LINK update on cash machine interchange discussions

John Howells, Chief Executive of LINK, said:

Members of LINK, operator of the UK’s cash machine network which connects the country’s 70,000 cash machines, met this morning (Thursday 26th January) to discuss its interchange and business model. Whilst commercial perspectives may vary, every LINK member was clear at the meeting that ensuring the future of the LINK Network and the cash access needs of UK consumers remains their number one priority.

It was agreed that a working group of members will be established in order to explore a way forward for the sustainability of the LINK Scheme, particularly LINK Interchange.   Details of this group will be defined as soon as practical and it is anticipated that this group will report back to the LINK Network Members Council later in the year.

LINK will continue to work closely with its 39 members to keep regulators, government and consumer groups fully informed. The LINK network continues to operate normally and it’s business as usual for consumers at all the UK's 70,000 ATMs.