Costco extends Cardtronics ATM placement agreement

Source: Cardtronics

Costco Wholesale Corporation (NasdaqGS:COST) and Cardtronics (NasdaqGM:CATM ) have extended their existing ATM placement agreement to include 41 locations throughout Oregon and Washington.

With this expansion Cardtronics ATMs will now be available in 97% of the over 400 Costco warehouse locations in the United States.

Cardtronics, the world's largest non-bank ATM operator, has enjoyed a long-standing ATM placement agreement with Costco, the largest operator of wholesale clubs in the United States and one of the top 30 companies in the 2008 Fortune 500 ranking of the nation's largest public companies.

"Costco has been a valued customer and we are extremely pleased to extend and expand our ATM placement agreement," stated Brian Archer, Chief Marketing Officer at Cardtronics. "With our national presence, low cost structure, in-house processing capability, branding and surcharge-free programs, and high standards of availability and service, Cardtronics is the ideal partner to provide ATM and financial self-service solutions."


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