Through the reciprocal agreement, participating NYCE ATM cardholders will be able to conduct ATM withdrawals in the UK using LINK ATMs. Once individual LINK banks and building societies sign up, UK cardholders will be able to use NYCE ATMs in the U.S. through the new LINK-NYCE connection.
All of the UK's significant debit and ATM card issuers are LINK members, issuing around 100 million debit and ATM cards. There were 63,300 cash machines connected to the LINK network at the end of 2010. LINK processed almost 3 billion transactions in 2010.
The NYCE Network provides consumers with secure, real-time access to funds. NYCE cardholders can use their cards at more than 360,000 ATMs and 2 million retail locations in addition to the new ATM locations available through the agreement with LINK.
âThis agreement starts a new chapter for LINK,â said Dr. Ken Andrew, LINK chairman. âWe have wanted to expand to make our services available to U.S. visitors while they are in the UK, especially with events such as the London Olympics coming up in 2012. NYCE is the perfect network to team with to execute on this strategy. NYCEâs extensive expertise in ATM networks and broad reach in America make this an excellent fit.â
âNYCEâs strategy is focused on serving the needs of its clients. Providing enhanced ATM access between the UK and the U.S. helps meet those needs,â said Neil Marcous, president, NYCE Payments Network. âAs the second internationally-focused agreement for NYCE within the last nine months, this teaming with LINK represents and supports NYCEâs strategy of expanding globally.â