Sydney, 28 June 2017: Suncorp and Cuscal have today signed a partnership agreement for Suncorp to join the rediATM network from 1 August 2017. The rediATM network is made up of more than 90 financial institutions, of all sizes, including NAB, BOQ, CUA, People's Choice Credit Union, and now Suncorp.
This will mean that more than 11 million cardholders will now have direct-charge-free access to the rediATM network, up from ~10million. The ATM network will also grow from over 3,000 ATMs to around 3,300 ATMs Australia-wide. There are rediATMs in more locations around Australia than any other banking ATM network.
Commenting on the news, Cuscal MD Craig Kennedy said:
"We're very pleased to welcome Suncorp to the rediATM network. It will make the network stronger and is great news for our 90 plus financial institution members as well as their 11 million cardholders who have fee-free access to the rediATM network.
We've been providing safe, convenient, reliable ATM services for more than 30 years and with our recent investment in refreshing our entire rediATM network we're looking forward to doing so for many years to come."
Suncorp CEO Customer Platforms, Gary Dransfield, said from 1 August, 2017, Cuscal Limited will become the exclusive provider of Suncorp's ATMs.
"Suncorp customers will soon have fee-free access to more ATMs, in more locations than ever before, following the announcement of this new partnership," Mr Dransfield said.
"This partnership meets all of our requirements as a business, and is a great result for customers who will benefit from increased ATM access and functionality enhancements across the rediATM network."
Cuscal media contact
Jo Savill email@example.com 0447 555 018
Suncorp media contact
Alexandra Foley 0419 794 294
Cuscal is Australia's leading independent provider of payment solutions including card and acquiring products, mobile payments, fraud prevention, EFT switching and direct entry. We process 16% of Australia's EFT transactions, have over 7 million cards under management and switch and acquire for around 40% of Australia's ATMs.
We partner with more than 100 clients from a range of industries including financial services, airlines, fintech and retail. We use our expertise and scale to help existing companies grow and new companies enter the market. This drives competition throughout the payments industry, increasing innovation and giving businesses and consumers greater choice.