Cardtronics, Inc. (Nasdaq:CATM) has expanded its relationship with Tedeschi Food Shops, a Rockland, Mass.-based convenience store company. The broadened agreement names Cardtronics the exclusive ATM services provider for Tedeschi Food Shops. Cardtronics is the world's largest retail ATM owner.
Growing a Nine-Year Relationship
This agreement builds on a nine-year relationship between Cardtronics and Tedeschi Food Shops, during which Cardtronics has provided ATM processing services for the convenience store chain. With this relationship expansion, Cardtronics will provide a complete equipment refresh, replacing ATMs operated by Tedeschi Food Shops and one other bank vendor with machines owned and operated by Cardtronics, as well as add 56 new locations - for a total of 186 brandable ATMs.
Cardtronics' portfolio of ATMs at Tedeschi Food Shops is immediately available to banks and credit unions interested in elevating brand awareness and surcharge-free account access through Cardtronics' ATM branding programs.
Cardtronics is North America's market leader in ATM branding for financial institutions and prepaid card programs seeking to extend their brands, as well as convenient and fee-free cash access for their cardholders. Across its Principal and Preferred Branding programs, card issuers have cumulatively branded a total of more than 20,000 Cardtronics-owned ATMs.
Bob Tedeschi, executive vice president and treasurer, Tedeschi Food Shops, said:
"We've elected to expand our relationship with Cardtronics and name them our exclusive ATM partner as a cost-effective way for us to manage the daily activity of our ATMs, as well as the cost of keeping a fleet up-to-date with compliance and other technology upgrades. Building on the long-term relationship we've enjoyed with Cardtronics is a smart way to provide a great experience for our customers and capitalize on marketing capabilities we did not previously possess."
Rick Updyke, president of Cardtronics' North America Business Group, said:
"Tedeschi Food Shops has found that partnering with Cardtronics to offer easy access to cash in their stores is a great way to drive traffic and boost merchandise sales. Deepening our relationship will help them enhance their customers' ATM experience in-store, while eliminating the need for them to keep up with maintenance and service concerns for those machines. At the same time, this expanded relationship opens up new branding opportunities for our financial institution clients in prime New England locations."
All Tedeschi Food Shops ATMs participate in Cardtronics' Allpoint Network, America's largest surcharge-free ATM network with 55,000 ATMs in the United States and beyond.
About Tedeschi Food Shops
Established in 1923 in Rockland, Massachusetts, Tedeschi Food Shops, Inc. is one of New England's most trusted family-owned and operated convenience store chains. The company operates 192 convenience store locations throughout Massachusetts and New Hampshire. Tedeschi Food Shops prides itself on providing its customers with a family of quality proprietary brands: TD's Deli and Tedeschi Fresh Foods, Tedeschi Select, and Tedeschi Fuel.
About Cardtronics (Nasdaq:CATM)
Making ATM cash access convenient where people shop, work and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 82,700 retail ATMs in U.S. and international locales. Whether Cardtronics is driving foot traffic for America's most relevant retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access on the local, national or global scene, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
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