HOUSTON, Aug. 16, 2010 (GLOBE NEWSWIRE) -- Scotiabank (NYSE:BNS), one of the world's leading financial institutions, and Cardtronics, Inc. (Nasdaq:CATM), the world's largest owner/operator of retail ATMs and financial kiosks, announced an agreement for Scotiabank to place its brand on 200 ATMs owned and operated by Cardtronics in high-profile retail locations throughout Puerto Rico. The long-term deal is the first between Cardtronics and Scotiabank and the first for Cardtronics in Puerto Rico.
Scotiabank, based in Toronto, Canada, is Canada's most international bank serving nearly 15 million customers in some 50 countries with locations across Canada, the Caribbean and Central America, Mexico, South America, and Asia.
The Scotiabank logo will appear on Cardtronics ATMs in Puerto Rico, expanding secure, convenient ATM access for its customers. Initially, Scotiabank will brand approximately 40 ATMs and collaborate with Cardtronics to brand an additional 160 ATMs in the Puerto Rican market as Cardtronics installs those locations over time.
In addition to Puerto Rico, the master ATM branding agreement establishes the framework to brand additional ATMs in other Scotiabank markets.
"Cardtronics is proud to add Scotiabank to our roster of world-leading financial institution clients who rely on Cardtronics to provide a superior ATM experience for their customers," said Rick Updyke, President Global Services at Cardtronics. "Scotiabank serves a tremendous customer base over a large international footprint, a footprint that overlaps Cardtronics in many areas and provides tremendous opportunity for expansion of the relationship between our companies."
"As we looked to further expand our services for customers living in and visiting Puerto Rico, Scotiabank carefully evaluated Cardtronics and its ATM branding program and we are confident Cardtronics will provide our customers with the exceptional service and security they expect when they see the Scotiabank brand," stated Troy Wright, CEO of Scotiabank Puerto Rico. "The quality and reliability of Cardtronics' ATM branding program has set the standard in the industry for some time now, and the ability for Cardtronics to grow with Scotiabank throughout Puerto Rico and beyond adds a great deal of value."
Nearly 12,000 Cardtronics ATMs now carry the brands of financial institutions such as Scotiabank, allowing these banks to quickly expand their presence across a range of premier retail locations. Through the ATM branding program, Scotiabank receives a powerful means to reach current and prospective customers while improving the service its customers receive by providing them with readily available, fee-free access to their cash and other valuable services.
About Cardtronics, Inc.
Headquartered in Houston, Texas, Cardtronics (Nasdaq:CATM) is the world's largest non-bank owner of ATMs. Cardtronics operates over 33,700 ATMs across its portfolio, with ATMs in every major market in the United States (including the U.S. territories of Puerto Rico and the U.S. Virgin Islands), more than 2,800 ATMs throughout the United Kingdom, and more than 2,900 ATMs throughout Mexico. Major merchant clients include 7-Eleven®, Chevron®, Costco®, CVS®/pharmacy, ExxonMobil®, HESS®, Kroger®, Rite Aid®, Safeway®, Target®, and Walgreens®. Complementing its ATM operations, Cardtronics works with financial institutions of all sizes to provide their customers with convenient cash access and deposit capabilities through ATM branding programs, with more than 11,600 Cardtronics owned and operated ATMs featuring bank brands. Additionally, Cardtronics offers surcharge-free access to cash for holders of traditional debit cards as well as stored-value cards issued by financial institutions that participate in the Allpoint Network, Cardtronics' wholly-owned surcharge-free ATM network. More recently, Cardtronics started offering a managed services solution to retailers and financial institutions that are looking to outsource some or all of the operational aspects associated with operating and maintaining their ATM fleets. For more information, please visit www.cardtronics.com.
The Cardtronics logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=991
About Scotiabank Puerto Rico
Scotiabank Puerto Rico has been operating in Puerto Rico since 1910, and has remained a leader in corporate banking, including automobile financing. It provides commercial and consumer banking at its 17 branches around the Island. With the recent acquisition of R-G Premier Bank, Scotiabank Puerto Rico increased its market share from 2% to 10% and now has 1,800 employees and 46 branches. It is also a part of the banking network of Scotiabank, the most important international bank in Canada. With approximately 48,000 employees, Scotiabank Group and its affiliates serve over 10 million customers in 50 countries worldwide. For more information, you can visit www.scotiabankpr.com.
Scotiabank has been part of the Caribbean and Central America since 1889. It is now the leading bank in the region, with operations in 27 countries, including affiliates. The Bank has more than 12,000 employees in the region, including affiliates, serving more than two million customers, with 550 branches, kiosks and other offices, plus about 974 ATMs (as at April 30, 2010).
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With close to 68,000 employees, Scotiabank Group and its affiliates serve approximately 14.6 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking. With more than $526 billion in assets (as at April 30, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.
CONTACT: Cardtronics, Inc. Media Contact: Joel Antonini, VP Marketing 832-308-4131 firstname.lastname@example.org Investor Contact: Chris Brewster, CFO 832-308-4828 email@example.com Scotiabank Puerto Rico Renissa Gutierrez, VP Marketing (787) 474-5030 (787) 548-9671 firstname.lastname@example.org
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