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Article: Australia Launches Study Of ATM Industry.
- Article from:
- ATM & Debit News
- Article date:
- September 4, 2008
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Australia's ATM industry Aug. 26 launched the first major study of itself as it moves to a new cardholder payment model in 2009.
Beginning in March, ATM networks will charge cardholders directly for ATM withdrawals as companies do in Canada, the United States and the United Kingdom, says Mangala Martinus, senior consultant for Edgar, Dunn & Co., the management-consulting company overseeing the study from its Sydney, Australia, office.
For example, when a cardholder withdraws cash from a competing bank's ATM, the bank would charge a surcharge fee, Martinus tells ATM&Debit News.
The cardholder's bank also would have the option of charging its ...