THE VIRTUAL ATM NETWORK
A New Way to Connect Your Customers to Cash
SPARE enables virtual ATM services on retail POS systems, giving digital wallets, banks, credit unions and other financial institutions a new way to access cash through participating retailers.
HOW THE NETWORK WORKS
Digital money gets a physical access layer.
Banks and wallets retain the relationship.
Retailers provide the access.
SPARE powers the network.
Retail is the new banking access layer.
ONE CONNECTED EXPERIENCE
One request. Three moving parts. Cash in hand.
SPARE connects a financial institution’s app to participating retailers, so account holders can complete supported transactions at the register.
01 · REQUEST
Request in the app
An account holder starts through their bank, credit union or wallet experience and selects a participating retailer.
02 · CONNECT
SPARE connects the network
The request is routed to the retailer’s supported point-of-sale environment.
03 · ACCESS
Access at the register
The account holder visits the retailer and completes the supported transaction at the point of sale.
JOIN THE NETWORK
Find your path into SPARE.
Choose the role you want to play in a distributed Virtual ATM network.
BANKS
Extend physical access.
Add a retail access layer beyond branches and standalone ATMs while retaining the customer relationship.
CREDIT UNIONS
Bring access closer to members.
Reach members through participating retailers without expanding the physical branch footprint.
ISOS & RESELLERS
Add Virtual ATM capabilities.
Bring a new access capability to supported merchant portfolios and help grow the retailer network.
RETAILERS
Turn the register into an access point.
Use a supported POS environment to provide Virtual ATM access, with no standalone ATM hardware required.
AVAILABLE IN THE CLOVER APP MARKET
Activate SPARE through Clover.
For supported Clover environments, SPARE can extend cash access through the POS already in store. No standalone ATM hardware required.
BUILT FOR DISTRIBUTED ACCESS
A physical access layer for digital money.
Extend reach
Create more places for customers to access supported services through participating retailers.
Preserve the relationship
The bank, credit union or wallet remains the customer’s financial relationship.
Use retail infrastructure
SPARE works through supported retail POS systems, with no standalone ATM hardware required.
MODEL THE UPSIDE
Explore the earning potential.
Use the simulator to explore scenarios for deployment pace, transaction volume and revenue share.
Build a scenario
- Set deployment assumptions
- Compare operating scenarios
- Prepare partnership conversations
BUILD THE NETWORK
Bring SPARE to your network.
Whether you represent a financial institution, retailer, digital wallet or merchant portfolio, there is a path into the Virtual ATM network.