BETHESDA, Md., Dec. 17, 2007 (PRIME NEWSWIRE) -- Northern Trust, a leading provider of personal financial services for affluent individuals and families, has joined Allpoint(tm) Network to expand its ATM presence and provide its customers with surcharge-free ATM access nationwide. By joining Allpoint, Northern Trust will add 32,000 surcharge-free ATMs at convenient retailers such as Target, Costco, Walgreens, and CVS.
"We are very excited about Northern Trust joining the Allpoint Network," said Ben Psillas, President of Allpoint. "Northern Trust continues to be an industry leader having been named Best Private Bank in the U.S. by Euromoney for 2007, as well as having been listed among Fortune's Most Admired Companies. In joining Allpoint, Northern Trust continues to provide its customers with unparalleled service."
"As we continue to expand our national presence of 85 office locations, we are pleased to now offer clients even more convenience for their banking needs. The additional ATM locations will provide more clients 24 hour access to their accounts with no surcharge fee," said Donald Berk, Northern Trust senior vice president of Enterprise Banking Product and Process Management.
With more than 32,000 surcharge-free ATMs coast to coast, Allpoint provides members with greater access, convenience, and savings at leading retailers. Participation in Allpoint offers card issuers access to a nationwide physical distribution channel at a fraction of the cost of building and maintaining their own networks.
Allpoint's unique membership structure makes it very simple for a financial institution to join and even easier for its customers to use. Joining Allpoint provides the following benefits:
-- Member financial institution ATMs do not participate
-- Card reissuance or processor conversion is not required
-- Card-based pricing provides cost-effective and predictable cost
structure
Allpoint complements any card-issuer's current membership in other surcharge-free networks.
About Allpoint
Allpoint, a division of Cardtronics (Nasdaq:CATM), is America's Largest Surcharge-Free ATM Network, with 32,000 ATMs in leading national and regional merchant locations across the country. Allpoint provides greater access, convenience and savings to customers of financial institutions with limited ATM presence while providing the institutions with the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, visit the company's web site at www.AllpointNetwork.com.
The Allpoint Network logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2368
About Northern Trust Corporation
Northern Trust Corporation is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago, has a growing network of 85 offices in 18 U.S. states and has international offices in 13 locations in North America, Europe and the Asia-Pacific region. As of September 30, 2007, Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$761.4 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology. For more information, please visit http://www.northerntrust.com.