HOUSTON, Oct. 21, 2010 (GLOBE NEWSWIRE) -- Huntington (Nasdaq:HBAN) (www.huntington.com), a $52 billion regional bank holding company, has renewed its ATM branding agreement with Cardtronics, Inc. (Nasdaq:CATM). The multi-year extension allows Huntington to continue to display its branding on Cardtronics-owned and -operated ATMs in 122 Walgreens and CVS/pharmacy stores in Ohio, Kentucky, and Indiana. By extending its ATM branding agreement with Cardtronics, Huntington will continue to receive prominent brand placement in the retail locations where its customers routinely shop, while also making those ATMs available fee-free to its customers.
In addition to the renewal of the 122 existing branding sites, Huntington is also placing its brand on 50 additional Cardtronics ATMs. Forty-six of the ATMs are located in CVS/pharmacy stores in Pittsburgh and southwestern Pennsylvania, and the remaining four ATMs are located in Walgreens stores in the Cleveland, Ohio area, adding to Huntington's branded ATMs in the area.
"Huntington and Cardtronics have enjoyed a strong relationship over the years, and the renewal of this ATM branding agreement demonstrates the value of the program both for Huntington and its customers," stated Rick Updyke, President, U.S. Business Group for Cardtronics. "Our ATM branding programs allow financial institutions to better serve their customers by increasing ATM availability without the capital requirements and operational hassles of traditional off-premise ATM deployments."
"Huntington customers have benefited from the expanded ATM footprint we have been able to provide through our ATM branding relationship with Cardtronics, Walgreens and CVS," said Mary Navarro, Huntington senior executive vice president, retail and business banking director. "We are pleased to be able to continue to provide superior service for our customers by ensuring the easy availability of Huntington-branded ATMs where our customers shop on a daily basis."
Huntington has been an ATM branding customer of Cardtronics since 2005.
About Cardtronics
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.
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