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ACS Welcomes FCA’s Proposals to Require Banks and Building to Improve Cash Access

ACS have welcomed the Financial Conduct Authority’s (FCA) proposals to ensure that banks and building societies consider reasonable cash access services and has repeated its calls for a review of interchange fees.

These services are essential for the convenience sector – over 50% of store transactions are still conducted using cash, 40% of shops currently host ATMs, and 23% still house post offices. With banks and building societies facing closures across the UK, convenience stores have become ever more essential for the public to access their money and use essential services.

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ATM

ACS Welcomes FCA’s Proposals to Require Banks and Building to Improve Cash Access

ACS have welcomed the Financial Conduct Authority’s (FCA) proposals to ensure that banks and building societies consider reasonable cash access services and has repeated its calls for a review of interchange fees.

These services are essential for the convenience sector – over 50% of store transactions are still conducted using cash, 40% of shops currently host ATMs, and 23% still house post offices. With banks and building societies facing closures across the UK, convenience stores have become ever more essential for the public to access their money and use essential services.

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Absolut Vodka Sprite

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Costa Coffee Ready-To-Drink

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Coca-Cola Europacific Partners

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Monster Energy

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Financial Conduct Authority: Access to Cash

The FCA are proposing a new regulatory regime, which would require banks and building societies designated by the Government to assess and fill gaps, or potential gaps, in cash access provision that significantly impact consumers and businesses. 

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ACS Safe and Responsible Retailing Conference

Secure Your Place at the Safe and Responsible Retailing Conference!

There’s less than one month to go until the ACS Safe and Responsible Retailing Conference, taking place on Tuesday 5th March at the Eastside Rooms in Birmingham.

Safe + Responsible 2024 is a brand new event in the ACS calendar, bringing together experts in crime prevention, responsible retailing and product regulation to equip you with the tools and advice you need to navigate these issues and adapt your businesses for the future.

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