Brink’s Advances ATM Managed Services Strategy through Partnership with Sainsbury’s
The Brink's Company (NYSE:BCO) has announced a long-term ATM managed services agreement with Sainsbury's. Through this partnership, NoteMachine, a Brink's Company, will take ownership and management of Sainsbury's ATM business, which includes approximately 1,370 ATMs in retail stores across the United Kingdom. NoteMachine will provide a comprehensive range of ATM managed services, including transaction processing, cash replenishment, maintenance, and more. The onboarding process is expected to be completed by May 2025.
This partnership aligns with Brink's mission to enhance banking accessibility and convenience. Sainsbury's CEO Simon Roberts expressed confidence in NoteMachine as the right partner, emphasizing the continued provision of free cash access for customers while simplifying their banking business and reducing costs.
La Brink's Company (NYSE:BCO) ha annunciato un accordo di servizi gestiti per sportelli ATM a lungo termine con Sainsbury's. Grazie a questa partnership, NoteMachine, una società di Brink's, si occuperà della proprietà e della gestione del business ATM di Sainsbury's, che include circa 1.370 sportelli ATM nei negozi al dettaglio del Regno Unito. NoteMachine fornirà un'ampia gamma di servizi gestiti per sportelli ATM, tra cui elaborazione delle transazioni, rifornimento di contante, manutenzione e molto altro. Si prevede che il processo di integrazione sarà completato entro maggio 2025.
Questa partnership è in linea con la missione di Brink's di migliorare l'accessibilità e la comodità bancarie. Il CEO di Sainsbury's, Simon Roberts, ha espresso fiducia in NoteMachine come partner ideale, sottolineando l'importanza di garantire l'accesso gratuito ai contanti per i clienti, semplificando al contempo le operazioni bancarie e riducendo i costi.
La Brink's Company (NYSE:BCO) ha anunciado un acuerdo de servicios gestionados a largo plazo para cajeros automáticos con Sainsbury's. A través de esta asociación, NoteMachine, una empresa de Brink's, se encargará de la propiedad y gestión del negocio de cajeros automáticos de Sainsbury's, que incluye aproximadamente 1,370 cajeros automáticos en tiendas minoristas de todo el Reino Unido. NoteMachine proporcionará una amplia gama de servicios gestionados para cajeros automáticos, incluyendo procesamiento de transacciones, reabastecimiento de efectivo, mantenimiento y más. Se espera que el proceso de incorporación se complete para mayo de 2025.
Esta asociación se alinea con la misión de Brink's de mejorar el acceso y la conveniencia bancarios. El CEO de Sainsbury's, Simon Roberts, expresó confianza en NoteMachine como el socio adecuado, enfatizando la continua provisión de acceso gratuito a efectivo para los clientes mientras simplifica sus operaciones bancarias y reduce costos.
브링크스 컴퍼니 (NYSE:BCO)는 세인즈베리(Sainsbury's)와 장기 ATM 관리 서비스 계약을 체결했다고 발표했습니다. 이 파트너십을 통해 브링크스 컴퍼니의 NoteMachine이 세인즈베리의 ATM 사업을 소유하고 관리하게 됩니다, 여기에는 영국 전역의 소매점에 있는 약 1,370개의 ATM이 포함됩니다. NoteMachine은 거래 처리, 현금 보충, 유지보수 등을 포함한 포괄적인 ATM 관리 서비스를 제공할 것입니다. 온보딩 프로세스는 2025년 5월까지 완료될 것으로 예상됩니다.
이 파트너십은 브링크스의 은행 접근성과 편의성을 향상시키려는 사명과 일치합니다. 세인즈베리의 CEO 시몬 로버츠는 고객에게 무료 현금 접근을 제공해 주면서도 은행 사업을 간소화하고 비용을 절감할 수 있도록 NoteMachine이 올바른 파트너라고 확신한다고 표현했습니다.
La Brink's Company (NYSE:BCO) a annoncé un contrat de services gérés à long terme pour les distributeurs automatiques de billets avec Sainsbury's. Grâce à ce partenariat, NoteMachine, une société de Brink's, prendra en charge la propriété et la gestion de l'activité de distributeurs automatiques de Sainsbury's, qui comprend environ 1 370 distributeurs automatiques dans les magasins de détail à travers le Royaume-Uni. NoteMachine fournira une gamme complète de services gérés pour les distributeurs automatiques, y compris le traitement des transactions, le réapprovisionnement en espèces, la maintenance et plus encore. Le processus d'intégration devrait être achevé d'ici mai 2025.
Ce partenariat s'inscrit dans la mission de Brink's d'améliorer l'accessibilité et la commodité bancaires. Le PDG de Sainsbury's, Simon Roberts, a exprimé sa confiance en NoteMachine comme le bon partenaire, soulignant la continuité de l'accès gratuit aux espèces pour les clients tout en simplifiant leurs activités bancaires et en réduisant les coûts.
