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Postbank Customers Get Improved Access to Their Cash through Cardtronics ATMs
Globe Newswire 29-Nov-2018 6:10 AM
TRIER, Germany, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Approximately 13 million Postbank customers will now have free-of-charge access to Cardtronics Deutschland ATMs, thanks to a first-of-its-kind agreement. Postbank today revealed that it has signed an agreement with Cardtronics, the world's largest independent ATM deployer. As part of the relationship, Postbank's Girocard holders benefit from surcharge-free cash withdrawals at over 650 Postbank-branded Cardtronics Deutschland ATMs across the country.
According to PYMNTS.com research sponsored by Cardtronics, Germany is one of the most cash reliant advanced economies in the world. Cash is the dominant payment choice for many German citizens, who express a strong preference for cash as a payment mechanism. In fact, according to a study by the European Central Bank, the average German wallet is likely to contain nearly twice as much cash as one in Australia, The Netherlands, France or the USA.
Radenko Krpelj, Executive Director, Cardtronics Deutschland said "This is a landmark agreement with one of Germany's leading private banks. The agreement brings greater convenience to Postbank's 13 million customers by granting them free access to over 650 of our ATMs which we are co-branding with the Postbank logo. The good news is that we will continuously grow this network. Cash plays a vital role in the lives of German consumers and many businesses rely on cash transactions to survive. We know that 40% of cash withdrawals at ATMs are spent directly back in stores in the area, so this partnership with Postbank has advantages for everyone."
Susanne Klöß Postbank Executive Board member, said "Our customers attach great importance to a comprehensive and convenient cash supply and so, counter to the general market trend, we are continuing to invest in our ATM network. We firmly believe in the importance of delivering nationwide access to Postbank banking products and services for our customers. This partnership with Cardtronics Deutschland is one further component of this strategy as we continue to invest to meet our customers' needs through the provision of smart solutions whilst keeping an eye on the efficiency of our network."
About Postbank: The private, business and corporate customer business of Postbank is part of DB Privat- und Firmenkundenbank AG with a total of 20 million customers. Postbank offers its customers a unique combination of simple and inexpensive everyday banking products as well as postal services. The approximately 13 million Postbank customers have access to a comprehensive personal and digital service and advisory service network. For example, they can choose from a country-wide branch network with around 850 self-owned branches, 4,000 partner branches of Deutsche Post and 700 advisory centres from Postbank Finanzberatung. Or they can be conveniently advised at home by the approximately 2,500 mobile consultants and brokers. In addition, Postbank online and telephone banking has a leading position in Germany. Over 9 million Postbank customer have access to these digital channels.
About Cardtronics Deutschland: With more than 1,500 ATMs, Cardtronics Deutschland is the largest independent ATM provider in Germany. German consumers usually know Cardtronics under the brand name "Cardpoint". Cardtronics places ATMs primarily at popular retail locations while also being a trusted partner to financial institutions looking to decrease the cost of their ATM networks. Cardtronics Deutschland is part of Cardtronics plc, the world's largest independent ATM provider.
About Cardtronics (NASDAQ:CATM) Cardtronics is the trusted leader in financial self-service, enabling cash transactions at approximately 230,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa. Leveraging our unmatched scale, expertise and innovation, top-tier merchants and businesses of all sizes use our ATM solutions to drive growth, in-store traffic, and retail transactions. Financial services providers rely on Cardtronics to deliver superior service at their own ATMs, on Cardtronics ATMs where they place their brand, and through Cardtronics' Allpoint Network, the world's largest surcharge-free ATM network, with over 55,000 locations. As champions of cash, Cardtronics converts digital currency into physical cash, driving payments choice for businesses and consumers alike.
