Search
 

Allpoint Lands A Big One

BOCA RATON, Fla. - The $630 million IBM Southeast Employees' FCU, headquartered in Boca Raton, has joined Allpoint, the nation's largest ATM network which does not surcharge cardholders. "We are very excited about IBMSECU joining Allpoint," said Ben Psillas, President of Allpoint Network. "When one of the main reasons consumers...

By Staff Writer | Updated on July 20, 2004

BOCA RATON, Fla. – The $630 million IBM Southeast Employees’ FCU, headquartered in Boca Raton, has joined Allpoint, the nation’s largest ATM network which does not surcharge cardholders. “We are very excited about IBMSECU joining Allpoint,” said Ben Psillas, President of Allpoint Network. “When one of the main reasons consumers join a financial institution is ATM access, it is very hard for credit unions to compete with banks such as Bank of America and Wachovia,” Psillas added. “It is a very powerful marketing message when a credit union like IBMSECU can now say they offer more surcharge-free ATM access than Bank of America, both nationwide and in their home state of Florida.” “Access to surcharge-free ATMs has long been a priority need voiced by our membership. Allpoint delivers an excellent solution for that need,” said Lary B. McCants, CEO of IBM Southeast Employees. Credit unions which join Allpoint negotiate and pay a flat fee based on their card base and transaction levels. Allpoint passes a portion of this income to Cardtronics, the independent service organization whose network Allpoint uses.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.