Cardtronics Inc. has entered into a series of agreements intended to stabilize the interest rates it pays on the $1.3 billion in constant vault cash it rents to stock the ATMs it owns.

To understand what the agreements mean, one should first know that Cardtronics operates two types of businesses, Chris Brewster, the Houston-based ATM deployer’s chief financial officer, tells ISO&Agent Weekly. Cardtronics owns or operates 52,900 ATMs.

Limited Time Offer

Save over $700 on your subscription. Special offer expires April 30, 2017.

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry