Safeway, one of the largest food and drug retailers in North America, has entered into a multi-year agreement with Cardtronics (NasdaqGM:CATM) under which Cardtronics will provide comprehensive ATM services in approximately 650 Safeway locations.
Under the terms of the agreement, Cardtronics will provide a complete cash management, maintenance, customer service, monitoring and processing solution. The program is expected to be operational during the first quarter of 2008.
"Safeway is a recognized retail leader in the food and drug space. As a valued Cardtronics customer, Safeway can fully leverage the economies of scale and operational expertise Cardtronics has developed as the world's largest ATM deployer to better serve Safeway customers every day," said Brian Archer, Cardtronics' EVP of Sales. "Cardtronics' nationwide presence, processing capabilities, and robust customer service platform allow Cardtronics to provide leading retailers, such as Safeway, with a cohesive solution for their ATM needs."