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Allpoint Network Heads North to Canada

Mercator Advisory Group by Mercator Advisory Group
September 12, 2012
in Analysts Coverage
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From a Cardtronics’ press release:

Allpoint Network, Cardtronics Inc. affiliate and operator of the largest surcharge-free ATM network, today announced Canada as the latest international addition to an emerging global presence now spanning the United States, Australia, Mexico, Puerto Rico and the United Kingdom.

Effective immediately, 7-Eleven Canada stores—470-plus total locations—host surcharge-free Allpoint Network ATMs, welcoming cardholders of participating Allpoint-member financial institutions 24/7. Cardholders looking for the nearest Allpoint ATM, including the new locations in Canada, can do so with their smartphone using the free Allpoint Network ATM locator app.

As customers of banks and other financial institutions become more aware of, and concerned about, account fees, the increase in demand for surcharge-free networks is crossing customer types and geographies.

In addition to having access to surcharge-free ATM transactions, customers and members value the fact that these networks also offer access to tens of thousands ATMs globally, more than is available from even the largest banks.

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