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 cashMoney in physical form such as banknotes and coins. More 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.
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