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<p>The Government recognises that widespread free access to cash remains extremely
important to the day-to-day lives of many consumers and businesses in the UK, and
will continue to work with industry to ensure that this access continues. Since 1998,
the number of free to use ATMs has more than doubled, from 24,600 to over 53,000.</p><p>
</p><p>The Government has not made any formal assessment of the potential effect of
LINK’s proposals to reduce interchange fees in isolation, or in combination with bank
branch closures. However, the Payment Systems Regulator (PSR), which Government set
up in 2015 with the statutory objective to ensure that the UK’s payment systems work
in the interests of their users is monitoring developments within ATM provision, and
is conducting ongoing internal work on the impact that changes may have on ATM provision.
Government is confident that the PSR will use its powers to act should any of the
firms it regulates behave in a way that conflicts with its statutory objectives.</p><p>
</p><p>The Government is engaging regularly with LINK and its members, and they have
assured us that industry is committed to maintaining an extensive network of free-to-use
cash machines, and to ensuring that the present geographical spread of ATMs is maintained.
LINK intend to bolster their Financial Inclusion Programme, which ensures the provision
of ATMs in areas of deprivation, where demand would not otherwise make one viable,
and have recently also committed to protecting all free-to-use ATMs which are a kilometre
or more from the next nearest free-to-use ATM. The Government expects this additional
commitment to be of particular benefit to rural areas.</p>
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