Cardtronics (CATM) in Houston announced Thursday a new licensing agreement with BBVA Compass that would give the bank branding rights to more than 300 automated teller machines in H-E-B grocery stores throughout Texas.
The move increases the bank's ATM network in Texas by 50%, bringing its total to approximately 1,000 machines in the state. Millions of customers visit the Houston, San Antonio, Corpus Christi and Rio Grande Valley H-E-B store locations annually, Cardtronics said in a press release.
Customers who want to know where to find the ATMs can use the ATM locator on BBVA Compass' Website.
"Customers want access to money on their terms," Gabriel Palafox, director of multichannel development at the Birmingham, Ala.-based BBVA Compass, said in a news release. "Having bank-branded ATMs in high-traffic locations like H-E-B stores is a great way for us to meet those needs."
The agreement is the second Cardtronics has struck with BBVA in the last two years. In 2012, the financial institution branded 268 Cardtronics-owned ATMs in convenience and grocery stores across Texas and Colorado.
BBVA Compass, with $72 billion of assets, is the U.S. unit of the Spanish bank Banco Bilbao Vizcaya Argentaria.