0 Comments

Times Online: MPs will use a meeting of the Commons Treasury Select Committee this week to question bank chiefs about the rapid growth of fee-charging ATMs. The UK officials fear that growth in commercial money dispensers - which rose by more than 50 percent in 2003 - means that consumers will soon have little choice but to pay if they want to make an ATM withdrawal.

Angela Eagle, a member of the committee and Labour MP for Wallasey, said: "At this rate, there will come a time where there will not be any non-fee-charging cash dispensers left and we will hold the banks accountable for this."

The fee-charging machines, which are operated by companies such as Moneybox and Cardpoint, have targeted isolated rural areas where banks have withdrawn services.

Norman Lamb, a member of the committee and Liberal Democrat MP for Norfolk North, has called for a code of practice governing the ATM market. Mr Lamb said: "Banks are selling off these machines to commercial providers at a profit and they should take steps to ensure there are clear rules dictating the information disclosed to customers using these machines."

Read more...

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

Compact, Frame Structured—TTW Cash Dispenser H22N

http://global.networldalliance.com/new/images/products/H22N.jpg

3739/Compact-Frame-Structured-TTW-Cash-Dispenser-H22N

Outdoor Encrypting Pin Pad - Cryptera EPP 1315

http://global.networldalliance.com/new/images/products/896.png

896/Outdoor-Encrypting-Pin-Pad-Cryptera-EPP-1315

Refurbished ATMs

http://global.networldalliance.com/new/images/products/Refurbished_ATMs_100.gif

1174/Refurbished-ATMs

PAI Secure for PCI Compliance

http://global.networldalliance.com/new/images/products/4651.png

4651/PAI-Secure-for-PCI-Compliance

Payment Card Processing

http://global.networldalliance.com/new/images/products/4644.png

4644/Payment-Card-Processing

Cash only lobby ATM – Monimax 5000 CE

http://global.networldalliance.com/new/images/products/Monimax_5000CE_100.jpg

3730/Cash-only-lobby-ATM-Monimax-5000-CE

The Magic of Video Banking

http://global.networldalliance.com/new/images/products/4396.png

4396/The-Magic-of-Video-Banking

ATM Sales and Service

http://global.networldalliance.com/new/images/products/781.png

781/ATM-Sales-and-Service

High Quality Lobby ATM- Monimax 5100

http://global.networldalliance.com/new/images/products/nautilus_9030.gif

783/High-Quality-Lobby-ATM-Monimax-5100

Opteva® Self-Service Terminals and Solutions

http://global.networldalliance.com/new/images/products/675.png

675/Opteva-Self-Service-Terminals-and-Solutions

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.