Fortú to Offer Surcharge-Free ATM Access through New Partnership with Cardtronics

Rhea-AI Summary

Cardtronics announces a partnership with Fortú to provide fee-free cash access for Latino and Hispanic-Americans through the Allpoint ATM Network. This collaboration allows Fortú members to utilize over 55,000 ATMs located at prominent retail establishments without incurring surcharges. The initiative aims to address the unique financial needs of the Latino community in the U.S., emphasizing the significance of cash transactions. Cardtronics, with its extensive ATM network, continues to promote inclusive financial solutions.

Positive

• Partnership with Fortú enhances ATM access for Latino and Hispanic-American communities.
• Fortú users gain access to over 55,000 fee-free ATMs at top retail locations.
• Alignment with cultural needs of Latino households promotes financial inclusion.

Negative

• None.

Agreement Provides Fee-Free Allpoint ATM Access at Top Retail Establishments

HOUSTON, April 29, 2021 (GLOBE NEWSWIRE) -- Cardtronics announced today that Fortú, the first culturally contextual digital bank account for Latino and Hispanic-Americans, has partnered with Cardtronics to offer surcharge-free cash access for its members through the Allpoint Network of ATMs.

Fortú users now have convenient and fee-free access to their funds through the Allpoint Network of 55,000 ATMs located at top retail establishments, including grocery and convenience stores, pharmacies, and big-box stores.

Understanding the importance of family within the Latino community, Fortú aims to meet their unique needs in the U.S market, where households often share finances. Adding Allpoint’s retail-based ATMs to its platform helps Fortú bridge the gap between the Latino community's cultural needs and convenient access to hard-earned cash without fees.

“Cash is an important part of Latino and Hispanic financial lives in the U.S., and we’re proud to partner with Cardtronics in bringing its large network of conveniently located and surcharge-free Allpoint ATMs to our users,” said Charles Yim, Fortú CEO.

“Fortú is filling an important need by helping Latino households establish financial footing by offering things like convenient, secure, and surcharge-free access to cash,” said Carter Hunt, Managing Director of North America for Cardtronics. “It is a privilege to be a part of providing the infrastructure and support for creating a more inclusive financial ecosystem.”

Cardtronics’ Allpoint Network is the world’s largest retail-based surcharge-free ATM network, with more than 40,000 ATMs in the U.S. and 55,000 worldwide.

About Fortú
Fortú is a digital bank account built for the culturally contextual needs of the 60 million plus Latinos and Hispanics across the U.S. Based in Miami, FL, Fortú is backed by Valar Ventures and other leading fintech investors. Banking services are provided by LendingClub Bank N.A., Member FDIC.

About Cardtronics (NASDAQ: CATM)
Cardtronics is the trusted leader in financial self-service, enabling cash transactions at over 285,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa. With our scale, expertise, and innovation, top-tier merchants and businesses of all sizes use our ATM solutions to drive growth, in-store traffic, and retail transactions. Financial services providers rely on Cardtronics to deliver superior service at their own ATMs, on Cardtronics ATMs where they place their brand, and through Cardtronics' Allpoint Network, the world’s largest retail-based surcharge-free ATM network, with over 55,000 locations. As champions of cash, Cardtronics converts digital currency into physical cash, driving payments choice for businesses and consumers alike. Learn more about Cardtronics by visiting www.cardtronics.com and by following us on LinkedIn and Twitter.

Contact Information:

Media Relations Lisa Albiston VP Public Relations and Communications 832-308-4000 corporatecommunications@cardtronics.com	Investor Relations Brad Conrad EVP – Treasurer 832-308-4000 ir@cardtronics.com
For more information, please visit: www.cardtronics.com www.allpointnetwork.com www.fortu.com	Fortú Media Contact Nicole Chivite Nicole@ccomgroupinc.com (786) 208-7393

Cardtronics is a registered trademark of Cardtronics plc and its subsidiaries.
All other trademarks are the property of their respective owners.

FAQ

What is the significance of the Cardtronics and Fortú partnership?

The partnership provides fee-free cash access for Latino and Hispanic-American members through Allpoint ATMs, addressing their unique financial needs.

How many ATMs are included in the Allpoint Network?

The Allpoint Network includes over 55,000 ATMs located at various retail establishments across the U.S.

What cultural needs does Fortú address with this partnership?

Fortú aims to meet the financial needs of Latino households, where cash transactions are significant and finances are often shared among family members.

What type of banking services does Fortú offer?

Fortú offers a digital bank account tailored for the culturally contextual needs of the Latino and Hispanic communities.

What company is cited in the press release for having the largest ATM network?

Cardtronics operates the largest retail-based surcharge-free ATM network in the world.