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<p>Following a Call for Evidence on Cash & Digital Payments, and in recognition
of changing payment trends, the Government has set up the Joint Authorities Cash Strategy
(JACS) Group.</p><p> </p><p>Chaired by the Treasury, this group brings together the
key regulators to co-ordinate regulatory work to support nationwide cash access. The
JACS Group is considering the whole end-to-end cash infrastructure, of which ATMs
are a subset, and will publicly update on industry and regulatory activity in the
Autumn.</p><p> </p><p>Regarding ATMs specifically, as you know, the Payment Systems
Regulator (PSR) is closely monitoring developments in ATM provision and holding LINK
to account over LINK’s commitments to preserve the broad geographic spread of the
UK’s ATM network. LINK cancelled its third interchange fee reduction (the fee which
funds free-to-use ATMs), due in January 2020, and put on hold its fourth reduction,
due in January 2021, pending further review.</p><p> </p><p>The PSR welcomed these
adjustments, having stated that LINK must carefully review its decisions on interchange
fees to reflect changing market conditions.</p>
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