Nicky Morgan is worried that people won’t be able to access cash Lauren Hurley/Press AssociationMPs have warned banks to ensure that proposed reductions in fees paid to cash machine operators do not lead to thousands of ATMs being shut down. Nicky Morgan, chairwoman of the Treasury select committee, said she was concerned that some communities could become “ATM deserts”, where people would be unable to access cash, if banks were to push ahead with their plans. While cash use is dwindling because of the rise of contactless debit cards and mobile phone payments, people still rely on ATMs, with more than a million withdrawals made every hour from the nation’s 70,000 machines at busy times. Banks in the Link network have proposed reducing the fee per withdrawal, paid by the bank of the debit cardholder to the bank or…

Source: The Times November 29, 2017 00:00 UTC