250 ATMs close monthly in UK
Link, the largest UK ATM network operator,
says free-to-use cash machines are being
removed at a record rate of over than 250
per month – over 1,300 ATMs shut down in
the five months until the end of July.
Link says it represents the first decline
in more than 20 years, most notably taking
place in town and city centres where card
payment options abound.
Link’s statistics shows 76 out of 2,365
protected free-to-use ATMs will disappear
– those more than a kilometre from any
other cash machine or place where cash
can be accessed without charge. 21 of the
76 closures do not meet the criteria and
are under investigation by the Payment
Systems Regulator (PSR).
The statistics were released following a
funding row in which Link cut the amount
it receives from banks for withdrawals past
July, leaving campaigners warning there
was no incentive for banks to maintain
services. A second reduction is planned for
January 2019.
Some firms are calling for regulators to
intervene.
The PSR says it has been seeking
renewed commitments, but Nicky Morgan,
who chairs the treasury committee of MPs,
says this move may be too late.
Bank of Khyber (BOK), a regional
government-owned bank in Pakistan,
has embarked on a core banking system
modernisation programme.
The bank issued a request for proposal
(RFP) in June, looking to “procure the
services of experienced software houses,
IT companies for the supply, installation,
implementation and maintenance of a core
banking system”.
The new solution should “provide all the
necessary facilities to run the business of
the bank as per best standard practice”, the
bank says in the RFP document, and cover
its network of 166 domestic branches
(including 84 Islamic banking branches).
In the scoring process, the bank will
Link chief executive, John Howells,
says: “Consumers are continuing to
switch from cash to alternative payment
methods, and ATM volumes are falling
6% year-on-year. Given this backdrop,
it’s critical we protect cash access for
those who rely on it and maintain a
comprehensive network of ATMs that’s
spread right across the UK.
“The report today is part of our
commitment to monitor the situation on
the ground and do whatever it takes to
ensure people continue to have the free
access to cash they want,” he adds.
Henry Vila
Comments
We offer Legitimately Cash & Asset Backed Financial Instruments on Lease and Sale at the best rates and with the most feasible procedures. Instruments offered can be put in all forms of trade and can be monetized or discounted for direct funding.
We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions.
Kindly contact me for serious enquiries via email or on Skype.
Email: marts.capitalfinance@gmail.com
Skype ID: marts.capitalfinance@gmail.com
Warm Regards