ATM Surcharging in the US Market: The Growth of National Banking Networks Will Hasten Its Decline

Published Date: November 2008 Published By: TowerGroup Page Count: 5 Order Code: R301-1561 $1,750.00   Online Download   Questions About This Report E-mail a Colleague Printable Page Fax Your Order Description Table of Contents Search Inside this Report Similar Products Banks' revenue from surcharges at their automated teller machines (ATMs) will decline at a compound annual growth rate (CAGR) of more than 4% by 2012. Consolidation of financial services institutions (FSIs) will contribute to the disintegration of ATM surcharges, as will consumers' migration away from cash to other payment types. Declining ATM fees should not cause banks to curtail their investments in ATM deployment because ATMs play such a pivotal role in customer relationships. Although banks will continue to collect fees from noncustomers at their ATMs, low average revenue from these surcharges will not be a deciding factor in placement of new ATMs. To compete with large bank networks, small and alternative banking facilities will reimburse surcharge fees that their customers pay to other banks as well as join surcharge-free networks. Similar Products • 2009 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in European Consumer Banking Published Dec 2008 by TowerGroup • Teller Automation Vendors: Targeting the Top-Tier Banks in the United States Published Dec 2008 by TowerGroup • China Commercial Banking Q4 2008 Published Dec 2008 by Business Monitor International • The Global Credit Crisis as a Catalyst for SEPA Published Dec 2008 by TowerGroup • The US Mortgage Banking Crisis: Ripple Effects and Global Realities Published Dec 2008 by TowerGroup • ACE Cash Express Inc. Published Dec 2008 by SGA Lists • Babson Capital Management Llc Published Dec 2008 by SGA Lists • JPMorgan Asset Management Holdings Inc. Published Dec 2008 by SGA Lists • NYMEX Holdings Inc. Published Dec 2008 by SGA Lists • Bain Capital Published Dec 2008 by SGA Lists