7-Eleven Chooses New ATM Provider for U.S.
DALLAS — 7-Eleven Inc. has selected Financial Consulting & Trading International Inc. (FCTI) of California as its new ATM provider. The convenience store chain's company-operated and franchised stores in the United States are expected to transition to FCTI's ATM program in 2017.
FCTI is a wholly owned subsidiary of Seven Bank, the ATM provider for all 7-Eleven stores in Japan.
Cardtronics Inc. is 7-Eleven's current ATM provider in the U.S. The existing agreement between the companies will remain in effect until mid-2017.
"We are proud of the service and unique products that we have delivered to 7-Eleven since 2007. While we are disappointed in this decision, we have every confidence in our business and the robust growth opportunities ahead of us," stated Cardtronics CEO Steve Rathgaber. "We will continue delivering service to 7-Eleven for the next two years while executing our growth strategies."
Dallas-based 7-Eleven operates, franchises or licenses 10,500 convenience stores in North America.