Reform of the ATM System - One Year On

Brendan Filipovski and Darren Flood
Additional contact information
Brendan Filipovski: Reserve Bank of Australia
Darren Flood: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2010, 37-45

Abstract: The payments industry, with support from the Reserve Bank, introduced major reforms to the ATM system in March 2009. The reforms were designed to increase competition and efficiency in the ATM system. They have, by and large, been meeting their objectives. Cardholders have responded to clearer price signals by changing their pattern of ATM transactions, resulting in a reduction in total ATM fees paid. Flexibility in ATM pricing has helped to increase the number of ATMs, including in locations that might not have been financially viable in the past. At the same time, competition has driven financial institutions of all sizes to provide their cardholders with access to a wide network of ATMs free of direct charges.

Keywords: ATMs; ATM reforms; ATM fees; foreign fees; foreign ATMs; direct charging; ATM surcharging; interchange fees; ATM Access Regime; ATM deployment; payments reform (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.rba.gov.au/publications/bulletin/2010/jun/pdf/bu-0610-6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rba:rbabul:jun2010-06

Access Statistics for this article

RBA Bulletin (Print copy discontinued) is currently edited by Luci Ellis

More articles in RBA Bulletin (Print copy discontinued) from Reserve Bank of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Paula Drew ().