Cardtronics

What Cardtronics does

Cardtronics is the operating subsidiary of NCR Atleos Corporation that anchors the world's largest retail ATM network platform, supporting banks, credit unions, prepaid programs, and fintechs with cash access and managed ATM services. The core asset is the Allpoint surcharge-free ATM network, spanning more than 55,000 ATMs globally (40,000+ in the United States) across retail host locations including Target, Walgreens, CVS Pharmacy, Circle K, and Kroger, providing fee-free cash access to roughly 60 million consumers served by 200+ financial institution partners. The company also offers ReadyCode, an API-based cardless cash and deposit solution that enables any digital banking platform, fintech app, or call center to issue a numeric code that consumers can redeem at tens of thousands of ATMs.

The technology portfolio is organized as a platform-plus-modules architecture: the ATM Network and Allpoint form the consumer-facing distribution layer, complemented by ATM Branding (20,000+ branded machines), the NCR Atleos LocatorSearch location-services tool, and the ReadyCode cardless cash API. Underlying infrastructure includes the ATM as a Service managed services platform, ATM and ITM hardware (cash recycling, multi-function, and dispense ATMs), and a software suite covering ATM applications, management software, endpoint security, marketing software, and transaction processing. A Network Operations Center staffed by 225+ technical experts supports 24/7 monitoring of the global network.

The business model combines transaction-based revenue (surcharge and interchange fees from ATM withdrawals, deposits, and balance inquiries), managed services revenue (cash replenishment, maintenance, monitoring, and operational support for financial institutions), and enterprise contract revenue from ATM branding and network access programs sold to banks, credit unions, and fintechs. Pricing is quote-based, structured as multi-year enterprise contracts typically tied to transaction volume and network footprint. Go-to-market operates through three channels: enterprise direct sales to financial institutions, retail host partnerships that enable consumer distribution, and API-based integration via ReadyCode for fintech and digital banking customers. Cardtronics is reported to hold an estimated 35-38% share of the North America ATM Outsourcing Services market in 2025.

Name

Cardtronics

Legal name

Cardtronics

Website

https://cardtronics.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Cardtronics, a subsidiary of NCR Atleos Corporation, operates the world's largest retail ATM network through its Allpoint surcharge-free platform spanning 55,000+ ATMs in retail locations, serving 200+ financial institutions, fintechs, and prepaid programs with cash access and managed ATM services.

Ownership category

akta.pro rank

Product category

ATM Managed Services

NAICS

Credit Card Issuing (522210)

SIC

Finance Services (6199)

akta.pro primary industry

ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC)

akta.pro secondary industries

ATM / Cash Access Network Schemes (FSAMAAAH), Cash Access & Cardless ATM Withdrawal Services (FSAMAOAJ)

Keywords

• ATM managed services
• Surcharge-free ATM network
• Cash access solutions
• Cardless cash access
• ATM outsourcing services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. ATM Transaction Processing: Revenue generated from transaction fees for ATM withdrawals, deposits, and balance inquiries processed through the network. Financial institutions pay for access to the ATM network and transaction processing services.
2. ATM Network Services: Managed services for financial institutions including ATM network access, branding programs, and operational support for ATM fleets. Revenue derived from service contracts with banks and credit unions.
3. ATM Managed Services: Outsourced ATM management services including cash replenishment, maintenance, monitoring, and operational support for financial institutions looking to optimize ATM operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Cardtronics operates the world's largest retail ATM network through the Allpoint surcharge-free platform with 55,000+ ATMs globally, providing financial institutions, prepaid programs, and fintechs with fee-free cash access for their customers. The company offers ReadyCode cardless cash access via API, ATM branding programs, ATM as a Service managed services, ATM hardware (cash recycling, multi-function, ITMs), and supporting software including management, endpoint security, and transaction processing solutions.

Product overview

Cardtronics operates as part of NCR Atleos Corporation, providing the world's largest retail ATM network and comprehensive self-service banking solutions. The portfolio is organized as a platform-plus-modules architecture centered on the ATM Network and Allpoint (the largest surcharge-free ATM network with 55,000+ ATMs), complemented by ReadyCode (cardless cash access via API), ATM Branding services, and LocatorSearch. Supporting infrastructure includes ATM as a Service (managed services platform), ATM and ITM hardware/software solutions (cash recycling ATMs, multi-function ATMs, management software, endpoint security, marketing software, transaction processing), and professional services (ATM Management Solutions, Enterprise Network Services, Advisory and Consultancy). The Allpoint network and ReadyCode API work together to enable financial institutions, prepaid programs, and fintechs to deliver fee-free cash access and deposits across retail locations.

