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27 Nov 2023

The former commissioner of the Metropolitan Police, Lord Hogan-Howe, has said number plates should be introduced on the back of bikes to stop so many cyclists being a danger on...

23 Nov 2023

Retail sector leaders have expressed a range of concerns, from taxation to business rates, following the Chancellor’s Autumn Statement this week.

15 Nov 2023

The British Independent Retailers Association (BIRA), which works with over 6,000 independent businesses of all sizes across the UK, has outlined its expectations from the government...

14 Nov 2023

ACT member and Cytech-accredited Stonehaven shop Bike Remedy has been given permission to expand its offering by building a bike shelter and tool station outside its premises.

14 Nov 2023

As more people turn to cycling, more jobs are being created in the industry, according to an article in The Sun.

14 Nov 2023

Cytech Training Scotland, proudly operated by Bike for Good, is thrilled to celebrate a year of remarkable achievements in providing top-notch Cytech bicycle maintenance training. Over the past...

14 Nov 2023

The ACT is urging any cycling retailers affected by technical issues being reported with the 'buy now, pay later' app Klarna to consider whether they may be better served by switching to an...

9 Nov 2023

Cytech has been named as the provider of Best Retailer Services in the 2023 BikeBiz Awards, recognising the positive impact of its service to the cycling industry. More than 25,000 Cytech...

2 Nov 2023

The Association of Cycle Traders (ACT) and the Bicycle Association (BA), the two cycle industry trade bodies in the UK, have issued a joint response to the initiative of the Electrical Safety...

2 Nov 2023

Cytech, the internationally recognised training and accreditation scheme for bicycle technicians, has relaunched its Cytech theory one online learning course delivering an introduction to...

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ATM network body, LINK, cuts interchange fees

Posted on in Business News , Cycles News

LINK, the ATM network body, has implemented cuts to the interchange fees paid by banks to ATM operators which are then split with retailers in July 2018 and January 2019.

This has led to ATM operators switching retailers' free-to-use (FTU) ATMs to pay-to-use (PTU) machines.

ACS voice of local shops

The Association of Convenience Stores (ACS) are here to support retailers who have been impacted by these changes.

ACS has been campaigning on ATM interchange fees, working closely with MPs and the Payment Systems Regulator to communicate that cuts to interchange fees will introduce difficult decisions on whether ATMs are retained, switched from FTU to PTU, or removed completely. This has contributed towards LINK postponing its previously scheduled interchange fee cut for 2020 and putting its 2021 cut on hold, pending a review of the 2018 and 2019 cuts.

ACS is working with Which? on the Freedom to Pay. Our Way. campaign calling for consumer choice on payment methods and access to cash through ATMs. ACS has also worked closely with the Access to Cash Review, published last week, which has recommended the government tasks a regulator with operating a local ‘guarantee' for access to cash and prevents a shift away from FTU ATMs becoming the norm.

ACS are collecting case studies on the switch from FTU to PTU machines. If you have been affected by changes to your ATM, please get in touch with Steve Dowling directly via email or by phone on 01252 533 009.

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