Cardtronics reports USAA FSB ATM contract

Source: Cardtronics

Cardtronics (NASDAQ: CATM), the world's largest retail ATM owner, today announced that San Antonio-based USAA Federal Savings Bank (FSB) has reached an ATM branding agreement with the company.

As a result, 189 Cardtronics-owned and operated ATMs in the metro Washington, D.C. area now feature the USAA brand and offer fee-free cash access to USAA members. USAA, a leading provider of financial services for military families, provides banking, insurance, investment and retirement products and services to more than 8 million members.

All 189 Cardtronics-owned/USAA-branded ATMs are located in the Washington, D.C. area (Washington, D.C. proper, northern Virginia and southern Maryland) CVS/pharmacy locations. USAA's expanded banking services network through Cardtronics complements USAA Financial Centers with ATMs located in high-profile retail locations. In addition to this ATM branding agreement, USAA has participated in the Allpoint Network since 2009. The Allpoint Network is a Cardtronics affiliate and the nation's largest surcharge-free ATM network.

"As a financial services company dedicated to serving active and retired members of the military and their families, USAA is pleased to offer a full range of banking services to our members in one of our largest markets," said Andy Collins, assistant vice president of deposits for USAA FSB. "The branded ATMs complement a full suite of USAA banking services in the D.C. market. In addition to withdrawing cash at the new ATMs, members are also able to manage all of their banking transactions at our USAA Financial Centers and deposit domestic checks at more than 2,000 The UPS Store locations with USAA Easy Deposit."

"USAA is tapping into the unique value proposition made possible by the convenient retail locations housing Cardtronics-owned and operated ATMs," said Rick Updyke, president, U.S. Business Group, Cardtronics. "By utilizing both our Allpoint Network for surcharge-free ATM cash access and our strategically placed D.C. area ATMs to enhance market presence, USAA has illustrated the dual role that Cardtronics can play in cost-effectively helping a financial institution achieve ubiquitous status for both its brand and surcharge-free ATMs."

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