MasterCard®, Cardtronics Announce Surcharge-Free ATM Partnership Through Allpoint Network®
September 30 2010 - 9:00AM
Business Wire
MasterCard Worldwide and Cardtronics, Inc., today announced an
exclusive alliance providing Prepaid MasterCard issuers and program
managers an opportunity to expand their ATM footprints through
Cardtronics’ Allpoint Network, America’s largest surcharge-free ATM
Network. The agreement provides Prepaid MasterCard issuers with the
tools to compete effectively for new business and participants with
surcharge-free access to more than 32,000 ATMs within the United
States.
“MasterCard is committed to delivering market solutions that
differentiate our prepaid offerings, strengthen our programs, and
provide meaningful benefits to our issuers, program managers and
cardholders,” said Neil Dugan, Vice President, U.S. Markets,
MasterCard Worldwide. “Providing an extensive surcharge-free ATM
network is increasingly important to winning new business across
consumer, commercial and public sector segments. By partnering with
Cardtronics’ Allpoint Network, we can help our prepaid partners to
cost-effectively expand their ATM footprints, strengthening their
prepaid offerings, and enhancing the cardholder experience.”
Allpoint has a significant presence in all 50 states, with one
out of 12 ATMs in the United States participating in its network.
Allpoint’s surcharge-free ATMs are located in highly trafficked
retail locations like Target®, 7-Eleven®, and Costco®, providing
convenience to cardholders and driving increased foot traffic for
the retailers.
“The MasterCard Prepaid program, powered by Allpoint, will
enable MasterCard issuers to meet and exceed the required levels of
surcharge-free access on many payroll, tax, and government programs
while meeting increasing general purpose cardholder demand for
convenient surcharge-free ATM access,” said Ben Psillas, President,
Allpoint Network. “The scope of surcharge-free access coupled with
top retail locations is a critical component to winning new
business and increasing cardholder satisfaction. With Allpoint,
Prepaid MasterCard cardholders will have access to the nation’s
largest surcharge-free ATM network.”
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide
prides itself on being at the heart of commerce, helping to make
life easier and more efficient for everyone, everywhere. MasterCard
serves as a franchisor, processor and advisor to the payments
industry, and makes commerce happen by providing a critical
economic link among financial institutions, governments,
businesses, merchants, and cardholders worldwide. In 2009, $2.5
trillion in gross dollar volume was generated on its products by
consumers around the world. Powered by the MasterCard Worldwide
Network – the fastest payment processing network in the world –
MasterCard processes over 22 billion transactions each year, has
the capacity to handle 140 million transactions per hour, with an
average network response time of 140 milliseconds and with 99.99
percent reliability. MasterCard advances global commerce through
its family of brands, including MasterCard®, Maestro®, and Cirrus®;
its suite of core products such as credit, debit, and prepaid; and
its innovative platforms and functionalities, such as MasterCard
PayPass™ and MasterCard inControl™. MasterCard serves consumers,
governments, and businesses in more than 210 countries and
territories. For more information, please visit us at
www.mastercard.com. Follow us on Twitter: @mastercardnews.
About Cardtronics
Cardtronics (NASDAQ: CATM) is the world's largest non-bank owner
of ATMs and operator of the largest surcharge-free ATM Network,
Allpoint, with more than 32,000 ATMs in the U.S. Cardtronics
operates over 33,700 ATMs across its portfolio, and places ATMs
with many of the nation’s most influential merchants, including
7-Eleven®, Costco®, CVS®/pharmacy, Kroger®, Target® and Walgreens®.
Across its network, Cardtronics provides financial institutions
with innovative ways to connect to their customers including
providing nationwide surcharge-free access through Allpoint.
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, visit www.cardtronics.com or
www.allpointnetwork.com.
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