Allpoint ATM Network Passes 55,000 Mark (March 26, 2013)
Allpoint Network, the Bethesda, Md.-based ATM network operator, has expanded its surcharge-free network by 5,000 new cash machines located across the upper Midwest and northern Plains states. Allpoint’s surcharge-free ATM network, already the world’s largest, according to the company, now totals more than 55,000 machines across North America, the U.K. and Australia.
An affiliate of Cardtronics Inc., Allpoint’s network has more than doubled in size since 2003. “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,” noted Ben Psillas, president, Allpoint Network. To date, more than 1,100 financial institutions and prepaid card programs have signed on with Allpoint, representing 33.4 million cardholders. Prepaid card holders tend to place a particular value on easy and low-cost access to cash via surcharge-free ATMs, according to many industry observers.
The latest additions to the company’s network come as a result of Cardtronics’ acquisitions of merchant-owned ATM operators Access to Money Inc. and ATM Network Inc. Those purchases gave Allpoint access to “thousands of merchant relationships,” that were in line with company’s strategy of locating ATMs in conveniently located retail sites were people already shop, Psillas said.