Wednesday, August 28, 2019View Showroom
The ATM Industry Association Warmly Welcomes Scottish Affairs Committee Access to Cash Report Recommendations.
In their Access to Cash Report released on 29 August 2019, the Scottish Affairs Committee made the following recommendations
Ron Delnevo, European Director of the ATM Industry Association and passionate campaigner for universal Payment Choice, warmly welcomed the Scottish Affairs Committee report;
“This report includes a very detailed and accurate analysis of access to financial services in Scotland – and the analysis reveals that the Scottish public and businesses are in significant danger of having their vital interests ignored.”
Ron Delnevo emphasises “whilst some might say that it is too late in many towns to save the last bank, the direction of thinking of the Committee is a bullseye. There are ways of encouraging branches to reopen; the Australian Community Banking Model is just one of them. Even where a branch cannot for some reason be re-established, multi-function cash deposit-taking ATMs can provide EVERY community with access to all the financial services local people and businesses require. However, to achieve this, LINK must start paying viable fees to ALL ATMs operators, banks and non-banks, to incentivise such operators to maintain and improve the existing LINK ATM estate”.
Ron Delnevo concludes “the time for discussion and report writing is over. The government needs to act now, in 2019, to ensure that irreparable damage is not done to financial inclusion in Scotland and, indeed, the UK as a whole. Without bank branches, ATMs and access to cash, financial inclusion is, quite simply, impossible.