Credit Union of America Selects NCR Atleos Allpoint Network to Expand Access to Cash
NCR Atleos (NYSE: NATL) announced that Credit Union of America (CUA), a $1.5 billion-asset institution, has joined Atleos' Allpoint Network to expand its national reach and enhance members' access to financial services. This partnership allows CUA's members to use over 55,000 surcharge-free ATMs across the country, in addition to their existing ATM network.
The collaboration aims to provide CUA members with convenient physical touchpoints for cash withdrawals and other critical financial services, especially in areas without nearby branches. Dan Umscheid, VP of Payments Solutions & Strategy for CUA, emphasized the importance of offering reliable, surcharge-free access to cash as part of their expansion strategy. Steven Nogalo, GM of North America for Atleos, highlighted the increasing demand for utility ATM networks, which benefit both consumers and financial institutions.
NCR Atleos (NYSE: NATL) ha annunciato che la Credit Union of America (CUA), un'istituzione con un patrimonio di 1,5 miliardi di dollari, ha aderito alla rete Allpoint di Atleos per espandere la sua portata a livello nazionale e migliorare l'accesso dei membri ai servizi finanziari. Questa partnership consente ai membri della CUA di utilizzare oltre 55.000 sportelli automatici senza commissioni in tutto il paese, oltre alla loro rete di sportelli esistente.
La collaborazione mira a fornire ai membri della CUA punti di contatto fisici convenienti per prelievi di contante e altri servizi finanziari critici, specialmente in aree prive di filiali. Dan Umscheid, VP di Payment Solutions & Strategy per CUA, ha sottolineato l'importanza di offrire accesso affidabile e senza commissioni al contante come parte della loro strategia di espansione. Steven Nogalo, GM del Nord America per Atleos, ha evidenziato la crescente domanda di reti di sportelli automatici utili, che avvantaggiano sia i consumatori che le istituzioni finanziarie.
NCR Atleos (NYSE: NATL) anunció que la Credit Union of America (CUA), una institución con activos de 1.5 mil millones de dólares, se ha unido a la Red Allpoint de Atleos para expandir su alcance nacional y mejorar el acceso de sus miembros a los servicios financieros. Esta asociación permite a los miembros de CUA usar más de 55,000 cajeros automáticos sin comisiones en todo el país, además de su red de cajeros existente.
La colaboración tiene como objetivo proporcionar a los miembros de CUA puntos de contacto físicos convenientes para retiradas de efectivo y otros servicios financieros críticos, especialmente en áreas sin sucursales cercanas. Dan Umscheid, VP de Soluciones de Pagos y Estrategia para CUA, enfatizó la importancia de ofrecer acceso confiable y sin comisiones al efectivo como parte de su estrategia de expansión. Steven Nogalo, GM de América del Norte para Atleos, destacó la creciente demanda de redes de cajeros automáticos útiles, que benefician tanto a los consumidores como a las instituciones financieras.
NCR Atleos (NYSE: NATL)는 15억 달러 규모의 자산을 보유한 미국신용조합(CUA)이 국경을 넘어 Atleos의 Allpoint 네트워크에 가입하여 회원들이 금융 서비스에 접근할 수 있는 기회를 확대했다고 발표했습니다. 이번 파트너십을 통해 CUA 회원들은 기존 ATM 네트워크 외에도 55,000대 이상의 수수료 없는 ATM을 이용할 수 있게 됩니다.
협력의 목적은 특히 인근 지점이 없는 지역에서 현금 인출 및 기타 중요한 금융 서비스를 위한 편리한 물리적 접점을 CUA 회원에게 제공하는 것입니다. CUA의 결제 솔루션 및 전략 부사장인 Dan Umscheid는 확장 전략의 일환으로 신뢰할 수 있는 수수료 없는 현금 접근을 제공하는 것의 중요성을 강조했습니다. Atleos의 북미 총괄 매니저인 Steven Nogalo는 소비자와 금융 기관 모두에게 혜택을 주는 유틸리티 ATM 네트워크에 대한 수요 증가를 강조했습니다.
NCR Atleos (NYSE: NATL) a annoncé que la Credit Union of America (CUA), une institution ayant des actifs de 1,5 milliard de dollars, a rejoint le réseau Allpoint d'Atleos pour étendre sa portée nationale et améliorer l'accès de ses membres aux services financiers. Ce partenariat permet aux membres de la CUA d'utiliser plus de 55 000 guichets automatiques sans frais supplémentaires à travers le pays, en plus de leur réseau de guichets actuel.
