I-DESIGN, the Scottish cash machine technology specialist, yesterday announced a multi-year contract with the US's Cardtronics for its technology to be used across its 37,000 ATMs globally.
Under the terms of the deal, Cardtronics has acquired a licence to incorporate i-design’s new marketing software, Joono, into its own offering on a global basis.
The agreement, whose value was undisclosed, marks the second contract win with Cardtronics by the Fife-based company.
Launched last month, Joono is i-design’s next generation targeted marketing software. It enables financial institutions, retailers and advertisers to communicate with customers through multiple channels, including traditional ATMs and advanced functionality financial kiosks.
Shares in AIM-listed i-design yesterday climbed 9.1% to 42p. Last year, i‑design won the right to sell advertising space on automated teller machines operated by Cardtronics. Under the terms of that agreement i-design will get a share of the revenues generated by allowing third parties to advertise on 3000 ATMs in the US and the UK.
Ana Stewart, i-design’s chief executive, said: “We welcome the extension of our relationship with Cardtronics.
“We believe that our technology remains unrivalled and see significant potential for further expansion.”
The latest contract win for i-design, which counts Arab National Bank and Saudi Arabian Investment Bank among its client base, will boost confidence at the firm, in the wake of the turmoil that has affected the global banking industry in recent years.
This resulted in a slowdown in the adoption of the technology it developed to allow lenders to use ATMs for marketing by banks.
The company, which has 32 employees, had previously signed up a number of big names including Royal Bank of Scotland and Nationwide Building Society.
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