Cardtronics : Allpoint Network To Accept Check And Cash Deposits - Quick Facts

(RTTNews) - Cardtronics Inc. (CATM), retail ATM owner, announced its Allpoint surcharge-free ATM network will begin offering deposit-taking capabilities at more than 2,500 of its domestic ATMs nationwide by the end of the year.

The company noted that the new functionality will enable cardholders at participating financial institutions to deposit checks and cash directly into select ATMs without using envelopes or deposit slips. With this addition, the surcharge-free Allpoint ATM network will facilitate both cash-in and cash-out transactions - enabling consumers to manage even more of their banking needs at convenient retail locations.

According to the company, once the capability is rolled out, cardholders from participating financial institutions who insert their cards at deposit-taking Allpoint machines will be given a deposit option on the initial menu. After inserting a check for deposit, cardholders will be able to view an image of it on the screen. The ATM will also print the check image on the receipt. Cardholders who deposit cash will see a tally of the denominations they inserted into the machine on their receipt.

With the introduction of deposits at select ATMs, Allpoint will offer the largest retail-based ATM deposit network in the country. Cardholders will be able to find Allpoint ATM locations where they can make deposits using the Allpoint ATM locator, the company said.

Image deposits are currently in testing, with roll-out planned for the fourth quarter of 2014.