Cash

Allpoint Network Boosts Digital Banking Transformation

Cardtronics ATM footprint

Allpoint Network, a wholly owned subsidiary of Cardtronics, is growing its membership with larger asset financial institutions.  A surcharge-free ATM network with 43,000 ATMs in the United States, Allpoint Network announced the latest bank to join its network — First Tennessee Bank.

“When First Tennessee Bank, which already has one of the highest customer retention rates of any bank in the country, adds Allpoint ATMs to its network, it is a powerful statement on how intertwined digital banking and ATMs have become in fulfilling the self-service demands of consumers,” Bill Knoll, EVP and managing director of Allpoint, said in a press release.

“At a time when ATMs are becoming America’s source for cash, Allpoint delivers to First Tennessee customers a national ATM footprint, high-quality retail locations and an unrivaled density of convenient cash access points,” Knoll continued.

The financial institution’s customers will now have access to ATMs placed in retailer locations nationwide, both within First Tennessee’s core branch footprint and across the nation in regions where the bank has a growing presence. The move will also add more than 570 surcharge-free ATMs to the bank’s existing network in Tennessee.

Dave Miller, EVP of consumer banking at First Tennessee, added:

“Our customers have enthusiastically embraced the digital transformation of banking, which has heightened the need for us to enhance our self-service capabilities, including the ATM. Allpoint Network, which allows First Tennessee customers to withdraw surcharge-free cash where and when it’s easiest for them, is evidence of our focus on consistently offering a best-in-class customer experience.”

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NEW PYMNTS STUDY: LEVERAGING THE DIGITAL BANKING SHIFT – SEPTEMBER 2020  

The September 2020 Leveraging The Digital Banking Shift Study, PYMNTS examines consumers’ growing use of online and mobile tools to open and manage accounts as well as the factors that are paramount in building and maintaining trust in the current economic environment. The report is based on a survey of nearly 2,200 account-holding U.S. consumers.

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