RANCHO CUCAMONGA, Calif.–CO-OP Financial Services said the decision by 7-Eleven that it will no longer contract with Cardtronics for ATM services will not affect the company’s nearly 2,000 kiosks inside the convenience stores. It will, however, affect CO-OP’s business arrangements with 7-Eleven beginning in July of 2017, when 7-Eleven’s current contract with Cardtronics will expire.
As CUToday.info reported here, 7-Eleven Inc. said that it will be making a change in its huge ATM business, moving away from Cardtronics, which operates the Allpoint Network, in favor of a network owned by its Japanese parent company. The change could also affect relationships involving credit unions, including with CU24 and with a number of state leagues.
In a statement to credit unions, CO-OP noted that its relationship with 7-Eleven is not connected to Allpoint.
“This change, however, will directly impact the CO-OP business arrangement with 7-Eleven (beginning July 2017),” CO-OP Said in its statement. “It is CO-OP's intention to establish a formal relationship with the new 7-Eleven ATM processor as soon as possible to begin the planning process to provide credit union members uninterrupted access to ATMs in these locations. CO-OP will also work to continue deposit taking and shared branch access.”
CO-OP said “there is strong interest by all parties involved to continue the access.”