Press Releases

ACS: Interchange Fee Cut Will Hit ATM Network

ACS has condemned a move from LINK, which has today confirmed that it will reduce the interchange fee for card transactions by 5p over the next four years.

ACS chief executive James Lowman said: “Banks have been cutting back their own branch networks, and now they are reducing the interchange fees that fund the network of ATMs provided by retailers and private companies in places that banks have abandoned.  We are concerned that this will lead to a reduction in the number of ATMs, and their reach and accessibility for all types of communities.

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First Speakers Announced for ACS Summit18!

Tickets are now on sale for ACS Summit18, the unmissable and leading industry event for the convenience sector. This year’s conference is now less than three months away and will take place at The Vox, Resorts World, Birmingham on the 17th of April.

ACS’ Summit is the annual premier convenience store event, bringing together hundreds of retailers, suppliers and industry experts from around the globe in a debate about the future of the convenience store industry in the UK. 

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ACS Welcomes Action on Plastic Waste

ACS has welcomed the Prime Minister’s announcement of the Government’s long-term plan to protect the environment, including measures to reduce plastic packaging, with specific proposals to extend the 5p charge on single use plastic bags to all retailers in England.

In the announcements made today, the government state that they “want to extend the scheme so that small retailers also charge for bags. We’ll first be looking at voluntary agreements with the industry to achieve this, before we consider making this compulsory.”

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Local Shops Welcome Government Commitment on High Speed Broadband

ACS (the Association of Convenience Stores) has welcomed an announcement from the Department for Digital, Culture, Media and Sport, which will ensure that everyone in the UK will be able to request high speed broadband by 2020.

In the 2017 Rural Shop Report, ACS highlighted the problems that retailers – especially the 19,000 convenience stores in rural areas - face when trying to invest in their business with substandard broadband speeds and called for the Government to deliver the Universal Service Obligation at a minimum spend of 10mbps.

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ACS Calls on Treasury Select Committee to Scrutinise LINK Proposals on ATM Interchange Fees

ACS has written to Nicky Morgan MP, chair of the Treasury Select Committee, calling for the Committee and the Payment Systems Regulator to carefully scrutinise LINK’s plans to reduce interchange fees for ATMs.

In the letter, ACS expresses scepticism at LINK’s claims that they intend to ‘retain an extensive network of free ATMs for consumers’, as a cut in the interchange fee would inevitably lead to a decline in the number of cash machines available for consumers.

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ACS Welcomes Proposals to Introduce a Licence Obligation on Backbilling

ACS has welcomed Ofgem’s proposals to introduce a new 12-month backbilling limit for microbusinesses in response to their consultation on protecting non-domestic consumers who receive backbills.

The consultation follows ACS’ calls earlier this year for the regulator to take a more active role in protecting microbusinesses from lengthy backbills.

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Cross Party Group On Small Shops Leads Supporting Entrepreneurship Inquiry

The Supporting Entrepreneurship Inquiry held its first evidence session in the National Assembly for Wales on 6th December, taking evidence directly from a range of Welsh Entrepreneurs and business organisations exploring how Government policy can support entrepreneurship.

The Inquiry is collecting evidence on the contributions that different types of entrepreneur make to the Welsh economy and looks to how best to support these entrepreneurs in the long-term.

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