Tuesday, February 13, 2018
HOUSTON, Feb. 13, 2018 – Allpoint, the largest surcharge-free ATM network with 55,000 ATMs worldwide, today announced Allpoint ATMs are now available at nearly 7,000 Walgreens drugstore locations nationwide – including for the first time locations in Alaska, Michigan and Nebraska. Allpoint Network is a wholly owned subsidiary of Cardtronics (Nasdaq: CATM).
This milestone comes after a year of significant growth for the Allpoint surcharge-free ATM network at Walgreens family of drugstore locations. Since late 2016, Allpoint has added approximately 2,000 locations with the drugstore chain in key metropolitan areas across the nation, including the introduction of Allpoint ATMs at Walgreens and Duane Reade stores in New York City, as well as Walgreens stores in Chicago. This year-long relationship expansion also involved adding entire states, with Allpoint ATMs newly appearing most recently in Walgreens locations statewide in Alaska, Michigan and Nebraska, and before that in Arizona, Colorado, Louisiana and Utah.
Allpoint-eligible cardholders can always find the nearest participating Allpoint surcharge-free ATM using the Allpoint ATM locator app.
“Our Allpoint surcharge-free ATM network, featuring an unrivaled scale and density of high-quality retail locations like Walgreens, is increasingly being embraced as the perfect cash access complement to the digital strategy of banks and credit unions of all sizes,” said Brian Bailey, Cardtronics Managing Director – North America.
Bailey continued: “In this era of bank transformation, it remains crucial to have the right physical presence in the right places to meet customer needs. The Allpoint Network provides the high-value physical network that empowers financial institutions to focus on their digital initiatives, while still providing the convenient, surcharge-free cash access their cardholders demand.”
Cash's Enduring Role in a Digital World
Cash has an important place in Americans' wallets and hearts, according to the Cardtronics Health of Cash survey. While people are adding digital options to their payments toolkit, there is compelling evidence cash has formed a durable and enduring bond with American consumers, who embrace choice rather than exclusively cashless in the way they pay.
Based on the most recent survey results, provided consumers have the freedom to choose, the rise of digital payments seems unlikely to dispel cash due to the enduring bond it has with consumers overall. The latest Health of Cash Study found that 89 percent of people like having the ability to use a variety of payment methods, and 82 percent of consumers would miss cash if it went away.
What's more, the overall desire for choice is reflected in consumers' feelings toward cashless establishments. Across all consumers, 61 percent admitted they get upset when establishments don't accept cash, regardless of their payment preference, and 66 percent think payment technology is moving too fast toward digital payments.
For additional insights from the Health of Cash survey, download the Health of Cash Study, along with the Health of Cash: Data Insights presentation at: www.cardtronics.com/HealthOfCash.
About the Cardtronics U.S. Health of Cash Study
Cardtronics partnered with Edelman Intelligence, an independent market research company, to conduct a 20 minute online survey among a nationally representative sample of n=1,000 U.S. adults ages 18+. Respondents were asked about their payment preferences and habits with results occasionally being split into groups based on what payment methods people used. Throughout the analysis, questions asked about mobile wallets, store-specific apps, bank P2P apps, non-bank P2P apps, and mobile order ahead & pay separately. For the purposes of analysis, these results were often aggregated into "digital payments." The margin of error for this sample is +/-3.1% at the 95% confidence level. The survey was fielded between May 26 and June 2, 2017.
Walgreens (walgreens.com), one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Approximately 8 million customers interact with Walgreens in stores and online each day, using the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice. Walgreens operates 8,100 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, along with its omnichannel business, Walgreens.com. Approximately 400 Walgreens stores offer Healthcare Clinic or other provider retail clinic services.
Allpoint Network is the largest surcharge-free ATM network with over 55,000 ATMs in leading national and regional merchant locations across the United States, Canada, Mexico, United Kingdom and Australia. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com, like us on Facebook and follow @Allpoint on Twitter. Allpoint Network is a wholly owned subsidiary of Cardtronics plc (Nasdaq: CATM).
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