Cardtronics Buys Rival ATM Network

Houston-based Cardtronics says it has acquired all the assets of Minnesota-based ATM Network for an undisclosed sum.

ATM Network provides support services for about 6,200 merchant-owned cash machines, with clients in all fifty states and Washington, DC. Cardtronics spokesman Nick Pappathopoulos says it’s mainly those clients that will notice a change.

“We’re able to bring that processing in house. We have our own platform for that sort of thing, so that can mean that the whole process is done a little more efficiently. And also just being the overall scale of provider that Cardtronics is, with now over 61,000 ATMs as part of our overall portfolio, that gives us a little extra buying power with the vendors that we work with.”

Pappathopoulos says customers who use ATM Networks-serviced machines will see little difference. He says the merchants who own the machines are the ones who set the surcharges. That won’t change with the takeover.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...