ATM Interchange Fee Dispute Delays Cost Resolution Amidst Stakeholder Disagreements
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ATM Interchange Fee Dispute Delays Cost Resolution Amidst Stakeholder Disagreements

Banks and cash-in-transit firms face challenges in agreeing on ATM interchange fee structures and cost absorption, leading to extended deadlines. The high cost of ATM cassettes and differing stakeholder interests hinder progress. A committee noted that if ATM growth doesn't match debit card numbers, banks might see increased branch footfalls, which are more expensive for cash transactions than ATMs.

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