Almost four fifths of cash machines in Britain are free to use ALAMYFees paid for cash machine use should be increased or at least kept the same to stem the flow of machines being taken out of service in local communities, the trade body for convenience shops has said. A controversial decision two years ago by Link, which oversees Britain’s largest network of cash machines, to reduce the fees paid by banks when their customers use cash machines owned by other operators has led to thousands of machines being removed, the Association of Convenience Stores said. A plan by Link to cut that payment, known as the interchange fee, a year from now should be scrapped and the fee possibly should be increased, the association said. Cash machines are important to small, local retailers as many people…

Source: The Times December 31, 2019 00:08 UTC