Payments

Marqeta adding surcharge-free ATMs from Cardtronics

Image courtesy of iStock

April 22, 2021

Cardtronics has partnered with Marqeta to add its Allpoint surcharge-free ATM Network to Marqeta's card-issuing platform, according to a press release.

Marqeta offers an open API platform and by providing access to Cardtronics network of 55,000 ATMs, Marqeta can provide its customers a physical connection point for fee-free cash access in high-profile retail locations nationwide.

"In an increasingly competitive digital banking space, surcharge-free ATM access is becoming table stakes for companies looking to bring modern banking products to market," Salman Syed, Marqeta senior vice president/general manager, North America, said in the release. "We're looking forward to providing Marqeta customers greater cash access to Cardtronics' ATM network through our modern card issuing platform."

Cardtronics' retail-based surcharge-free ATM network and has more than 40,000 ATMs in the U.S. and 55,000 worldwide.

"Our nationwide network of Allpoint ATMs provides Marqeta with another layer of convenience and scale for its fintech customers, most of whom are catering to a new market of consumers focused on accessibility and convenience," Carter Hunt, managing director of North America for Cardtronics said in the release. "Our ATM network makes it safe and easy for internet banking customers to access their cash at convenient locations nationwide. We are excited to provide this physical infrastructure to Marqeta's platform."