Dive Brief:

• 7-Eleven has expanded its partnership with ATM solution provider FCTI, adding services to 3,000 of its Speedway locations, according to a Friday announcement.
• The two companies will be testing several new financial services, “including automated store deposits, cryptocurrency purchases and redemptions as well as a number of other cash in and cash out services” like prepaid reloads and online betting redemptions, Rick Updyke, FCTI’s vice president of business development, said in an email.
• The broadened relationship will also bring Los Angeles-based FCTI’s ATMs to Speedway stores beginning early next year, Updyke said.

Dive Insight:

As convenience stores and retailers increasingly seek ways to draw more people past the pumps, banking features at these 7-Eleven and Speedway stores could make them more of a destination. After the test period for the new financial services is complete, the companies will decide which of these services will get a wider rollout. 

The expanded partnership, building on an agreement that began in 2015, will increase the number of 7-Eleven locations with FCTI ATMs from 8,600 to 11,600 by the end of 2025.

This is the latest technology update for Speedway, after 7-Eleven announced in January that it would be incorporating its proprietary store and fuel point-of-sale system at those sites.

Irving, Texas-based 7-Eleven operates, franchises and/or licenses more than 13,000 convenience stores in the U.S. and Canada.