ANDERSON, Ind. -- Ricker Oil Co. Inc. has reached a multi-year agreement extension with Cardtronics Inc. for the firm to provide ATM services to customers of Ricker Oil's convenience stores in select markets. Under terms of the agreement, Ricker Oil will own the ATM equipment and Cardtronics will operate the ATMs through its own high-availability electronic funds transfer (EFT) network and provide customer service and maintenance services.
"Ricker Oil Co. strives to provide superior service to our many customers, and providing a reliable source of cash is extremely important," said Jay Ricker, chairman of Ricker Oil. "Cardtronics has developed the infrastructure to provide the high-availability ATM service Ricker Oil Co. needs for our customers, an infrastructure that we can rely on from a partner we can trust."
Tres Thompson, executive vice president of ATM services for Houston-based Cardtronics, said the company "is excited to be working with Ricker Oil Co. to bring reliable, readily available ATM services to Ricker Oil Co.'s customers."
Cardtronics is the world's largest nonbank owner of ATMs. The company operates more than 34,100 ATMs in the United States, the United Kingdom, Mexico and the Caribbean, primarily with retailers such as 7-Eleven, Chevron, Costco, CVS/pharmacy, ExxonMobil, Hess, Rite Aid, Safeway, Target and Walgreens. Cardtronics also assists in the operation of more than 2,900 ATMs under managed services contracts with customers such as Kroger, Travelex and Circle K. In addition to its retail ATM operations, the company provides services to large and small banks, credit unions and prepaid card issuers allowing them to place their brands on more than 11,900 Cardtronics' ATMs and providing surcharge-free access through Cardtronics' Allpoint Network.
Ricker Oil has more than 50 stores, all located in the greater Indianapolis market. The company supplies BP, Marathon and Phillips 66 branded motor fuels to 55 dealers in Indiana, in addition supplying its own stores.