Differentiator

Problem solved

Functional benefit

Brands

• Allpoint: The largest surcharge-free ATM network operated by NCR Atleos, originally developed through Cardtronics operations
• ReadyCode

Products and services

• Allpoint The world's largest surcharge-free ATM network offering cash access at over 55,000 ATMs in retail locations including Target, Walgreens, CVS Pharmacy, Circle K, and Kroger. Allpoint serves financial institutions, prepaid programs, and fintechs with fee-free banking access.
• Allpoint+ Deposit ATMs Deposit ATMs that extend Allpoint convenience to cash deposits, available in many of the top metropolitan areas across the US.
• ReadyCode

Quantifiable outcome

• 60 million consumers have access to surcharge-free cash through Allpoint network
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• TargetcoreChannel Partner/ Reseller/ DistributorTarget hosts Allpoint ATMs in retail locations across the United States as part of the surcharge-free ATM network. Cardtronics/NCR Atleos operates ATMs in Target stores, providing convenient cash access for Target shoppers who are customers of participating financial institutions.
• WalgreenscoreChannel Partner/ Reseller/ DistributorWalgreens serves as a retail host location for Allpoint surcharge-free ATMs, enabling pharmacy customers to access cash without fees at convenient neighborhood locations.
• CVS PharmacycoreChannel Partner/ Reseller/ DistributorCVS Pharmacy locations host Allpoint ATMs as part of the surcharge-free network, providing cash access to customers visiting pharmacy and retail locations.
• Circle KcoreChannel Partner/ Reseller/ DistributorCircle K convenience stores host Allpoint ATMs, providing surcharge-free cash access at convenient locations for consumers on-the-go.
• KrogercoreChannel Partner/ Reseller/ DistributorKroger grocery stores host Allpoint ATMs in their retail locations, providing cash access to shoppers at supermarket locations across the network.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Fiserv: Fiserv provides merchant acquiring, payments processing, and digital banking platforms to financial institutions. It competes at the broader fintech infrastructure layer where Cardtronics' Allpoint and ReadyCode serve as complementary distribution for FI customers.
• NCR Atleos Corporation: NCR Atleos is the publicly-traded parent of Cardtronics and itself offers the broader ATM-as-a-service, Allpoint network, and ITM solutions portfolio. While the entities are linked, NCR Atleos is the broader market-facing brand through which Cardtronics' offerings are sold.
• Jack Henry & Associates: Jack Henry provides core banking, payments processing, and digital banking technology to community banks and credit unions, a customer base that overlaps significantly with Cardtronics' 200+ financial institution clients.
• Global Payments Inc. Global Payments is a major payments technology company offering merchant acquiring, issuer solutions, and business solutions. It overlaps with Cardtronics' payments and transaction processing value chain at the FI and merchant services layer.
• FIS (Fidelity National Information Services): FIS is a large financial technology provider serving banks, capital markets, and merchants with processing, payments, and digital banking software. It overlaps with Cardtronics in serving financial institutions and processing ATM/payment transactions, though at a much broader portfolio level.

Direct peers

• Diebold Nixdorf: Diebold Nixdorf is a leading global provider of ATM hardware, software, and managed services to financial institutions and retailers. It competes directly with Cardtronics/NCR Atleos in the ATM-as-a-service and managed services market.
• Euronet Worldwide: Euronet operates the EFT segment which deploys and manages ATMs globally, including in retail locations, and provides cardless and surcharge-free cash services. It is the most direct global peer to Cardtronics in outsourced ATM operations.

Regional players

• Loomis AB: Loomis is a Sweden-based cash handling, cash-in-transit, and ATM services provider with strong European presence. It is comparable to Cardtronics in ATM services and cash management but operates primarily outside the US market.

Emerging players

• Brink's Company: Brink's provides cash-in-transit, cash management, ATM services, and digital retail solutions. It competes in adjacent cash management and ATM servicing segments that overlap with Cardtronics' managed services and ATM-as-a-Service offerings.

Others

• PayPal Holdings: PayPal is a digital payments and wallet provider that, while not a direct ATM operator, competes in the broader cash-displacement and digital-payment ecosystem that influences demand for cash access services like Cardtronics' ReadyCode.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Cardtronics
• LinkedInlinkedin.com/company/cardtronics

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A21 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cardtronics