider should
happen to beat us on any of our 60 currencies, we refund the difference.
About Cardtronics
Headquartered in Houston, Texas, Cardtronics (Nasdaq:CATM) is the
world’s largest non-bank owner of ATMs. Cardtronics operates over 33,400
ATMs across its portfolio, with ATMs in every major market in the United
States (including Puerto Rico), over 2,600 ATMs throughout the United
Kingdom, and over 2,600 ATMs throughout Mexico. 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, surcharge-free programs, and image
deposit services. Approximately 11,100 Cardtronics owned and operated
ATMs currently feature bank brands.
