BETHESDA, Md., Oct. 27, 2011 (GLOBE NEWSWIRE) -- Allpoint Network, a Cardtronics, Inc. affiliate (Nasdaq:CATM), and operator of the largest surcharge-free ATM network, today announced that El Segundo, Calif.-based Xceed Financial Credit Union (Xceed FCU) has substantially increased its multi-network surcharge-free ATM access program by adding Allpoint Network cash machines. With the inclusion of all 43,000 domestic and international Allpoint Network ATMs, Xceed FCU members now have surcharge-free account access at more than 65,000 ATMs on the East Coast, West Coast and all points between.
Operating as Xerox Federal Credit Union for nearly 40 years, Xceed Financial Credit Union has amassed a geographically-diverse membership 62,000 people strong. Serving the face-to-face needs of its membership, the credit union has established 15 Xceed FCU Financial Centers, found in California, Connecticut, Illinois, New Jersey, New York and Texas, to extend the service footprint of its corporate headquarters in California.
Enhancing the value of its multi-channel customer service network, Xceed FCU now looks to Allpoint Network for expanded ATM account access — with Allpoint providing the convenience of surcharge-free ATM access inside the retail stores most relevant to people's day-to-day lives. In the six states featuring Xceed FCU Financial Centers, as well as coast-to-coast across the union, Allpoint Network grows the quantity and convenience of surcharge-free ATMs available to Xceed FCU members.
Relationship Expansion
By electing Allpoint Network participation, Xceed FCU expands a relationship that began with LocatorSearch, a leading provider of "geolocation" search technology that Cardtronics acquired earlier this year. Making Cardtronics' LocatorSearch functionality available at its Website, as well as the "Xceed Financial Credit Union" iPhone application available for free download in the Apple App Store, Xceed FCU has empowered its members to locate on-demand the nearest financial center, surcharge-free ATM (regardless of ownership or network) or deposit taking ATM.
- Try it out: http://bit.ly/i2xqVD (Xceed FCU location finder)
"Xceed is committed to always be at work for its members, and that includes investing in technology that enhances account access in the places where our members live their lives. Allpoint Network ATMs — fixtures in the discount retailers, convenience, grocery and pharmacy stores known to all Americans — not only save our members the surcharge, they save them time," said Kathryn Davis, senior vice president, Xceed FCU.
"ATMs continue to serve a critical role in the overall landscape of remote banking and payments," said Ben Psillas, president, Allpoint Network. "What Allpoint Network delivers to Xceed is ubiquitous ATM account access that complements brick-and-mortar financial centers, Xceed Online Banking and telephone customer service — putting Xceed at the forefront of convenient, personalized access."
About Xceed Financial Credit Union
Headquartered in El Segundo, Calif., Xceed Financial Credit Union is a federally chartered workplace credit union that focuses on meeting the needs of businesses and their employees throughout the United States. The credit union started in 1964 as Scientific Data Systems Credit Union and later became Xerox Federal Credit Union in 1970. A new name and brand identity were launched in 2008 to reflect its expanded field of membership and new business model. Xceed delivers personal banking and financial literacy directly to "select employer groups" (SEGs) and is proud to help more than 62,000 members realize their dreams. Xceed Financial has more than $720 million in assets and 15 Financial Centers in six states.
About Allpoint
Allpoint is the largest surcharge-free ATM network with over 43,000 ATMs in leading national and regional merchant locations across the United States, Mexico, United Kingdom and Australia. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com.
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About Cardtronics (Nasdaq:CATM)
Making ATM cash access convenient where people shop, work and live their lives, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 41,900 strategically-situated retail ATMs in U.S. and international locales. Whether Cardtronics is driving foot traffic for America's most relevant retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access on the local, national or global scene, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
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Cardtronics and Allpoint are registered trademarks of Cardtronics, Inc.
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