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Cardpoint signs new deal with RoadChef

Thursday 11 March 2004 08:59 CET | News

Cardpoint has extended its motorway service operation through a five year exclusivecontract with RoadChef.

The contract, which begins with immediate effect, provides the Group with a significant stream of visible earnings with a minimum estimated turnover of £10 million over five years, and will add 50 further cash machines to Cardpoints estate of 2,070 cash machines. Cardpoint already operates 21 machines for RoadChef on a non-exclusive basis, some of which were inherited through the acquisition of Securicor’s cash machine business in June 2003. Under the new contract, existing ATMs will be upgraded to more robust terminals supplied by Wincor Nixdorf, and Cardpoint will install internal through the wall machines replacing existing bank operated ATMs. All cash machines in service stations will be upgraded to ISDN to provide a higher availability and reduce the transaction time. The new ATMs will be branded in Cardpoints distinctive orange colour scheme and provided with full signage and marketing support. RoadChef is one of the three leading Motorway Service Area operators in the UK with 24% of the UK motorway service area market. 65 million people a year visit the companys 21 sites, some of which operate on both sides of a motorway. All sites are open 24 hours a day, 365 days a year, with nearly every traveller being a potential customer.


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce