Making the Link

With low interest rates putting banking margins under pressure, the costs of the LINK network, and free ATMs, in general, is coming under scrutiny. One option is for the 54,000 free cashpoints (77% of total) to start charging. But for how much longer will these machines be needed? Just under half of all transactions are still carried out with cash; however, this is on the wane, with non-cash transaction rising at c.8% pa. Contactless technology (1 in 4 payments) has removed a major friction point, making card transactions quicker than cash. A cashpoint typically contributes a base rent of between £2,500 and £10,000 pa to the commercialisation budget of shopping centres.