CALGARY, Alberta, April 30, 2018 (GLOBE NEWSWIRE) -- Cardtronics (Nasdaq:CATM) today announced it has extended its long-term agreement with Meridian, Ontario’s largest credit union, to continue providing issuing and acquiring processing services for Meridian’s consumer and business credit and debit card portfolios. This latest agreement, which extends a relationship established in 2006, also renews Cardtronics as ABM managed services provider for Meridian – covering Meridian’s entire fleet of branch and off-premise ABMs. Cardtronics is the world's largest ABM owner/operator and a leading payments services provider in Canada.
“A strong sense of partnership has developed between Meridian and Cardtronics as we share a mutual commitment to provide our Members with consistent, reliable and convenient services,” said Gary Genik, Senior Vice President and Chief Operating Officer at Meridian. “We look forward to continued collaboration between our organizations, with Cardtronics providing the market leading ABM and payments services expected by our cardholders.”
“This agreement is a testament to the open communication we’ve fostered with Meridian, and certainly our commitment to the Canadian marketplace,” said Brian Bailey, Cardtronics Managing Director – North America. “The Cardtronics team is dedicated to providing the highest level of support to Canada’s credit union system, and we welcome the opportunity to continue supporting Meridian with innovative payments services technologies.”
About Cardtronics Canada
Cardtronics Canada is part of the largest ABM owner/operator worldwide. In addition to ABM services, Cardtronics Canada operates a full-service ABM and point-of-sale transaction processing switch for Interac and other payment card network transactions in Canada. Cardtronics offers comprehensive payment processing services to credit unions and financial institutions across Canada, enabling them to outsource their ABM and point-of-sale payment card processing.
About Cardtronics (Nasdaq:CATM)
Making ABM cash access convenient where people shop, work, and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs, and the customers they share. Cardtronics provides services to over 230,000 ABMs in North America, Europe, Asia-Pacific, and Africa. Whether Cardtronics is driving foot traffic for top retailers, enhancing ABM brand presence for card issuers, or expanding card holders' surcharge-free cash access, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
About Meridian
With over 70 years of banking history, Meridian is Ontario’s largest credit union, helping to grow the lives of its more than 300,000 Members. Meridian has $18.7 billion in assets under management and delivers a full range of financial services online, by phone, by mobile and through a network of 90 branches across Ontario, and commercial banking services in 11 locations. Meridian Members also have access to THE EXCHANGE® Network, with more than 3,500 no-fee ABMs across Canada and 500,000 ABMs in the United States. For more information, please visit: meridiancu.ca.
Contact Information:
| Media Relations Susannah Moore Griffin Corporate Communications Manager 832-308-4392 sgriffin@cardtronics.com | Investor Relations Brad Conrad Chief Accounting Officer and Treasurer 832-308-4975 ir@cardtronics.com |
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