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In any case, even if the New York City legislation is ultimately struck down by the courts, it will send an important message to Congress and the banking industry that the public demands an end to anticompetitive ATM surcharges. ... David A. Balto, "Sorry Legacy of the ATM Surcharge Fight," American Banker, June 10, 1998, p.
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www.atmsurcharges.com/nyc/sorkin-nyc.pdf
www.atmsurcharges.com/nyc/sorkin-nyc.pdf
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Two studies in 1978 and 1980, based on Federal Deposit Insurance Corporation data, ... The alleged scenario is that customers of small banks will get tired of paying ATM fees and will shift their accounts to larger banks to avoid the surcharge. Community banks will be squeezed out, creating a less competitive banking industry.
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www.cato.org/pubs/briefs/bp-036.html
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An overcharge or additional cost.; A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on ... PULSE offers access to Select(tm) ATM to all its members on a non-discriminatory basis. ... The Free Library > Business and Industry > Business,
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www.thefreelibrary.com/State+Community+Bank+Group+Endor...
www.thefreelibrary.com/State+Community+Bank+Group+Endorses+PULSE+Select+ATM+Surcharge-Free+...-a063592248
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In particular, the surcharge fee paid by consumers using an ATM that does not belong to their bank increased from zero in 1996 to an average of roughly $1.50 in 2003. ... The ATM industry infrastructure consists of card-issuing banks, ... Research Publications | Economists | Research Centers | Conferences | Economic Data...
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www.frbsf.org/publications/economics/letter/2005/el2005...
www.frbsf.org/publications/economics/letter/2005/el2005-36.html
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The average ATM surcharge is now $1.47 - the most common is $1.50, with more institutions than last year charging $2.00. 99% of institutions surveyed offer ATM cards, and 90% assess surcharges. www.bankrate.com;
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www.bankersonline.com/articles/bhv13n01/bhv13n01a4.html
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The development will likely lead other banks to raise their ATM fees, too. "Banks often move like a school of fish on punitive charges such as ATM surcharges and credit card late fees, so it's just a matter of time before others follow suit," says Greg McBride, a senior analyst at Bankrate.com (RATE).
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www.usatoday.com/money/industries/banking/2007-09-12-at...
www.usatoday.com/money/industries/banking/2007-09-12-atm-fees_N.htm
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Payment Card Industry Data Security; Data security issues continue to become more prevalent and capture news headlines. It is important that merchants implement proper safeguards to prevent fraud. The primary threat has to do with your POS system connected to the internet and your network environment.
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www.vantagecard.com/resources/PCI_Data_Secrity.html
www.vantagecard.com/resources/PCI_Data_Secrity.html
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Iowa has never allowed surcharges. Two California cities, Santa Monica and San Francisco, enacted ATM surcharge bans in 1999. The cities' bans have been suspended, pending the outcome of a lawsuit brought by the state's two largest banks.
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www.newrules.org/resources/atmfact.html
www.newrules.org/resources/atmfact.html
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The Allpoint Network (a subsidiary of Cardtronics) and the Star EFT Network (a First Data subsidiary) is offering a turnkey solution for banks and credit unions who want to gain a greater ATM presence and offer its customers surcharge-free ATM access. ... Student Lending Industry...
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www.glgroup.com/News/First-Data-and-Allpoint-Team-Up-to...
www.glgroup.com/News/First-Data-and-Allpoint-Team-Up-to-Offer-Surcharge-Free-ATM-Access-15715.html
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