Cardtronics/DirectCash Payments [Archived]
Cardtronics/DirectCash Payments [Archived]

The following Competition practice note provides comprehensive and up to date legal information covering:

  • Cardtronics/DirectCash Payments [Archived]
  • Case facts
  • Timeline
  • Commentary

Cardtronics/DirectCash Payments [Archived]


ARCHIVED–this archived case hub reflects the position at the date of the decision of 22 September 2017; it is no longer maintained.

See further, timeline and commentary.

Case facts

OutlineUK merger investigation into the completed acquisition by Cardtronics Holdings Limited of DirectCash Payments Inc, a transaction with horizontal overlaps in local markets for the deployment of automatic teller machines (ATMs).

Latest developmentsOn 22 September 2017, the CMA unconditionally cleared the transaction, confirming its provisional findings.

PartiesCardtronics Holdings Limited (Cardtronics) is a subsidiary of Cardtronics plc, a US-based company. Cardtronics plc is the world’s largest ATM owner and operator, providing services to approximately 225,000 ATMs with operations in Australia, Canada, Germany, Ireland, Mexico, New Zealand, Poland, Puerto Rico, Spain, the UK and the USA..

DirectCash Payments Inc (DCP) is a Canadian-based company. DCP operates approximately 25,000 ATMs across Australia, Canada, the UK, New Zealand and Mexico.

Market(s)Deployment of ATMs to site owners, such as convenience stores and pubs, supplying both free-to-use and pay-to-use ATMs and the supply of ATM services to ATM users.

ATMs are either free-to-use (FTU), at which no surcharge (ie fee) is paid by the user, or pay-to-use (PTU), at which the user pays a surcharge to withdraw cash. ATMs may be located inside premises such as a bank or shop (internal ATMs), ‘through the

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