Seven Bank : Notice Concerning Renewal of the ATM Placement Agreement by FCTI, an Overseas Group Company of Seven Bank, with 7-Eleven, Inc.
May 10, 2024 at 12:13 am EDT
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May 10, 2024
Notice Concerning Renewal of the ATM Placement
Agreement by FCTI, an Overseas Group Company of Seven
Bank, with 7-Eleven, Inc.
We hereby announce that FCTI, Inc. (location of head office: Texas, USA; President：Wayne Malone; hereinafter referred to as "FCTI"), which is an overseas group company of Seven Bank, Ltd. (location of head office: Chiyoda-ku, Tokyo; President and Representative Director: Masaaki Matsuhashi), renewed the ATM placement agreement with 7-Eleven, Inc. (location of head office: Texas, USA; representative: Director and CEO / Joseph M. DePinto) which covers the 7-Eleven stores (including Speedway stores) located in the U.S. (agreement period: eight (8) years).
Currently, the Group is promoting the overseas ATM operation business in three (3) countries, the US, Indonesia and Philippines, by utilizing its knowledge on operation of ATMs in Japan. In the US, FCTI started to deploy ATMs at 7-Eleven stores located in the US in 2017, and has provided stable ATM services based on the enhanced network with 8,561 units as of March 31, 2024 (preliminary report).
Under this renewed ATM placement agreement, in addition to 7-Eleven stores located in the US where our ATMs have been placed, ATMs will also start to be newly installed and operated in sequence at Speedway stores run by 7-Eleven, Inc. from 2025. Through this installation, the number of ATMs placed by FCTI is expected to increase to as much as approximately 11,600 units.
Furthermore, at the same time, an experimental introduction will be started into certain stores toward the shift from cash dispensers specialized in the traditional cash withdrawal function (CDs; dedicated machines for cash withdrawal) to cash recycling machines which enable cash deposits and withdrawals (CRMs; banknote-recycling-type ATMs).
Going forward, FCTI aims to continue to be a "retail banking service provider" that provides new added value beyond cash deposits and withdrawals to customers of 7-Eleven, Inc. through expansion and stable operation of the ATM business with the cooperation and support of the Seven Bank Group.
[About FCTI, Inc.] (https://fcti.com/)
Company name
FCTI, Inc.
Head office location
Dallas, Texas, USA
Name and title of representative
President: Wayne Malone
Establishment date
August 25, 1993
Amount of capital
US$19 million
Line of business
ATM network and service provider
Voting rights ownership ratio of
100%
Seven Bank
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Seven Bank Ltd. published this content on
10 May 2024 and is solely responsible for the information contained therein. Distributed by
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Seven Bank Ltd is engaged in the provision of financial services such as automatic teller machine (ATM) service, Internet banking service, and loan service. The Company operates its business through two business segments. Domestic Business segment is involved in the ATM platform business that installs ATMs at stores such as Seven-Eleven and Ito-Yokado, as well as at airports, stations, financial institution stores. The Segment also provides settlement account services including ordinary deposits, time deposits, loan services, overseas money transfer services, debit services, as well as the contract work from other financial institutions. The Overseas Business segment provides ATM services mainly in the United States and Indonesia. The Company also conducts investment advisory business.
SEVEN BANK, LTD. 
