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SUM Selective, the surcharge-free ATM network owned by NYCE Payments Network LLC, has signed an agreement with Select-A-Branch ATM Network LLC that expands the number of the surcharge-free ATMs that SUM customers can access. SUM Selective allows cardholders of member banks and credit unions to withdraw funds surcharge-free from participating ATMs.
According to the agreement, Select-A-Branch, a surcharge-free ATM network based in King of Prussia, Pa., first will implement SUM Selective's ATM program into its ATM network in the Northeastern United States.
Select-A-Branch has installed 15 ATMs in the region, but 396 additional locations are planned, according to its Web site. The SUM ATM network is comprised of 2,900 machines nationwide, says its Web site. Select-A-Branch operates a unique surcharge-free ATM network. Financial institutions join Select-A-Branch, and when the bank or credit union members insert their card into a Select-A-Branch ATM to withdraw cash, the logo of the cardholder's financial institution appears on the ATM screen.
As part of its agreement with SUM, Select-A-Branch ATMs will display SUM advertisements when SUM members use the machines, both companies said. SUM, which is based in Secaucus, N.J., and Select-A-Branch announced their agreement Friday.
