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Processor deal allows prepaid card use on surcharge-free ATM network E-mail


Allpoint Network access was added to the a la carte menu of third-party services offered by TxVia, which enables emerging payments and financial services. Through this partnership, program managers looking to TxVia for transaction processing can open the Allpoint Network to their cardholders, making surcharge-free cash access a reality at over 43,000 ATMs in retail locations.

“At TxVia, we don’t see prepaid cards as an isolated category of payments,” says Jonathan Weiner, executive vice president, TxVia. “As it continues to evolve as a payment instrument, especially with reloadable prepaid cards gaining traction as cost-savings solutions in areas such as payroll and government benefit disbursements, prepaid has been and must converge with convenient cash access.”

“For the individual receiving payroll or some other regular disbursement on a prepaid card, it’s quite likely they don’t have a traditional financial institution relationship, making a bank- or credit union-located ATM somewhat irrelevant to their lives,” says Ben Psillas, president, Allpoint Network. “Allpoint Network surcharge-free ATMs are easily found in America’s best-known retailers. And that positioning enables prepaid cardholders to withdraw cash at the same place they pick up life’s essentials.”

http://www.allpointnetwork.com/news/2012/01-18-12.html