• Conn. surcharge decision goes banks' way

0 Comments
The Connecticut Supreme Court issued a 5-2 decision overturning state Banking Commissioner John P. Burke's four-year ban on ATM surcharges, leaving Iowa as the only state where such a ban remains. FleetBoston and First Union had challenged the ban. Both banks planned to begin charging non-customers a $1 convenience fee to use their ATMs, First Union beginning on Dec. 21 and FleetBoston on Jan. 3. Because the case was decided by the state's highest court and does not raise a constitutional issue, there is no avenue for appeal. While Burke said he would abide by the decision, state Attorney General Richard Blumenthal said he would seek legislation that would explicitly outlaw the fees. Burke had contended that surcharging was not allowed under a 1975 state law that let banks charge each other for their respective customers' use of ATMs. But according to the court: "There is nothing in the statute's language, history, or background" to support Burke's view. The fight continues in California, where banks are appealing surcharge bans in San Francisco and Santa Monica. In Santa Monica, Bank of America and Wells Fargo have limited access to their machines to customers only.
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

Large Inventory of Wholesale ATM Parts & Supplies

http://global.networldalliance.com/new/images/products/4103.png

4103/Large-Inventory-of-Wholesale-ATM-Parts-Supplies

Diebold Picker module Refurbished

http://global.networldalliance.com/new/images/products/DieboldPicker_100.gif

1206/Diebold-Picker-module-Refurbished

Retail ATM - Genmega - G1900

http://global.networldalliance.com/new/images/products/4595.png

4595/Retail-ATM-Genmega-G1900

Traditional Equipment Sales and Service

http://global.networldalliance.com/new/images/products/1030.png

1030/Traditional-Equipment-Sales-and-Service

Two Way Wireless for ATMs, The DPL Group Hercules Plus

http://global.networldalliance.com/new/images/products/931.png

931/Two-Way-Wireless-for-ATMs-The-DPL-Group-Hercules-Plus

SWITCHWARE® Payment Authorization and Transaction Switching …

http://global.networldalliance.com/new/images/products/4224.png

4224/SWITCHWARE-Payment-Authorization-and-Transaction-Switching-System

NCR ATM Security Solutions

http://global.networldalliance.com/new/images/products/NCR_logo_Pantone_100.gif

830/NCR-ATM-Security-Solutions

ATM Security

http://global.networldalliance.com/new/images/products/4412.png

4412/ATM-Security

V4200 Enterprise Class Router: Integrated features in a mid-size …

http://global.networldalliance.com/new/images/products/4379.png

4379/V4200-Enterprise-Class-Router-Integrated-features-in-a-mid-size-router

High Quality Lobby ATM- Monimax 5100

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

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

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