7-Eleven Buys American Express ATM's
7-Eleven has announced that it has acquired the portfolio of American Express ATMs currently deployed in 5,483 7-Eleven store locations in the US for a purchase price of $44 million.
"ATM services are an important offering for the convenience customer, and we believe this acquisition will complement our strategy to accelerate growth in the area of financial services," said Jim Keyes, 7-Eleven's president and chief executive officer. "With our significant customer traffic and convenient locations, control of the ATMs will allow us to better integrate this valuable service into our overall merchandising efforts within the store."
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