Allpoint
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 2003 |
| Founder | Ben Psillas |
Area served | United States, Canada, Mexico, United Kingdom, Australia, New Zealand |
| Parent | NCR Atleos |
Allpoint functions as an interbank network that links automated teller machines (ATMs), enabling users to perform surcharge-free transactions within its system. The network operates across the United States, Canada, Mexico, United Kingdom, Australia, and New Zealand. It is a subsidiary of NCR Atleos.
History
Established in 2003 by entrepreneur Ben Psillas of ATM National, Inc., Allpoint was created to enhance the convenience of ATM access. In 2005, Cardtronics acquired both ATM National, Inc. and Allpoint.
The network experienced steady growth through strategic expansions: in 2008, it incorporated ATMs located in 5,500 7-Eleven stores; it entered the Australian market in 2010; and expanded into Mexico in 2011. Notable collaborations include Fifth Third Bank joining in 2016 and First Tennessee becoming a partner in September of the same year.
In 2015, KeyBank, a member of the network, obtained a contract to handle unemployment claim distributions in New York. This arrangement allowed many users to avoid ATM fees during the COVID-19 pandemic when preferred ATMs were unavailable.
Additional expansion milestones involved Rite Aid joining the network in July 2017, alongside the addition of Kroger store ATMs in Atlanta during the same month. However, ATMs situated within 7-Eleven stores were removed from Allpoint’s network starting July 2017. Speedway LLC became part of the network in September 2017, followed by Five Star Bank in October.
By 2017, Allpoint had grown to manage over 200,000 affiliated ATMs, establishing itself as the largest global ATM owner/operator with a presence exceeding 230,000 machines worldwide.