Phoenix Managed Networks, LLC has been awarded a multi-year agreement by Cardtronics, Inc. (NASDAQ:CATM) to provide mission critical financial transaction transport services to Cardtronics and its customers.
Under the terms of the agreement, Phoenix Managed Networks will deliver ATM and Kiosk transactions to Cardtronics datacenters over Phoenix Managed Networks’ PCI-certified and encrypted network. ATMs will have access to the Phoenix Network via 1-8XX dial throughout the United States. In addition, Phoenix Managed Networks will provide protocol and communications conversion services for legacy devices, bringing next-generation technology to Cardtronics’ installed terminal and ATM base.
Phoenix Managed Networks, formerly HBNet, operates the only fully encrypted payment network in North America and Europe, providing transaction communications services to financial institutions, payment acquirers, ISOs and merchants in the United States, Canada, Europe and the Caribbean. Phoenix will also provide Cardtronics and its customers with value-added capabilities to assist in areas such as end-to-end encryption, risk management, card security and management information and reporting.
“Phoenix Managed Networks offers proven and reliable service which will allow Cardtronics to continue delivering superior service across our network while also reducing infrastructure cost,” said Jerry Garcia, Chief Information Officer at Cardtronics. “With Phoenix, we are able to support our processing platforms with detailed transaction reports and management information.”Jack McDonnell, CEO, Phoenix Managed Networks, said: “Phoenix Managed Networks is pleased to work with Cardtronics and to continue to build upon a solid relationship. With Phoenix Managed Networks, Cardtronics will leverage the most cost-effective and state-of-the-art ATM network available to the financial services industry today.” 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 and in the U.S. territories of Puerto Rico and the U.S. Virgin Islands, approximately 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. About Phoenix Managed Networks: