Cardtronics takes over management of Triodos Bank’s ATM network

Rhea-AI Summary

Cardtronics has announced an agreement to manage Triodos Bank's ATM network, enhancing cash access for customers. This outsourcing deal allows Triodos Bank to concentrate on value-added services while Cardtronics utilizes its extensive network of over 1,000 ATMs across Spain. The partnership signifies a strategic shift towards ATM outsourcing for banks aiming to improve service efficiency. Cardtronics operates over 285,000 ATMs globally and is recognized for its leadership in financial self-service.

Positive

• Strengthened service availability for Triodos Bank customers due to access to Cardtronics' extensive ATM network of over 1,000 ATMs.
• Allows Triodos Bank to focus resources on enhancing customer value-added activities.

Negative

• None.

BARCELONA, Spain, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Cardtronics, the world’s largest ATM owner/operator today announced it has taken over the management of Triodos Bank’s ATM network to provide the bank with a cost-effective way to maintain cash access for its customers. 

The outsourcing agreement between Triodos Bank and Cardtronics, which came into effect this month, sees the bank hand over responsibility for the maintenance and management of its ATM estate to Cardtronics. The agreement shows how forward-thinking banks like Triodos are increasingly moving toward ATM outsourcing to focus resources on value-added activities for their customers. Triodos’ customers will benefit from the enhanced service availability derived from the relationship with the global ATM leader. Triodos customers will also benefit from access to the Cardtronics network of over 1,000 ATMs across the country.

“Access to cash remains vital for so many Spanish citizens,” said Marc Terry, International Managing Director for Cardtronics. “This agreement with Triodos Bank will mean its customers will benefit from easier access to cash through our network of ATM machines across the country. The bank has trusted us with the outsourced management of its Spanish estate, leaving it free to focus on those activities that add real value for their customer base.”

Mikel García-Prieto, Triodos Bank Managing Director, said, “We chose Cardtronics because of its global expertise and strength in Spain. Access to cash is very important for our customers and us. Through this partnership, we can be sure that our ATMs are being managed in the best possible way, and our customers are getting access to their money at over 1,000 more ATMs.” 

About Cardtronics (NASDAQ: CATM)

Cardtronics is the trusted leader in financial self-service, enabling cash transactions at over 285,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa. Leveraging our unmatched scale, expertise, and innovation, top-tier merchants and businesses of all sizes use our ATM solutions to drive growth, in-store traffic, and retail transactions. Financial services providers rely on Cardtronics to deliver superior service at their own ATMs, on Cardtronics ATMs where they place their brand, and through Cardtronics' Allpoint Network, the world’s largest retail-based surcharge-free ATM network, with over 55,000 locations. As champions of cash, Cardtronics converts digital currency into physical cash, driving payments choice for businesses and consumers alike. To learn more about Cardtronics, visit www.cardtronics.com and follow us on LinkedIn and Twitter.

About Triodos Bank

Triodos Bank is an independent European bank founded in 1980, a reference in ethical and sustainable banking. Its banking business model is based on transparency and combines financial profitability with social and environmental profitability.

Triodos Bank operates in the Netherlands, Belgium, the United Kingdom, Germany and Spain under the supervision of De Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM). In Spain, the Bank of Spain supervises Triodos Bank in terms of general interest, liquidity, transparency and customer protection for banking services. Triodos Bank also operates in more than 40 countries in Africa, Asia, Latin America and Eastern Europe through its investment funds and microcredit.

Contact Information:

Media Relations Lisa Albiston VP Public Relations and Communications 832-308-4000 corporatecommunications@cardtronics.com	Investor Relations Brad Conrad EVP – Treasurer 832-308-4000 ir@cardtronics.com
For more information, please visit: www.cardtronics.com www.cardtronics.es	International Oliver Tozer WithPR T +44 (0) 20 7249 7769 oliver.tozer@withpr.com Triodos Bank Carmen Solís Domínguez Gerente de Prensa y Relaciones Institucionales Tel. 91 769 85 62 | 647 818 307 carmen.solis@triodos.es

Cardtronics is a registered trademark of Cardtronics plc and its subsidiaries.
All other trademarks are the property of their respective owners. 

FAQ

What is the significance of Cardtronics managing Triodos Bank's ATM network?

The agreement allows Triodos Bank to improve service efficiency and focus on value-added services while enhancing cash access for its customers.

How many ATMs does Cardtronics operate in Spain?

Cardtronics provides access to over 1,000 ATMs across Spain through its partnership with Triodos Bank.

When did the outsourcing agreement between Cardtronics and Triodos Bank take effect?

The outsourcing agreement became effective in August 2020.

What are the benefits of the Cardtronics and Triodos Bank partnership?

Customers will benefit from enhanced service availability and easier access to cash via the Cardtronics ATM network.