Cardtronics today announced that Costco Wholesale has renewed the company as a key provider of ATM services in the United States, adding a long-term contract extension to a relationship established in 2005.
The world's largest retail ATM owner, Cardtronics owns and operates more than 450 ATMs located in Costco membership warehouses spread across 39 states today, and has expansion rights for future Costco locations.
Characteristic of the premium, high-traffic retailers that host Cardtronics-owned ATMs, Costco Wholesale offers compelling opportunity for banks and credit unions by way of Cardtronics' ATM Branding program. Elevated brand awareness and enhanced fee-free cash access for account holders—these are the key reasons 12 financial institutions have already placed their brands on a portion of Cardtronics' portfolio of Costco-located ATMs. Plus, with the recent expansion of Cardtronics' ATM branding program to include both Principal Branding and Preferred Branding, all 450 ATMs are once again available to interested financial institutions.
"Offering easy and convenient access to cash, that's the central reason why Costco and our ATM branding partners continue to choose Cardtronics — it's why Cardtronics is at the convergence retailers, financial institutions and the customers and members we all share," said Rick Updyke, president, North America Business Group, Cardtronics. "With the recent evolution of our ATM branding program, Cardtronics can make life easier for a greater number of Costco shoppers, financial institution partners and their accountholders. And we can do it with an expanded, cost-effective ATM branding solution set that can be tailored to meet a bank or credit union's specific needs."