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1125587
registered interest false more like this
date less than 2019-05-09more like thismore than 2019-05-09
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Cash Dispensing: Fees and Charges more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if he will call a summit with industry representatives, with the objective of ensuring the continued provision of free cash withdrawals at ATMs in deprived communities. more like this
tabling member constituency Birkenhead more like this
tabling member printed
Frank Field more like this
uin 252493 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>Last year, the Government initiated a discussion on payment methods through a Call for Evidence on Cash and Digital Payments in the New Economy. This sought to gather evidence from industry and the public alike on how changing preferences for cash and digital payments impact on different sectors, regions and demographics.</p><p> </p><p>A formal Summary of Responses to this Call for Evidence was published in May 2019. This response set out the Government’s commitment to supporting digital payments, whilst safeguarding access to cash for those who need it. It also highlighted that the Treasury would set up and chair a Joint Authorities Cash Strategy Group, made up of regulators and the Bank of England, to facilitate further co-ordination between the authorities and provide comprehensive oversight of the overall cash infrastructure.</p><p> </p><p>The Government-established Payment Systems Regulator (PSR) is closely monitoring developments in ATM provision, including those that are free-to-use. The PSR regulates LINK, the scheme which runs the UK’s ATM network, and has used its powers to hold LINK to account over LINK’s commitments to preserve the broad geographic spread of free-to-use ATMs.</p><p> </p><p>LINK has put in place specific arrangements to protect free-to-use ATMs more than 1 kilometre away from the next nearest free-to-use ATM. LINK has also enhanced its Financial Inclusion Programme by tripling the funding available for free-to-use ATMs in the most deprived areas of the UK.</p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2019-05-14T12:30:18.817Zmore like thismore than 2019-05-14T12:30:18.817Z
answering member
4051
label Biography information for John Glen more like this
tabling member
478
label Biography information for Lord Field of Birkenhead more like this