The Chicago Transit Board today approved a revenue-generating contract to place Automated Teller Machines (ATMs) at rail stations and employee facilities. The ATM contract will generate a total of at least $4.7 million in revenue for the CTA over the course of the five-year contract.
This contract increases the number of ATM locations on CTA property from 52 to 77. The agency plans to have nearly 100 locations with ATMs by the summer.
"The installation of more ATM machines is beneficial to both customers and CTA,” said CTA President Richard L. Rodriguez. “The machines are an added convenience to customers and the agency is able to tap into another revenue source with no cost to CTA.”
The contract was approved following a competitive bid process. The new ATMs resulted from an agreement with Fifth Third Bank, PNC Bank and Merchant Enterprises, Inc. to furnish, install, replenish, operate, and maintain the ATMs. Bank of America and Readycash ATMs no longer will be available at CTA rail stations. New ATMs will be placed at the Bank of America and Readycash locations.
Since ATMs were first introduced across the system in 2003, the CTA has generated more than $3.1 million in revenue.
A list of rail stations receiving a new ATM is available here
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