Die Brink's Company (NYSE:BCO) hat eine langfristige Vereinbarung über verwaltete Geldautomaten-Dienste mit Sainsbury's angekündigt. Im Rahmen dieser Partnerschaft wird NoteMachine, eine Brink's Company, das Eigentum und das Management des Geldautomaten-Geschäfts von Sainsbury's übernehmen, das etwa 1.370 Geldautomaten in Einzelhandelsgeschäften im Vereinigten Königreich umfasst. NoteMachine wird ein umfassendes Spektrum an verwalteten Geldautomaten-Diensten anbieten, einschließlich Transaktionsverarbeitung, Bargeldauffüllung, Wartung und mehr. Der Onboarding-Prozess soll bis Mai 2025 abgeschlossen sein.
Diese Partnerschaft steht im Einklang mit der Mission von Brink's, die Bankzugänglichkeit und -bequemlichkeit zu verbessern. Der CEO von Sainsbury's, Simon Roberts, äußerte Vertrauen in NoteMachine als den richtigen Partner und betonte die fortgesetzte Bereitstellung des kostenlosen Zugangs zu Bargeld für die Kunden, während er gleichzeitig die Bankgeschäfte vereinfacht und Kosten senkt.
- Long-term ATM managed services agreement with Sainsbury's, a major UK retailer
- Acquisition of approximately 1,370 ATMs across the UK
- Expansion of Brink's ATM managed services capabilities
- Potential for increased revenue and market presence in the UK
- None.
Insights
This partnership with Sainsbury's marks a significant expansion for Brink's in the ATM managed services sector. The deal encompasses around 1,370 ATMs across the UK, representing a substantial increase in Brink's ATM network. While specific financial terms weren't disclosed, this long-term agreement is likely to provide a steady revenue stream for Brink's.
The comprehensive nature of the services offered - including transaction processing, cash replenishment and maintenance - suggests potential for high-margin recurring revenue. This aligns well with Brink's strategy to diversify beyond traditional cash-in-transit services. The expected completion by May 2025 indicates a phased implementation, which could help manage integration risks.
For investors, this deal represents a positive step in Brink's evolution towards higher-value services. It could potentially improve the company's revenue stability and profit margins in the medium to long term. However, the full financial impact will depend on the contract's specifics and successful execution.
This partnership is strategically significant for both Brink's and the broader ATM industry. It reflects the ongoing trend of banks and retailers outsourcing ATM operations to specialized service providers. For Brink's, this move strengthens its position in the UK market and demonstrates its ability to win large-scale contracts from major retailers.
The deal also highlights the continued importance of cash access in retail environments, despite the growth of digital payments. Sainsbury's decision to maintain its ATM network while outsourcing operations suggests a balance between cost reduction and customer service.
From a market perspective, this partnership could potentially trigger similar moves by other retailers, presenting further growth opportunities for ATM managed service providers. It also positions Brink's well against competitors in this space, potentially leading to increased market share and improved bargaining power with suppliers and customers.
RICHMOND, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO) today announced a long-term ATM managed services agreement with Sainsbury’s. Under the terms of the deal, NoteMachine, a Brink’s Company, will assume ownership and management of Sainsbury’s ATM business, which includes around 1,370 ATMs positioned in retail stores across the United Kingdom. The ATM network will be fully managed by NoteMachine, incorporating the full range of ATM managed services capabilities, including transaction processing, cash replenishment, maintenance, engineering, monitoring, parts supply and hardware refurbishment. The onboarding is expected to be completed by May 2025.
Mark Eubanks, President and CEO of Brink’s said: “Our partnership with Sainsbury’s further validates our capabilities in ATM managed services. This agreement aligns perfectly with our mission to make banking easier, more convenient and accessible for all. We are excited to be working with Sainsbury’s and we look forward to building on the strengths of both companies as we continue to innovate and enhance the way customers access financial services.”
Simon Roberts, Chief Executive Officer of Sainsbury’s, said: “We are really pleased that we can keep offering our customers free access to cash at all of our existing locations while also simplifying our banking business and reducing our costs. We’re confident that NoteMachine is the right partner for us and our customers.”
About The Brink’s Company
The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 52 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.
About Sainsbury’s
Offering delicious great quality food at competitive prices has been at the heart of what we do since John James and Mary Ann Sainsbury opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority and our purpose is clear – we make good food joyful, accessible and affordable for everyone, every day.
Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Nectar, Tu Clothing, Habitat, Sainsbury’s Bank and Smart Charge. Sainsbury’s has almost 600 supermarkets and over 800 convenience stores. Argos is a leading digital retailer and is the third most visited retail website in the UK, with over 70 per cent of its sales starting online. Argos is conveniently available for customers to collect from hundreds of Sainsbury’s stores. Digital and technology enables us to adapt as customers shop differently and our profitable, fast-growing online channels offer customers quick and convenient delivery and collection capability.
Sainsbury’s Bank
Sainsbury's Bank plc. Registered Office, 33 Holborn, London EC1N 2HT (registered in England and Wales, no 3279730) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514). Sainsbury's Bank plc is covered by the Financial Services Compensation Scheme (FSCS).
| Contact: Investor Relations 804.289.9709 | BRINK’S CORPORATE The Brink’s Company 1801 Bayberry Court Richmond, VA 23226-8100 USA |
FAQ
What is the new partnership between Brink's and Sainsbury's for ATM services?
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When is the Brink's-Sainsbury's ATM partnership expected to be fully implemented?
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