Cardtronics Enables CIBC to Offer Fee-Free ABM Access to Clients at Pioneer
Branding Partnership Delivers for Pioneer as the Petroleum Retailer Names
Cardtronics Its Exclusive ABM Provider
HOUSTON, April 22, 2014 (GLOBE NEWSWIRE) -- Cardtronics Canada, Ltd. and CIBC
(TSX:CM) (NYSE:CM) have formed a new ABM branding relationship, through which
CIBC clients can access their cash fee-free at over 100 retail ABMs at Pioneer
Energy locations throughout Ontario. CIBC is a leading North American
financial institution with $401 billion in assets and nearly 11 million
personal banking and business clients. Pioneer Energy is Canada's third
largest independent fuel retailer by volume, with more than 140
Pioneer-branded locations. Cardtronics Canada is a subsidiary of Cardtronics,
Inc. (Nasdaq:CATM), the world's largest retail ABM owner.
Expanded Retailer Relationship
The newly branded ABMs are part of a growing relationship between Cardtronics
and Pioneer Energy. Cardtronics previously provided ABM processing services
for the petroleum retailer. With the expansion of this relationship,
Cardtronics will become Pioneer's exclusive, full-service ABM provider, with
rights for future Pioneer Energy locations. The company will provide a
complete equipment refresh, replacing ABMs operated by Pioneer Energy with
machines owned and operated by Cardtronics.
Anthony DiMaulo, vice president, Marketing & Merchandising, for Pioneer
"Providing a convenient, fee-free, cash access service is part of Pioneer
Energy's overall commitment to deliver the products and services that our busy
customers want most. Building on our relationship with Cardtronics will help
produce additional value-added services from these machines in a
cost-effective way, and help us to continue to be market leaders in Canada.
The CIBC branding will enhance our customers' experience at these locations.
Pioneer Energy is continually evolving the gas/convenience experience, looking
for optimal solutions that will address everything from the challenges of a
highly competitive market to the increasing demands and opportunities inherent
in satisfying the needs of the time-pressured consumer."
Rick Updyke, president of Cardtronics' North America Business Group, said:
"These agreements in Canada demonstrate the global potential of the bank
branding model Cardtronics has refined in the U.S. for more than a decade. By
connecting CIBC and Pioneer, Cardtronics is helping CIBC provide greater
accessibility for its clients, enabling them to take care of their everyday
banking needs in convenient locations where they're stopping anyway. And in
securing this branding partner fit for Pioneer, we're improving the shopping
experience for Pioneer Energy customers and giving them more reasons to choose
Pioneer locations for their convenience and fuel needs."
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., Canada and additional global 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.
Media Relations Investor Relations
Nick Pappathopoulos Chris Brewster
Director – Public Relations Chief Financial Officer
Cardtronics is a registered trademark of Cardtronics, Inc.
All other trademarks are the property of their respective owners.
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