Ron Delnevo's Blog

I will never forget the occasion. My appearance before the Treasury Select Committee (TSC) in February 2005. The TSC was "investigating" cash machine charges. The Chair, John McFall, had taken a particular interest in this subject, perhaps enjoying the media profile it gave him. Being Labour Member of Parliament for West Dunbartonshire didn't normally make the incumbent a star of stage and screen....

The LINK UK ATM Network announced a few months ago that it planned to reduce ATM interchange by 20% over 4 years. This move stunned many observers because LINK interchange is calculated each year using a transparent cost-recovery formula, which was approved by UK Regulatory Authorities well over a decade ago. The essence of the argument put forward by the LINK Board to justify the massive arbitr....

LINK ATM Network are proposing an arbitrary cut of 20% in ATM interchange fees, phased over a four year period. This is quite simply a recipe for the beginning of the end of convenient access to cash in the UK.  Let me very clear; NO level of arbitrary cut is acceptable, for the irrefutable reason that the first such cut will open the flood gates to further cuts, ultimately leading to all UK ....

Sir Mark Boleat, Chairman of LINK Scheme Holdings Limited ( AKA LINK ATM Network) has informed us, through the media, that it is NOT the Industry Directors at  LINK who are pressing for LINK interchange to be arbitrarily cut by 20%. That, of course, begs the question; what ARE the Industry Directors, from a foreign bank and government-owned RBS, doing?  We await an answer to that questi....

If you live in the UK and don't already know that the LINK UK ATM Network is trying to arbitrarily slash interchange by 20%, you should not read on, because this issue, though vital to the future of the UK Public and economy, is clearly of no interest to you. If you are still with me, you must realise the seriousness of the situation. Despite the fact that the Bank of England recently announced ....