La collaboration vise à fournir aux membres de la CUA des points de contact physiques pratiques pour les retraits d'espèces et d'autres services financiers essentiels, en particulier dans les zones dépourvues de succursales à proximité. Dan Umscheid, VP des Solutions de Paiement et de la Stratégie pour la CUA, a souligné l'importance d'offrir un accès fiable et sans frais supplémentaires aux espèces dans le cadre de leur stratégie d'expansion. Steven Nogalo, DG d'Atleos pour l'Amérique du Nord, a souligné la demande croissante pour des réseaux de guichets automatiques fonctionnels, qui profitent à la fois aux consommateurs et aux institutions financières.
NCR Atleos (NYSE: NATL) hat angekündigt, dass die Credit Union of America (CUA), eine Institution mit einem Vermögen von 1,5 Milliarden Dollar, dem Allpoint-Netzwerk von Atleos beigetreten ist, um ihre nationale Reichweite zu erweitern und den Zugang ihrer Mitglieder zu Finanzdienstleistungen zu verbessern. Diese Partnerschaft ermöglicht es den Mitgliedern von CUA, über 55.000 gebührenfreie Geldautomaten im ganzen Land zu nutzen, zusätzlich zu ihrem bestehenden Geldautomaten-Netzwerk.
Die Zusammenarbeit zielt darauf ab, den CUA-Mitgliedern praktische physische Anlaufstellen für Bargeldabhebungen und andere wichtige Finanzdienstleistungen bereitstellen zu können, insbesondere in Gebieten ohne nahegelegene Filialen. Dan Umscheid, VP für Zahlungslösungen und Strategie bei CUA, betonte die Bedeutung der Bereitstellung von zuverlässigem, gebührenfreiem Zugang zu Bargeld als Teil ihrer Expansionsstrategie. Steven Nogalo, GM von Nordamerika für Atleos, hob die wachsende Nachfrage nach nützlichen Geldautomaten-Netzwerken hervor, die sowohl Verbrauchern als auch Finanzinstituten zugutekommen.
- Credit Union of America joins Atleos' Allpoint Network, expanding access to 55,000+ surcharge-free ATMs
- Partnership enhances CUA's national presence and member services without additional branch investments
- Collaboration provides cost-effective solution for CUA to connect with members through trusted retail locations
- None.
Insights
Credit Union of America's (CUA) partnership with NCR Atleos' Allpoint Network is a strategic move to enhance its national presence and member services. This collaboration allows CUA to expand its ATM network by over 55,000 surcharge-free locations, significantly increasing its reach without the need for physical branch expansion.
The partnership addresses two critical aspects:
- Cost-efficiency: CUA can grow its footprint without substantial capital investment in new branches or ATMs.
- Member satisfaction: Provides convenient access to cash and financial services, potentially improving member retention and attraction.
For NCR Atleos, this deal reinforces its position in the financial services sector and demonstrates the growing demand for shared ATM networks. The partnership could lead to increased revenue and market share for Atleos if more financial institutions follow suit.
This partnership reflects a broader industry trend towards collaborative financial ecosystems. As consumers increasingly demand seamless access to their funds, financial institutions are leveraging shared networks to meet these expectations cost-effectively.
Key market implications include:
- Shift in competitive landscape: Smaller institutions can now compete more effectively with larger banks on accessibility.
- Changing consumer behavior: Despite the rise of digital payments, this move underscores the continued importance of cash access for many consumers.
- Potential market consolidation: Success of such partnerships could drive more financial institutions to join shared networks, potentially leading to industry consolidation.
For investors, this trend suggests potential growth opportunities in companies facilitating these shared networks and technologies enabling seamless integration across financial platforms.
CUA has been supporting members and communities around the state and beyond for nearly 90 years. As the credit union continues to grow and expand geographically, it was looking for a way to provide members across the country with convenient physical touchpoints to withdraw cash and access other critical financial services. Atleos’ Allpoint Network enables CUA’s members to use over 55,000 surcharge-free ATMs where they already live, shop and travel, in addition to other ATMs they already have access to.
“As part of our ongoing expansion, we wanted to provide options for meaningful physical interactions even when there isn’t a branch nearby, while also ensuring our members always have reliable, surcharge-free access to cash,” said Dan Umscheid, Vice President of Payments Solutions & Strategy for CUA. “With Atleos, we have found a cost-effective, easy way to connect with members from the safety and convenience of trusted retail locations. We will be able to enhance our national presence while delivering safe, convenient physical touchpoints that strengthen member relationships.”
“The demand for utility ATM networks continues to increase; such an approach widens access to cash for consumers while reducing the cost burden for banks and credit unions,” explained Steven Nogalo, General Manager of
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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Scott Sykes
NCR Atleos
scott.sykes@ncratleos.com
Source: NCR Atleos Corporation
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