Moneybox Corporation Ltd, the UK market leader in convenience cash machines or Automated Teller Machines announced that is has become a member of LINK, the ATM clearance network in the UK.
This is the first time that independent ATM providers have been allowed to become members of the LINK network in their own right without a sponsoring bank, and reflects the LINK rule change announced by panel members in February 2000.
Since June 1999, Moneybox has been growing its ATM estate based on convenience sites around the UK and now has a market leading position with over 700 ATMs installed, with the number estimated to reach 1,000 by summer 2000. The Company has recently announced that it has ordered a further 500 from NCR. Commenting on the news, Paul Stanley, Managing Director of Moneybox, said: “I am delighted that LINK has allowed Moneybox to become a member. We were the first independent cash machine provider and operator to apply to LINK for membership and we have had a long relationship with the organisation. “With the entry of independents into the ATM market, this will result in greater competition in the market which in turn will offer wider choice to the public. With direct membership to LINK, this opens our horizons in providing convenient cash facilities to the public in a wider range of locations in towns and cities around the UK.”Details