Chime Partners with NCR Atleos to Expand Brand Reach Across the United States
NCR Atleos (NYSE: NATL) has announced an expanded partnership with Chime, the #1 Most Loved Banking App. Chime will now brand ATMs at 4,000 Walgreens stores across the United States, leveraging Atleos' Allpoint Network. This expansion builds on their existing relationship, which has provided Chime members with access to over 50,000 fee-free ATMs since 2021.
The branding initiative, set to begin in August, aims to increase Chime's visibility and make it easier for cardholders to identify fee-free ATMs. This move enhances Chime's strategy of combining mobile-first banking with convenient cash access, allowing members to withdraw money at no cost while shopping at Walgreens.
NCR Atleos (NYSE: NATL) ha annunciato un'espansione della partnership con Chime, la app bancaria più amata. Chime brandizzerà ora i bancomat in 4.000 negozi Walgreens negli Stati Uniti, sfruttando la rete Allpoint di Atleos. Questa espansione si basa sulla relazione esistente, che ha fornito ai membri di Chime accesso a oltre 50.000 bancomat senza commissioni dal 2021.
L'iniziativa di branding, prevista per agosto, mira ad aumentare la visibilità di Chime e a facilitare l'identificazione dei bancomat senza commissioni da parte dei titolari di carta. Questo passo rafforza la strategia di Chime di combinare la banca mobile-first con l'accesso conveniente ai contanti, consentendo ai membri di prelevare denaro senza costi mentre fanno acquisti da Walgreens.
NCR Atleos (NYSE: NATL) ha anunciado una ampliación de asociación con Chime, la aplicación bancaria más querida. Chime ahora marcará cajeros automáticos en 4,000 tiendas Walgreens en los Estados Unidos, aprovechando la red Allpoint de Atleos. Esta expansión se basa en su relación existente, que ha proporcionado a los miembros de Chime acceso a más de 50,000 cajeros automáticos sin tarifas desde 2021.
La iniciativa de marca, que comenzará en agosto, tiene como objetivo aumentar la visibilidad de Chime y facilitar a los titulares de tarjetas la identificación de cajeros automáticos sin tarifas. Este movimiento refuerza la estrategia de Chime de combinar la banca móvil con el acceso conveniente al efectivo, permitiendo a los miembros retirar dinero sin costo mientras compran en Walgreens.
NCR Atleos (NYSE: NATL)가 1위 가장 사랑받는 은행 앱인 Chime과의 파트너십 확대를 발표했습니다. Chime은 이제 4,000개의 Walgreens 매장에 있는 ATM의 브랜드화를 진행하며, Atleos의 Allpoint 네트워크를 활용합니다. 이 확장은 2021년 이후 Chime 회원들에게 50,000개의 수수료 없는 ATM에 접근할 수 있는 서비스를 제공해온 기존 관계를 기반으로 합니다.
이 브랜드화 이니셔티브는 8월부터 시작될 예정이며, Chime의 가시성을 높이고 카드 소지자들이 수수료 없는 ATM을 쉽게 식별할 수 있도록 하는 것을 목표로 합니다. 이 조치는 모바일 우선 뱅킹과 편리한 현금 접근을 결합하는 Chime의 전략을 강화하며, 회원들이 Walgreens에서 쇼핑을 하면서 비용 부담 없이 돈을 인출할 수 있게 합니다.
NCR Atleos (NYSE: NATL) a annoncé un partenariat élargi avec Chime, la première application bancaire la plus appréciée. Chime va désormais brander des distributeurs automatiques dans 4 000 magasins Walgreens à travers les États-Unis, en s'appuyant sur le réseau Allpoint d'Atleos. Cette expansion repose sur leur relation existante, qui a permis aux membres de Chime d'accéder à plus de 50 000 distributeurs automatiques sans frais depuis 2021.
L'initiative de branding, qui devrait débuter en août, vise à accroître la visibilité de Chime et à faciliter l'identification par les titulaires de cartes des distributeurs automatiques sans frais. Ce mouvement renforce la stratégie de Chime de combiner la banque mobile avec un accès pratique aux espèces, permettant aux membres de retirer de l'argent sans frais tout en faisant leurs courses chez Walgreens.
NCR Atleos (NYSE: NATL) hat eine erweiterte Partnerschaft mit Chime angekündigt, der am meisten geschätzten Banking-App. Chime wird nun Geldautomaten in 4.000 Walgreens-Filialen in den Vereinigten Staaten brandmarken, dabei wird das Allpoint-Netzwerk von Atleos genutzt. Diese Expansion baut auf der bestehenden Beziehung auf, die Chime-Mitgliedern seit 2021 den Zugang zu über 50.000 gebührenfreien Geldautomaten ermöglicht hat.
