Allpoint

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Allpoint
Operating areaUnited States, Canada, Mexico, United Kingdom, Australia, and New Zealand
Members±1,100
ATMsOver 230,000[1]
Founded2003; 21 years ago (2003)
OwnerNCR Atleos
Websitewww.allpointnetwork.com

Allpoint is an interbank network connecting automated teller machines (ATMs). It offers surcharge-free transactions at ATMs in its network. It operates in the United States, Canada, Mexico, United Kingdom, Australia, and New Zealand. Allpoint is owned by NCR Atleos.

History[edit]

Allpoint was founded in 2003 by entrepreneur Ben Psillas of ATM National, Inc., who was tired of looking for ATMs from his own bank.[2]

In 2005, Cardtronics acquired ATM National, Inc. and Allpoint.[3]

In September 2008, Allpoint added ATMs at 5,500 7-Eleven stores to its network.[4]

In October 2010, the network expanded to Australia.[5]

In January 2011, the network expanded to Mexico.[6] In July 2016, Fifth Third Bank joined the network.[7]

In 2015, network member KeyBank of Ohio was awarded a contract to distribute unemployment claims in the state of New York. Large numbers of New Yorkers were able to leverage the network affiliation to avoid surcharges against their COVID-19 related unemployment benefits when their preferred ATM machines were emptied during the 2020 pandemic. [8]

In September 2016, First Tennessee joined the network.[9]

In July 2017, Rite Aid joined the network.[10] Kroger stores in Atlanta were also added to the network.[11] Effective July 2017, ATMs in 7-Eleven stores were removed from the network.[12]

In September 2017, Speedway LLC joined the network.[13]

In October 2017, Five Star Bank joined the network.[14]

Also in 2017, the network counted over 200,000 affiliated ATM machines and became the largest ATM owner/operator in the world.[1]

References[edit]

  1. ^ a b "ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934". Archives. Securities and Exchange Commission. 2018-02-28. Retrieved 2020-10-17. We also own and operate the Allpoint network ("Allpoint"), the largest surcharge-free ATM network (based on the number of participating ATMs). As of December 31, 2017, we were the world's largest ATM owner/operator, providing services to over 230,000 ATMs.
  2. ^ "Allpoint Network Flourishes by Providing Surcharge-Free ATM Access" (Press release). GlobeNewswire. January 15, 2009.
  3. ^ "Cardtronics Announces Fourth Quarter and Full Year 2005 Financial Results" (Press release). GlobeNewswire. February 22, 2006.
  4. ^ "Allpoint Network Adds 7-Eleven ATMs" (Press release). GlobeNewswire. September 3, 2008.
  5. ^ "Allpoint(R) Network Expands to Australia" (Press release). GlobeNewswire. October 18, 2010.
  6. ^ "Allpoint(R) Network Enters Mexico" (Press release). GlobeNewswire. January 18, 2011.
  7. ^ "Allpoint Network Key to Fifth Third Bank Transformation" (Press release). GlobeNewswire. July 19, 2016.
  8. ^ Haag, Matthew (2020-06-05). "To Reach a Single A.T.M., a Line of Unemployed Stretches a Block". New York Times. New York. Retrieved 2020-10-17.
  9. ^ "First Tennessee Bank Transforms ATM Channel with Allpoint Network" (Press release). GlobeNewswire. September 13, 2016.
  10. ^ "Allpoint Surcharge-Free ATM Network Adds Rite Aid Pharmacies" (Press release). GlobeNewswire. July 11, 2017.
  11. ^ "Allpoint Surcharge-Free ATM Network Adds Kroger Grocery Stores in Atlanta" (Press release). GlobeNewswire. July 27, 2017.
  12. ^ Morrison, David (July 10, 2015). "7-Eleven Shakes Up ATM Market". Credit Union Times.
  13. ^ "Allpoint Surcharge-Free ATM Network Now Available in Speedway Convenience Stores" (Press release). GlobeNewswire. September 21, 2017.
  14. ^ "Five Star Bank Partners with Allpoint to Expand ATM Network" (Press release). GlobeNewswire. October 16, 2017.
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