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The Green Sheet Online Edition

August 26, 2024 • Issue 24:08:02

New Products

Next-generation, expanded access cash distribution

Product: Allpoint Network, Allpoint+
Company: NCR Atleos

NCR Atleos prides itself on having a unique combination of the deep industry experience and expertise of a legacy company and the innovation and agility of a new brand, which aids the company in designing digital-first products that expand customer access beyond the branch.

Stuart Mackinnon, COO of NCR Atleos, noted that the company's unrivaled operational scale also sets it apart. "We run the world’s largest ATM network," he said. "We are unmatched on global services. We engage in constant innovation when it comes to expanding access to financial services."

One product of the company's strong skills and creativity is the NCR Atleos Allpoint Network, a surcharge-free, on-demand cash access solution for banks, credit unions, prepaid programs and fintechs. Built on a foundation of 55,000 ATMs located in premier retail settings, Allpoint solves financial services providers’ cash distribution needs, Mackinnon noted.

Greater reach with Allpoint+

NCR Atleos also offers Allpoint+, the cash-accepting extension of the Allpoint ATM Network, which provides deposit capabilities at nearly 2,000 locations. This expands many branch capabilities to the places where financial institutions’ customers live and shop, he added.

Mackinnon pointed out that financial institutions face everyday challenges such as shifting more transactions to self-service, transforming the branch in a digital-first world, delivering convenience beyond the branch and improving efficiencies.

NCR Atleos has had a laser focus on these challenges with a mission to empower institutions to run their ATM networks more efficiently, expand access beyond the branch, and shift transactions to the self-service channel with innovative digital-first technology, Mackinnon noted, adding that the Allpoint ATM Network is a perfect complement to this mission.

Primary features and benefits of Allpoint Network

NCR Atleos' Allpoint Network provides an easy way for customers to access cash and financial services where it’s most convenient, while also extending financial institutions’ presence in the community, Mackinnon said. While Allpoint solves cash access needs for millions of consumers, Allpoint+ provides the full-service physical banking alternative that financial institutions have not had before, he added.

Allpoint ATMs are hosted in trusted, neutral retail locations such as grocery, convenience/fuel and big box stores, giving customers alternatives to visiting other bank branches when they need cash and their bank’s branch isn’t nearby. The additional physical endpoints that the Allpoint Network provides helps community and regional institutions better match the scale of the largest bank brands, Mackinnon affirmed.

Benefits to merchants

Retailers face three common challenges: driving footfall, increasing customer loyalty, and expanding the capabilities and value they offer. The NCR Atleos Allpoint Network attracts new customers into the store to use the ATM, increasing foot traffic and revenue, McKinnon affirmed.

In addition, he added, these relationships become stickier, as the retailer can now offer a breadth of financial services, and stores can also increase staff efficiency by shifting financial services to the ATM.

Cash continues to be important to the U.S. payments mix, yet access to cash continues to become more different and expensive. NCR Atleos remains committed to providing innovative and diverse ways for consumers of all types to access the cash and financial services they need.

"We are committed to providing the sophisticated technology that powers digital to physical and physical to digital transactions, providing optionality, convenience and widespread access to consumers in a digital-first world," Mackinnon said. end of article

Website: https://www.ncratleos.com/ Contact: United States: 1-833-627-28853 International: 1-832-308-2998

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.

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