Allpoint Network, a Cardtronics, Inc. affiliate (NASDAQ: CATM), and operator of the largest surcharge-free ATM network, today announced a partnership with TxVia, Inc. resulting in Allpoint Network access being added to the a la carte menu of third-party services offered by TxVia, which provides the most advanced operating system to enable emerging payments and financial services.
Through this partnership, program managers looking to TxVia for transaction processing can open the Allpoint Network to their cardholders, making surcharge-free cash access a reality at over 43,000 ATMs located at America's most relevant retailers across the United States and beyond.
"At TxVia, we don't see prepaid cards as an isolated category of payments," said Jonathan Weiner, executive vice president, TxVia. "As it continues to evolve as a payment instrument, 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. 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, 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."
Systems & Methods, Inc. (SMI) was one of the first TxVia clients to enhance their prepaid card programs with surcharge-free cash access for cardholders at Allpoint Network ATMs. Since 1971, state and local government agencies have looked to Georgia-based Systems & Methods, Inc. (SMI) for a variety of technology-driven process efficiency services, including solutions for payments and financial systems. Having formed relationships with 22 states and over 160 agencies, SMI manages the prepaid card programs for two states. The smiONE prepaid card programs facilitate electronic disbursements to un- and under-banked recipients. Surcharge-free cash access at Allpoint Network ATMs is available to smiONE cardholders.