PenFed Credit Union Expands Partnership with NCR’s Cardtronics to Provide Members Cash Deposit Capability through Allpoint ATMs
13 10월 2021 - 9:00PM
Business Wire
The partnership adds over 1,200 convenient
locations where members can make cash deposits
NCR Corporation (NYSE: NCR), a global enterprise technology
provider, today announced that PenFed Credit Union, America’s
second-largest federal credit union, is expanding its long-standing
relationship with NCR and its newly acquired Cardtronics business
to provide 2.4 million PenFed members cash deposit capabilities at
more than 1,200 Allpoint ATMs. Cash deposits at ATMs add another
layer of convenience as over 85% of PenFed member transactions
occur online. Adding cash deposits at premium retail locations
enables members to make convenient deposits near where they live,
work, and shop. NCR plans to have over 1,800 cash deposit-enabled
ATMs deployed in the largest and fastest-growing markets by the end
of the year.
“PenFed has a long history of being a leading innovator in
delivering new services and convenience to our members.
Collaborating with strong partners like NCR and Cardtronics is a
key piece to our strategic vision. Over the years, we have expanded
our relationship with them to help us achieve operational
efficiency and attract new members in critical markets,” said Brad
Patterson, Head of Cards for PenFed.
“The addition of self-service deposit capabilities through our
retail-based network of Allpoint ATMs allows PenFed to further
expand its ‘anytime anywhere’ transaction capabilities nationwide,”
said Carter Hunt, Managing Director of North America for NCR’s
Cardtronics business. “We are exceptionally proud of the innovative
solutions that we can provide to forward-thinking PenFed as its
members’ desire for self-service banking and surcharge-free cash
withdrawals and deposits continues to grow.”
PenFed collaborates with NCR and its Cardtronics division on
other products and services, including ATM branding, managed
services, and locator search.
PenFed also provides member access to Allpoint, the world’s
largest retail-based surcharge-free ATM network, with more than
40,000 ATMs in the U.S. and 55,000 worldwide. Consumers can find
Allpoint ATMs in top retail establishments such as grocery and
convenience stores, pharmacies, and big-box stores.
About PenFed Credit Union
Established in 1935, Pentagon Federal Credit Union (PenFed) is
America's second-largest federal credit union, serving 2.4 million
members worldwide with over $28 billion in assets as of July 31,
2021. PenFed Credit Union offers market-leading certificates,
checking, credit cards, personal loans, mortgages, auto loans,
student loans, and a wide range of other financial services. Our
mission is to empower members of our community to achieve their
financial well-being. PenFed Credit Union is federally insured by
the NCUA and is an Equal Housing Lender. To learn more about PenFed
Credit Union, visit PenFed.org, like us on Facebook and follow us
@PenFed on Twitter. Interested in working for PenFed? Check us out
on LinkedIn. We are proud to be an Equal Employment Opportunity
Employer.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading software- and
services-led enterprise provider in the financial, retail and
hospitality industries. NCR is headquartered in Atlanta, Ga., with
36,000 employees globally. NCR is a trademark of NCR Corporation in
the United States and other countries.
Website: www.ncr.com Twitter: @NCRCorporation Facebook:
www.facebook.com/ncrcorp LinkedIn:
www.linkedin.com/company/ncr-corporation YouTube:
www.youtube.com/user/ncrcorporation
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version on businesswire.com: https://www.businesswire.com/news/home/20211013005294/en/
NCR Media Contact Scott Sykes 212-589-8428
scott.sykes@ncr.com
PenFed Media Contact Kassandra Sebastian 571-328-1854
Kassandra.meholick@penfed.org
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