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15/06/2004
Britons lead Europe in cash machine usage
Britons are using cash machines at faster rate than anywhere else in Europe, withdrawing over £144 billion pounds from ATM's in 2003, according to data published today.
According to a new Association of Payment Clearing Services (APACS) survey, cash machines were relied upon to supply more than half (53%) of all cash to individuals, with 2.37 billion transactions in 2003, equating to an average of 75 withdrawals per second. The average cash withdrawal value was £61 (1998: £53) at bank or building society machines and £46 at non-bank or building society machines.
The most recent figures for Europe relating to 2002 show the UK cash machine market grew by 11.3% against an average across the EU of just 6.2%, making the UK the fastest growing market in Western Europe. The rate of growth has accelerated during 2003, reaching 13.8%.
Sandra Quinn, Director of Communications of APACS, said: "As we become an increasingly mobile society, more and more UK customers rely on cash machines as part of their daily life.
"This increasing demand for more cash machines is met head on as the number of locations continues to increase year on year.
"We will reach a saturation point, where the demand for more locations will dwindle. But as our latest results show, that day is far from the present."
An additional 5,636 cash machines were deployed in the UK during 2003, bringing the total number of machines in the UK to 46,461 (up 13.8%).
There were 158 million plastic cards in issue in the UK by the end of 2003 that carried cash machine functionality. Of these, 70.4 million were credit or charge cards, 62.9 million were debit cards and 24.9 million were cash machine-only cards.
Ninety-seven per cent of withdrawals from cash machines in the UK were free last year according to data released by the today.
(gmcg)
According to a new Association of Payment Clearing Services (APACS) survey, cash machines were relied upon to supply more than half (53%) of all cash to individuals, with 2.37 billion transactions in 2003, equating to an average of 75 withdrawals per second. The average cash withdrawal value was £61 (1998: £53) at bank or building society machines and £46 at non-bank or building society machines.
The most recent figures for Europe relating to 2002 show the UK cash machine market grew by 11.3% against an average across the EU of just 6.2%, making the UK the fastest growing market in Western Europe. The rate of growth has accelerated during 2003, reaching 13.8%.
Sandra Quinn, Director of Communications of APACS, said: "As we become an increasingly mobile society, more and more UK customers rely on cash machines as part of their daily life.
"This increasing demand for more cash machines is met head on as the number of locations continues to increase year on year.
"We will reach a saturation point, where the demand for more locations will dwindle. But as our latest results show, that day is far from the present."
An additional 5,636 cash machines were deployed in the UK during 2003, bringing the total number of machines in the UK to 46,461 (up 13.8%).
There were 158 million plastic cards in issue in the UK by the end of 2003 that carried cash machine functionality. Of these, 70.4 million were credit or charge cards, 62.9 million were debit cards and 24.9 million were cash machine-only cards.
Ninety-seven per cent of withdrawals from cash machines in the UK were free last year according to data released by the today.
(gmcg)
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13 December 2006
Free cash machines for low-income areas
More than 600 new non-charging cash machines are to be provided in Britain's poorer areas, the government has announced. The move comes following a deal agreed between the Parliamentary ATM Working Group - chaired by John McFall MP and Chairman of the Treasury Select Committee - which includes leading banks, cash machine operators and HM Treasury.
Free cash machines for low-income areas
More than 600 new non-charging cash machines are to be provided in Britain's poorer areas, the government has announced. The move comes following a deal agreed between the Parliamentary ATM Working Group - chaired by John McFall MP and Chairman of the Treasury Select Committee - which includes leading banks, cash machine operators and HM Treasury.
10 November 2004
Warning issued following huge rise in ATM fraud
Cash machine users have been warned to play safe when making cash withdrawals, after figures published today revealed that fraudulent ATM withdrawals topped £61 million last year – a rise of 85%. Total card fraud rose by 18% to £478.8 million in the 12 months to June 2004. The £28.
Warning issued following huge rise in ATM fraud
Cash machine users have been warned to play safe when making cash withdrawals, after figures published today revealed that fraudulent ATM withdrawals topped £61 million last year – a rise of 85%. Total card fraud rose by 18% to £478.8 million in the 12 months to June 2004. The £28.
26 August 2014
Raiders Attack Police With Sledgehammer In Foiled Cash Machine Robbery
A police officer has been treated in hospital after being attacked with a sledgehammer. Police say that the 41-year-old officer was responding to a report of a cash machine robbery at a Tesco Express store in Sandwell.
Raiders Attack Police With Sledgehammer In Foiled Cash Machine Robbery
A police officer has been treated in hospital after being attacked with a sledgehammer. Police say that the 41-year-old officer was responding to a report of a cash machine robbery at a Tesco Express store in Sandwell.
28 July 2006
RBS to provide 'free' ATMs for poor
Royal Bank of Scotland is to provide an initial 300 free-to-use cash machines in some of the Britain's poorest areas. The bank is currently seeking the advice and support from MPs, credit unions and community leaders, to ensure that the most appropriate locations in the UK benefit.
RBS to provide 'free' ATMs for poor
Royal Bank of Scotland is to provide an initial 300 free-to-use cash machines in some of the Britain's poorest areas. The bank is currently seeking the advice and support from MPs, credit unions and community leaders, to ensure that the most appropriate locations in the UK benefit.
10 December 2003
Cash boost for 'unique eco-systems' in overseas territories
The remote islands of Ascension, St Helena and Tristan da Cunha in the Atlantic, and coral atolls in the Indian Ocean are just some of the unique habitats in the UK 's Overseas Territories which stand to benefit from a new £3 million cash fund designed to save precious eco-systems from destruction, it was announced today.
Cash boost for 'unique eco-systems' in overseas territories
The remote islands of Ascension, St Helena and Tristan da Cunha in the Atlantic, and coral atolls in the Indian Ocean are just some of the unique habitats in the UK 's Overseas Territories which stand to benefit from a new £3 million cash fund designed to save precious eco-systems from destruction, it was announced today.
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