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Allpoint Network hits 1000-member milestone

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BETHESDA, Md. (1/31/08)--Allpoint Network serves more than 1,000 financial institutions with surcharge-free access to 32,000 ATMs, the company announced Tuesday. The milestone “proves that ATMs continue to be a major factor for consumers when selecting a financial institution,” said Ben Psillas, Allpoint founder and president. Consumer demand for surcharge-free ATM access is increasing due to rising surcharge fees. The increase of the average ATM surcharge outpaced inflation by 205% in 2007 and continues to rise, the company stated in a press release. Allpoint has created partnerships with credit union organizations and state credit union leagues in Pennsylvania, Illinois, Maryland, Delaware and New Jersey. It also made alliances with Credit Union 24, First Data and Fiserv. Allpoint is a division of Cardtronics.