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.
New figures released today (4 September) by Link, the UK’s cash machine network, reveal that the number of ATMs in the UK reached 70,180 in July, surpassing 70,000 for the first time.
LINK, the UK's ATM network, is one of the European national bodies participating in the second EAST Financial Crime and Security Forum (FCS) on 11-12 June 2015 at the Grand Hotel Amrâth Kurhaus, Scheveningen in The Hague, Netherlands.
With branch numbers dwindling, the UK government wants to ensure that all Brits have access to ATMs where they can not only withdraw, but deposit, cash. Meanwhile, a London politician is calling for cash machines to be upgraded so that they can be used by rape victims to alert police.
ChangeGroup the leading provider of foreign currency services and international payments in 11 countries across Europe, Asia-Pacific and North America has extended their innovative ATM capability with membership to the UK domestic scheme - LINK.
There are now more than 69,000 cash machines in the UK – up 58% from the 43,600 ATMs that we had access to in 2003.
LINK, the UK's ATM network today (8 January 2015) announced that Christmas 2014 was a record time for cash machine withdrawals.
The UK government is planning to put supervision of MasterCard and Visa alongside the country's main interbank payment systems into the hands of a new Payment Systems Regulator (PSR), whose chief remit is to inject more competition into the country's payments industry.
© Finextra Research 2016