Branch Partners with Cardtronics to Give Workers Surcharge-Free ATM Services
March 05 2020 - 8:45AM
Branch, the only challenger bank that partners with employers to
help working Americans grow financially, has teamed up with
Cardtronics (Nasdaq: CATM) and its Allpoint Network to give Branch
customers surcharge-free access to cash at Allpoint ATMs throughout
the U.S.
Holders of the Branch Mastercard debit card will have access to
cash at all Allpoint ATMs in the U.S. with no transaction fees. The
agreement underscores Branch’s commitment to helping working
Americans, who are often underserved by traditional banks, get
ahead with free, fast, and flexible financial tools. The initiative
continues Branch’s efforts to eliminate fees for customers after
becoming the first company to offer instant access to earned wages
for free.
“With the majority of today’s workforce living paycheck to
paycheck, employees need equitable financial services that can
improve their financial health and help them save for a secure
future,” said Atif Siddiqi, Founder and CEO of Branch. “An
important part of that is giving them ready access to their
hard-earned cash without burdening them with ATM fees.”
Employers provide Branch as a free financial wellness benefit
that helps employees better address their day-to-day financial
needs. Along with offering customers instant access to a portion of
their earned wages ahead of their payday at no cost through the
Branch debit card, Branch delivers other financial wellness tools,
including budgeting, fee-free checking account, two-day early pay,
and instant gas hold refunds. The enterprise program allows
employers to save on turnover, overtime, and moving money faster to
their employees.
“Income volatility is one of the many challenges workers
confront when managing their money, and we’re pleased to partner
with a company like Branch that has demonstrated a commitment to
helping the workforce establish a firm financial foothold,” said
Carter Hunt, Managing Director of North America for Cardtronics.
“Having easier, surcharge-free access to funds is a significant
benefit to these customers.”
About BranchBranch is the only challenger bank
that partners with employers to help working Americans grow
financially. Employers turn to Branch not only to help them attract
and retain workers, but also reduce the costs of paper checks and
paycards by offering Branch as a free financial wellness benefit
and banking alternative. Employees that sign up with Branch can
receive a zero-fee bank account, free instant access to earned
wages, and budgeting tools to help them manage their cash flow
between paychecks. Branch has partnered with some of the nation’s
largest employers and are adding new employers daily in retail,
restaurant, logistics, manufacturing, and healthcare. To learn more
about Branch, visit www.branchapp.com and follow us on
Twitter, Facebook, and LinkedIn.
About Cardtronics (Nasdaq: CATM)Cardtronics is
the trusted leader in financial self-service, enabling cash
transactions at approximately 285,000 ATMs across 10 countries in
North America, Europe, Asia-Pacific, and Africa. Leveraging our
unmatched scale, expertise, and innovation, top-tier merchants and
businesses of all sizes use our ATM solutions to drive growth,
in-store traffic, and retail transactions. Financial services
providers rely on Cardtronics to deliver superior service at their
ATMs, on Cardtronics ATMs where they place their brand, and through
Cardtronics' Allpoint Network, the world’s largest surcharge-free
ATM network, with over 58,000 locations. As champions of cash,
Cardtronics converts digital currency into physical cash, driving
payments choice for businesses and consumers alike. To learn more
about Cardtronics, visit www.cardtronics.com and follow us on
LinkedIn and Twitter.
Contact Information:
Media RelationsLisa AlbistonVP Public Relations
and
Communications832-308-4000corporatecommunications@cardtronics.com |
Investor RelationsBrad ConradEVP –
Treasurer832-308-4000ir@cardtronics.com |
For more information,
please
visit:www.cardtronics.comwww.allpointnetwork.com |
|
Cardtronics is a registered trademark of
Cardtronics plc and its subsidiaries.All other trademarks are the
property of their respective owners.
Cardtronics (NASDAQ:CATM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cardtronics (NASDAQ:CATM)
Historical Stock Chart
From Apr 2023 to Apr 2024