News

MasterCard, Cardtronics set surcharge-free ATM program

September 26, 2005

HOUSTON - Cardtronics LP and MasterCard International have created a surcharge-free ATM program, according to a news release. Effective immediately, issuers of MasterCard-, Maestro- and Cirrus-branded ATM/debit cards may offer their cardholders surcharge-free cash withdrawals at Cardtronics' ATMs throughout the United States.

"Surcharge-free ATM options are increasingly a must for issuers of specialty debit card programs," said MasterCard International's senior vice president, Richard G. Lyons Jr. "The addition of Cardtronics' ATM network helps financial institutions better serve select portions of their debit card programs that may require or commonly include surcharge-free guarantees, such as with payroll and government EFT cards, and brokerage or other high-valued customer accounts. Moreover, the program also supports financial institutions that want to expand their delivery footprint to better serve their valued customers."

Cardholders will be able to utilize a free Web-based locator to find the nearest surcharge-free Cardtronics ATM.

Jack Antonini, Cardtronics' president and chief executive, said the surcharge-free offering is expected to help FIs target corporate and consumer clients.