March 27 - Allpoint Network, operator of one of the world's largest surcharge-free ATM networks, has announced the addition of 5,000 coast-to-coast cash points, many of which provide member financial service providers and their accountholders enhanced cash access options in the Upper Midwest and northern Plains states. The Allpoint Network now offers 55,000 surcharge-free ATMs in convenient retailer locations where people live, work and shop, coast-to-coast in the United States and beyond. Allpoint Network is an affiliate of Cardtronics Inc. (NASDAQ: CATM), an retail ATM owner.
From 23,000 to 55,000
Ongoing organic expansion, new retailer partners, international expansion, as well as merger and acquisition activity by parent company Cardtronics, all have factored into more than doubling Allpoint Network from 23,000 ATMs in 2003 to 55,000 surcharge-free cash machines in 2013. The newest 5,000 surcharge-free Allpoint ATMs arrive courtesy of Cardtronics' acquisition activity, specifically its Access to Money Inc. transaction of 2011, as well as acquiring the ATM operations and assets of ATM Network Inc. in 2012. Collectively, both acquisitions included thousands of merchant relationships originally established by Access to Money and ATM Network. A significant number of these new merchant locations give Allpoint Network greater ATM location saturation in the Upper Midwest and northern Plains states.
"Surcharge-free ATM access, even in this burgeoning age of mobile wallets and payments, continues to rank at or near the top of consumer wish lists when selecting a financial institution or prepaid card provider. And with smartphones fanning the flames of our on-demand culture, no single financial institution has enough ATMs, at least not without Allpoint ATMs," said Ben Psillas, president, Allpoint Network. "The guiding philosophy behind Allpoint Network surcharge-free ATMs - beyond the more locations the better - is to meet people where they are because consumers don't want to make extra trips or stops for cash."
The Largest...And Still Growing
As more than 1,100 financial institutions and prepaid card programs representing 33.4 million cardholders can attest, Allpoint Network provides surcharge-free ATM access in convenient retail locations where people already live, work and shop. Conveniently located in destination retail outlets including major discount retailers, convenience, grocery and pharmacy stores, Allpoint Network's 55,000 surcharge-free ATMs enable card issuers to help their customers save time as well as ATM fees.
"Although Allpoint Network long ago established its leadership position among surcharge-free ATM network providers, we feel duty-bound to our card-issuing members - as well as their cardholders - to continually expand surcharge-free ATM access," said Psillas. "By extending Allpoint Network's footprint at the most convenient retail locations in the United States and beyond, we've created value-added benefit for existing customers and enticing new reasons for all other card issuers to consider membership."
Allpoint Network is one of the largest surcharge-free ATM networks with more than 55,000 ATMs in leading national and regional merchant locations across the United States, Canada, Mexico, United Kingdom and Australia. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com. Allpoint Network is an affiliate of Cardtronics Inc.
About Cardtronics (NASDAQ: CATM)
Making ATM cash access convenient where people shop, work and live their lives, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 62,800 retail ATMs in U.S. and international locales. Whether Cardtronics is driving foot traffic for America's most relevant retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access on the local, national or global scene, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.