Nationwide and Marks & Spencer Sign Exclusive Agreement for Automated Teller Machines

Nationwide, the UK's largest building society, and Marks and Spencer, a leading retailer, have announced a significant partnership to introduce automated teller machines (ATMs) into all 389 Marks and Spencer stores across the UK. This move will provide customers with a convenient and accessible way to withdraw cash, with over 400 machines set to be installed by mid-2000. The agreement marks a significant milestone for both companies, expanding Nationwide's existing network of cash machines and enhancing the shopping experience for Marks and Spencer customers.

Key Takeaways:

• Nationwide will be the sole provider of ATMs for all 389 Marks and Spencer stores in the UK, with over 400 machines to be installed by mid-2000.
• The larger stores will have multiple ATMs, with more than one machine installed in each.
• The service will be available to anyone with a Link, Visa, or Mastercard, with non-Nationwide members potentially facing a small administration fee for withdrawals.
• Nationwide already operates a network of 900 cash machines, including over 150 located in other supermarkets, shopping centers, airports, and motorway service stations.
• The company has non-exclusive agreements with several major retailers, including Asda, J Sainsbury, Tesco, Spar, and the Co-Op.

Statistics:

• 389 Marks and Spencer stores will feature Nationwide ATMs.
• Over 400 machines will be installed, with multiple machines in larger stores.
• Nationwide operates a network of 900 cash machines across the UK.
• 150 machines are located in other supermarkets, shopping centers, airports, and motorway service stations.

Sources:

• Nationwide press release, no date mentioned.
• Marks and Spencer press release, no date mentioned.
• "Marks in the bag as Marks goes for Nationwide" by Charlie Bibby, Eye Catchers Press, no date mentioned.
• "Nationwide Brings ATM Network" by Nationwide Building Society, no date mentioned.