News

TxVia Partners and Allpoint Network to expand surcharge-free ATM services

January 19, 2012

A press release yesterday announced that Allpoint Network, a Cardtronics, Inc. affiliate and operator of the largest surcharge-free ATM network, will partner with TxVia, Inc., a provider of operating systems to enable emerging payments and financial services.

The partnership will add Allpoint Network access to the a la carte menu of third-party services offered by TxVia. Program managers using TxVia for transaction processing will be able to open the Allpoint Network to their cardholders, providing surcharge-free cash at more than 43,000 ATMs located at retailers across the United States and beyond.

"Especially with reloadable prepaid cards gaining traction as cost-savings solutions in areas such as payroll and government benefit disbursements, prepaid has been and must converge with convenient cash access," said Jonathan Weiner, executive vice president, TxVia. "With its reputation for being where the people are, Allpoint Network ATMs are well-positioned to bridge the gap between prepaid and cash for program managers."

"For the individual receiving payroll or some other regular disbursement on a prepaid card, it's quite likely they don't have a traditional financial institution relationship, making a bank- or credit union-located ATM somewhat irrelevant to their lives," said Ben Psillas, president of Allpoint Network. "Allpoint Network surcharge-free ATMs are easily found in America's best-known retailers. And that positioning enables prepaid cardholders to withdraw cash at the same place they pick up life's essentials, making Allpoint Network especially relevant to prepaid card program managers and cardholders across the industry."

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