This report caught the attention of Peter McNamara, the CEO and Founder at NoteMachine, who shared some of his own recommendations: “Much has been said about a commitment to protect access to cash but there’s been very little in the way of action.
“The fragmented approach highlighted in the PAC report clearly shows the issue of access to cash still isn’t being taken seriously enough given the crisis it finds itself in, with a huge reduction in free-to-use ATMs across the country.
“There is a very simple solution to this problem however – ensure banks pay the right level of fees to ATM operators for every withdrawal made by a consumer.
“Paid on a tiered basis, funding would be focused on rural areas where there is less provision, for example, and away from well supplied city centres.
Published at Fri, 04 Dec 2020 12:06:00 +0000