03:23:49 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canadian Imperial Bank of Commerce
Symbol CM
Shares Issued 397,023,711
Close 2014-09-18 C$ 106.88
Market Cap C$ 42,433,894,232
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CIBC adds ABMs to Petro-Canada gas stations

2014-09-19 09:06 ET - News Release

Mr. Fraser Mackay reports

CIBC EXPANDS ABM ACCESS TO MORE THAN 500 PETRO-CANADA RETAIL LOCATIONS

Canadian Imperial Bank of Commerce clients now have access to cash withdrawals at more than 500 new automated banking machines at Petro-Canada retail locations across Canada. This expansion boosts CIBC's ABM network to almost 4,200 locations, one of the largest networks in the country.

The expansion is made possible through CIBC's ABM branding relationship with Cardtronics, the world's largest retail ABM owner and a provider of ABM services to Petro-Canada retail locations.

"Canadians want to bank where, when and how they want, and we're pleased to be offering 500 new locations where our clients can access their banking while they are on the road," says Fraser Mackay, vice-president, CIBC. "Whether they choose to bank through their smart phone on our award-winning mobile banking app, or stop at an ABM to withdraw money, CIBC clients now have even more options to bank on the go."

CIBC already partners with Petro-Canada, a Suncor Energy business, on the no-fee CIBC Petro-Canada MasterCard. The card offers instant savings of two cents per litre on fuel, and the ability to earn valuable Petro-Points rewards wherever clients use their Petro-Points MasterCard to shop for everyday items. Petro-Points rewards can be redeemed for a fuel savings reward card that saves an additional five or 10 cents per litre on 200 litres of fuel. The rewards can also be redeemed for other items at Petro-Canada locations, or redeemed on-line for the latest music, e-books and audiobooks.

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