News

Cardtronics, Info Touch announce hybrid ATM

February 27, 2006

BURNABY, BC - Cardtronics Inc. and Info Touch Technologies Corp. announced the unveiling of a hybrid ATM unit that combines a traditional, cash-dispensing ATM with a cash-accepting financial services kiosk. In addition to making a pilot program of the new ATM available in select U.S. markets this spring, a total managed solution that includes hardware, software, and administration services will also be offered.

This initiative will enable merchants to offer their customers the functionality of not only an ATM, but also a broad range of other financial services all without requiring any additional staffing or dedicated floor space beyond what is typically needed for an ATM. A few of the available services include: bill payment, wireless phone top-ups, long distance, mobile content and other PIN-based products, gift card purchases, stored value card dispensing and storedvalue card reloading.

"By offering this new hybrid ATM, merchants will be able to better serve and cater to their customer base," said Jack Antonini, president and chief executive officer of Cardtronics. "The new service offerings will drive enhanced customer loyalty and create a proven recurring revenue stream."

Cardtronics will own and operate the new hybrid ATMs, with Info Touch providing processing services for all functions other than cash dispensing. All hybrid ATMs will be part of Info Touch's TIO Network and will be branded with Info Touch's "TIO" logo as well as the logos of Cardtronics and the merchant-retailer.

[Editor's note: Info Touch Technologies became Tio Networks in April 2006.]