ACS (the Association of Convenience Stores) has condemned LINK’s decision to reduce interchange fees for cash machine operators, raising concerns that cash machines in rural and isolated communities could be lost as a result of the changes.
LINK confirmed in January this year that over the next four years, they plan to reduce the interchange fee (the fee paid by banks to cash machine operators) from 25p to 20p. The first of these reductions will come into effect this Sunday (July 1st).