LINK has today announced the appointment of Mark Boleat as the Chairman of Link Scheme Ltd, the company that operates the LINK ATM network.
The UK's Link ATM network is rethinking its business model as banks seek to reduce the costs incurred by providing free ATM withdrawals across the national network of 70,000 cash machines.
Mastercard has agreed to reduce the costs to the Link ATM network for switching infrastructure providers in order to head off competition concerns raised over its £700 million takeover of VocaLink.
The 23rd of December was an all-time record day for Link cash machine withdrawals in the UK as Brits scrambled to take out £730 million in the lead up to Christmas.
MasterCard's £700m acquisition of UK-based payment provider VocaLink has hit a snag after the Competition and Markets Authority (CMA) voiced concerns over the deal.
The UK’s interbank Payments System Operators (PSOs) – Bacs Payment Schemes Limited (Bacs), CHAPS, Cheque and Credit Clearing Company, Faster Payments and LINK – have today published a new guide entitled, An Introduction to the UK’s Interbank Payment Schemes.
Link, the UK’s cash machine network, has reported today that 29 August was the busiest ever August bank holiday Monday in this country for ATM withdrawals.
UK consumer use of cash slipped below the 50% mark for the first time in 2015 as alternative payment methods eroded the dominance of notes and coins.
VocaLink, the international payment systems provider, today announces the signing of a five year deal to provide exclusive processing for the LINK ATM network.
Proponents of the cashless society should look away now: New figures from the UK's Link ATM network reveal that consumer demand for cold hard cash shows no signs of abating.
© Finextra Research 2017