Allpoint National LLC's smartphone ATM-locator service could help generate more transactions on the surcharge-free network's ATMs, the company's president says.
Bethesda, Md.-based Allpoint announced last week that customers of financial institutions participating in the surcharge-free ATM network can download the ATM-locator application to their BlackBerry smartphones.
In March, Allpoint launched an application for the Android smartphone and last summer for the iPhone.
"With the locator service, Allpoint customers can treat Allpoint ATMs the same as their banks' ATMs and make surcharge-free ATM withdrawals," Ben Psillas, the company's chief executive, tells ATM&Debit News, declining to project volume growth. Psillas says it is too early to tell whether the locator has boosted ATM transactions. "Maybe we will have something in three to six months," he wrote in an e-mail message.
Allpoint, which operates 37,500 ATMs in the United States, United Kingdom and Puerto Rico, signs agreements with banks and credit unions that own limited numbers of ATMs. Through those agreements, the institutions' cardholders have surcharge-free access to ATMs in the Allpoint network. Allpoint's ATMs are located in a variety of retail locations, including Walgreen, CVS/pharmacy, Safeway and Target stores.
"We developed the application, and we e-mailed a link to access the application to our customers so their customers can download it," Psillas says.
Customers type "ATMs near me," after entering their ZIP code, street and city into the smartphone application. The phones' internal global positioning systems connect to Allpoint's database, locating the nearest ATM. The network also provides a map for directions. ATM