Central Banking

Potential ATM closures will be PSR’s first ‘major test’ – Morgan

bank-atm
Fears that lowering interchange fees could lead to “ATM deserts”

The chair of the UK’s Treasury select committee (TSC) has issued a call to action to the Payment Systems Regulator (PSR) following the announcement of a series of measures intended to “rebalance” the nation’s ATM network.

In a statement on January 31, Nicky Morgan said the TSC would take “a very dim view if all those with a role to play… fail to work constructively to ensure that the 2.7 million people reliant almost entirely on cash transactions aren’t cut off.”

Link, the UK’s largest cash

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: