HOUSTON, June 27, 2012 (GLOBE NEWSWIRE) -- Cardtronics (Nasdaq:CATM) today announced—as part of an ATM branding deal between the bank and Cardtronics Canada, Ltd.—Scotiabank will brand Cardtronics' entire portfolio of 7-Eleven Canada-located ATMs, delivering expanded fee-free ATM access to Scotiabank customers. Scotiabank (NYSE:BNS) (TMX:BNS), with $660 billion in assets, is one of North America's premier financial institutions. Cardtronics Canada, Ltd. is a wholly-owned subsidiary of the world's largest retail ATM owner, Cardtronics, Inc., and 7-Eleven's exclusive ATM service provider in Canada.
With an ATM count surpassing 470 cash machines, Cardtronics' portfolio of 7-Eleven Canada-located ATMs helps Scotiabank expand totally free ATM access by 15 percent in Canada, where Scotiabank will soon offer its customers a total of nearly 3,500 fee-free ATMs. Cardtronics-owned, Scotiabank-branded ATMs provide Scotiabank customers with convenient, fee-free access to cash in 7-Eleven stores located in Alberta, British Columbia, Manitoba, Ontario and Saskatchewan. Complete Scotiabank branding of all 470-plus Cardtronics-owned, 7-Eleven Canada-located ATMs, and with it fee-free access for Scotiabank customers, is expected later this summer.
"To meet the convenience needs of our customers, Scotiabank explores all options for expanding ATM access, at bank branches as well as retail stores that are already part of customers' daily routines," said Troy Wright, executive vice-president, retail distribution, Canadian Banking, Scotiabank. "By establishing this ATM branding relationship with Cardtronics, Scotiabank gives its customers the benefit of fee-free and handily-located ATM access at 7-Eleven, one of the largest convenience store chains in Canada."
Scotiabank also works with Cardtronics to offer its customers expanded ATM access in Puerto Rico, where the bank established an ATM branding relationship with Cardtronics in 2010.
"Similar to 7-Eleven expanding its Cardtronics relationship earlier this year, Scotiabank has chosen to grow internationally with us," said Mike Clinard, president, global services, Cardtronics. "Beyond validating our ability to complement branch ATMs with the convenience of bank-branded ATMs in premier retail locations, Scotiabank endorses Cardtronics' professionalism in representing the Scotiabank brand. Scotiabank customers using these Cardtronics cash machines will benefit from the same strong security measures that are built into all Scotiabank ATMs. And, they gain the convenience of picking up 7-Eleven's iconic Slurpee drink and their cash at the same place."
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 80,000 employees, Scotiabank and its affiliates serve some 19 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets of $660 billion (as at April 30, 2012), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 9,200 7-Eleven® stores in North America. Globally, there are more than 46,800 7-Eleven stores in 16 countries. During 2011, 7-Eleven stores worldwide generated total sales close to $76.6 billion. 7-Eleven has been honored by a number of companies and organizations recently. Accolades include: #2 on Forbes magazine's 2011 list of Top Franchises for the Money; #3 spot on Entrepreneur magazine's Franchise 500 list for 2012, #3 in Forbes magazine's Top 20 Franchises to Start, and #2 in Franchise Times Top 200 Franchise Companies. Hispanic Magazine named 7-Eleven in its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven received the 2010 Retailer of the Year honor from PL Buyer because of the company's private-label brand initiative. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7-Eleven.com.
About Cardtronics (Nasdaq:CATM)
Making ATM cash access convenient where people shop, work and live their lives, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 53,900 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.
The Cardtronics logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=991
Cardtronics, Cardtronics Canada and Allpoint are registered trademarks of Cardtronics, Inc.
All other trademarks are the property of their respective owners.
|Cardtronics — Media||Cardtronics — Investors|
|Nick Pappathopoulos||Chris Brewster|
|Director — Public Relations||Chief Financial Officer|
|Scotiabank — Media||7-Eleven — Media|
|Crystal Jongeward||Margaret Chabris|