Die Branding-Initiative, die im August starten soll, zielt darauf ab, die Sichtbarkeit von Chime zu erhöhen und es den Karteninhabern zu erleichtern, gebührenfreie Geldautomaten zu identifizieren. Dieser Schritt verstärkt Chimes Strategie, mobiles Banking mit bequemem Bargeldzugang zu kombinieren, sodass Mitglieder ohne Kosten Geld abheben können, während sie bei Walgreens einkaufen.
- Expansion of partnership with Chime, a popular banking app
- Branding of ATMs at 4,000 Walgreens stores, increasing visibility
- Potential for increased transaction volume and revenue from expanded ATM network
- None.
Insights
The partnership between Chime and NCR Atleos marks a significant move in the fintech and banking services landscape. By expanding Chime's brand presence across 4,000 Walgreens stores, this collaboration enhances Chime's physical touchpoints and potentially its customer acquisition strategy.
This move could lead to increased transaction volume for Chime, as greater visibility often translates to higher usage. For NCR Atleos, this deal likely means additional revenue streams and strengthened positioning in the ATM network market. The partnership may also signal a shift in consumer banking preferences, blending digital-first approaches with traditional cash access points.
However, investors should note that while this expansion might boost Chime's brand recognition, its impact on profitability remains to be seen, considering the fee-free nature of the service. The long-term success will depend on how effectively this translates into customer growth and retention for Chime and increased network value for NCR Atleos.
This partnership reflects a strategic response to evolving consumer behavior in the banking sector. Despite the rise of digital banking, the demand for cash access remains significant, especially among certain demographics. Chime's expansion of its ATM network through Walgreens locations taps into the convenience factor that drives consumer choices in financial services.
The move could potentially increase Chime's market share by attracting customers who value both digital banking and easy cash access. It also positions Chime more competitively against traditional banks with extensive ATM networks. For NCR Atleos, this deal reinforces its position in the ATM infrastructure market and demonstrates its ability to adapt to fintech partnerships.
Investors should monitor how this expansion affects Chime's user acquisition costs and customer lifetime value. The success of this strategy could influence similar moves by other digital banks, potentially reshaping the competitive landscape in the fintech sector.
NCR Atleos will begin branding ATMs at 4,000 Walgreens stores with the award-winning Chime brand to build greater awareness with consumers. (Photo: Business Wire)
Atleos’ Allpoint Network has provided reliable, secure, and scaled fee-free ATM access for Chime members since 2021. Today, Chime offers its members a network of more than 50,0002 fee-free ATMs, provided by Atleos’ Allpoint Network. Beginning in August, Atleos will begin branding ATMs at 4,000 Walgreens stores with the award-winning Chime brand to build greater awareness with consumers.
“We are delighted to expand our relationship with Chime,” said Stuart Mackinnon, COO of Atleos. “It will be easier than ever for Chime cardholders to identify and use fee-free ATMs to access cash.”
“Our members love the mobile-first convenience and ease of Chime, but they still expect convenient, fee-free access to cash,” said Nick Fairbairn, Vice President of Marketing for Chime. “This partnership with Atleos has ensured our members have easy access to cash when they need it by simply stopping into their local Walgreens and even shopping for everyday essentials while they’re at it.”
About Chime
Chime is a financial technology company, not a bank, founded on the premise that basic banking services should be helpful, transparent, and fair. Chime aims to profit with consumers, and not from them and has a business model that doesn’t rely on consumer fees such as overdraft, monthly service, or minimum balance fees. For additional information: www.chime.com.
About Atleos
Atleos (NYSE: NATL) is a leader in expanding self-service financial access, with industry-leading ATM expertise and experience, unrivalled operational scale including the largest independently-owned ATM network, always-on global services and constant innovation. Atleos improves operational efficiency for financial institutions, drives footfall for retailers and enables digital-first financial self-service experiences for consumers. Atleos is headquartered in
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1. Chime is recommended by more of its users than that of any brand per 2023 Qualtrics® NPS score.
2. Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240807326664/en/
Scott Sykes
NCR Atleos
scott.sykes@ncratleos.com
Source: NCR Atleos Corporation
FAQ
How many Walgreens stores will feature Chime-branded ATMs from NCR Atleos?
When will NCR Atleos (NATL) start branding ATMs with Chime's logo?
How many fee-free ATMs does Chime offer its members through NCR Atleos' Allpoint Network?
What is the main benefit for Chime members in this partnership with NCR Atleos (NATL)?
