21 August 2017
Find out more

Cardtronics loses 7-Eleven account

07 July 2015  |  1471 views  |  0 Source: Cardtronics

Cardtronics, Inc. (CATM) today announced that it was notified by 7-Eleven, Inc. that 7-Eleven does not intend on renewing its ATM placement agreement with Cardtronics upon expiration of the agreement in mid-2017.

7-Eleven announced that it has selected a related entity of 7-Eleven's parent company as its next ATM provider. The existing agreement between Cardtronics and 7-Eleven remains in full force and effect until mid-2017.

"We are proud of the service and unique products that we have delivered to 7-Eleven since 2007. While we are disappointed in this decision, we have every confidence in our business and the robust growth opportunities ahead of us," said Steve Rathgaber, chief executive officer of Cardtronics. "We will continue delivering service to 7-Eleven for the next two years while executing our growth strategies."

Cardtronics does not expect this announcement to change its 2015 financial guidance, as issued on April 30, 2015. Additional information regarding the 7-Eleven agreement may be found in the company's public filings with the Securities and Exchange Commission.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11031 views comments | 25 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9278 views 0 | 5 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9180 views comments | 21 tweets | 26 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9052 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8881 views comments | 10 tweets | 8 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job