"MasterCard is committed to delivering market solutions that differentiate our prepaid offerings, strengthen our programs, [image-nocss] and provide meaningful benefits to our issuers, program managers and cardholders," said Neil Dugan, vice president of U.S. markets for MasterCard Worldwide. "Providing an extensive surcharge-free ATM network is increasingly important to winning new business across consumer, commercial and public sector segments. By partnering with Cardtronics' Allpoint Network, we can help our prepaid partners to cost-effectively expand their ATM footprints, strengthening their prepaid offerings, and enhancing the cardholder experience."
Allpoint has a significant presence in all 50 states, with one out of 12 ATMs in the United States participating in its network. Allpoint's surcharge-free ATMs are located in highly trafficked retail locations like Target, 7-Eleven and Costco, providing convenience to cardholders and driving increased foot traffic for the retailers.
"The MasterCard Prepaid program, powered by Allpoint, will enable MasterCard issuers to meet and exceed the required levels of surcharge-free access on many payroll, tax, and government programs while meeting increasing general purpose cardholder demand for convenient surcharge-free ATM access," said Ben Psillas, president of Allpoint Network. "The scope of surcharge-free access coupled with top retail locations is a critical component to winning new business and increasing cardholder satisfaction. With Allpoint, Prepaid MasterCard cardholders will have access to the nation's largest surcharge-free ATM network."
Purchase, N.Y.-based MasterCard processes more than 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99% reliability. MasterCard advances global commerce through its family of brands, including MasterCard, Maestro and Cirrus; its suite of core products such as credit, debit and prepaid; and its platforms and functionalities, such as MasterCard PayPass and MasterCard inControl.
Houston-based Cardtronics is the world's largest nonbank owner of ATMs and operator of the largest surcharge-free ATM Network, Allpoint, with more than 32,000 ATMs in the United States. It operates more than 33,700 ATMs across its portfolio, and places ATMs with many of the nation's most influential merchants, including 7-Eleven, Costco, CVS/pharmacy, Kroger, Target and Walgreens. Across its network, Cardtronics provides financial institutions with innovative ways to connect to their customers including providing nationwide surcharge-free access through Allpoint.
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