Stay tuned with CashEssentials news ! - beyond payments
By subscribing, you accept our Privacy Policy.

Seeking greater efficiency in UK ATM distribution

Categories : Costs of cash versus costs of electronic payment instruments
November 4, 2016
Tags : ATM, ATMs, Availability
The UK ATM network system, Link, is looking for ways to improve its ATM availability while remaining cost-efficient.
Communication Team / Equipo de Comunicación

The UK’s shared ATM interbank network, Link, is currently re-evaluating its 70,000-strong cashpoint system to seek greater efficiencies and cost savings for its users.

Today, the system runs at £900m in yearly operation costs based on a fixed formula which results in growing costs for some members where cash withdrawals are declining. Some of the network’s members are proposing that current ATM locations be re-evaluated and moved depending on demand.

The network’s main concern is to make cash universally accessible while ensuring that costs remain stable and customers satisfied.

To read the full article, please click here