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Membership in Allpoint Surcharge-Free ATM Network Enables Cash Access Strategy for Investor Cash ManagementHOUSTON, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Investor Cash Management Holdings Inc. (ICM) has partnered with Cardtronics to provide its clients with surcharge-free cash at 55,000 Allpoint Network ATMs, further enhancing the value of its unique Mastercard investment debit card product. ICM unites the convenience of a cash management account with investments offering the client access to securities that now provide substantially higher-yields relative to traditional banks. Unlike illiquid high-yield savings accounts, ICM-powered accounts offer immediate liquidity via the Mastercard investment debit card, online bill pay and now with the surcharge-free Allpoint Network ATMs. The Allpoint Network is the largest surcharge-free ATM network in the United States, enabling free and convenient access to cash for ICM cardholders. Allpoint Network ATMs are located in convenient retail locations across the country, including leading brands in the pharmacy, supermarket, convenience, hospitality and big-box retail segments. As a leading partner to fintech firms such as ICM, Cardtronics and its Allpoint Network provide the physical cash access points that consumers expect of their financial services providers. “Consumers should not have to choose between convenience and higher returns. ICM has developed a unique solution that gives our clients the best of both worlds – the liquidity of a traditional bank account with the return of an investment account – now enhanced with easy surcharge-free cash access through the Allpoint Network,” said ICM CEO Fred Phillips. “Cardtronics, through Allpoint, gave ICM the nationwide cash access footprint our customers asked for virtually overnight, with surcharge-free ATMs in the places our customersshop and live.” “Consumers expect easy, surcharge-free access to their cash whether banking with a traditional bank or an innovative fintech firm like ICM,” said Brian Bailey, Cardtronics EVP and Managing Director, North America. “By partnering with Cardtronics, ICM now participates in the largest surcharge-free ATM network, Allpoint, empowering their innovative investment debit card product to provide the cash access consumers need to make it a true alternative to traditional banking accounts.” About Investor Cash Management About Cardtronics (Nasdaq: CATM) Contact Information: Cardtronics Investor Relations Cardtronics is a registered trademark of Cardtronics plc and its subsidiaries. All other trademarks are the property of their respective owners. |