Under Link’s proposals, the fee that is paid by card issuers to ATM operators would be reduced Aaron Chown/PA WireThe row over the public’s access to money has intensified with accusations that plans to change the fees paid for cash machines have been rushed and lack transparency. In the latest of several interventions over the matter, Nicky Morgan, chairwoman of the Treasury select committee, yesterday warned all parties to “engage constructively”. Her comments came amid an acrimonious struggle between Link, which runs the UK’s 55,000 free-to-use card machine network, and other cash machine operators over proposals to change the fee structure for using ATMs. Under Link’s proposals, the fee that is paid by card issuers to ATM operators would be reduced from 25p to 20p per cash withdrawal. That has provoked anger among some independent cash machine operators, who claim that the cut would…

Source: The Times December 20, 2017 00:05 UTC