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08/11/2010 / craigmartinallen

Cashbox spreads net to take in Wi-Fi ATMs


By Alistair Dawber
Monday, 22 June 2009

You always know you should not, but the cash machine in the corner of the bar, which will charge £2.50 just to get at your own money, is your only option. While most people baulk at the idea of having to pay to get their own money, it is undoubtedly useful on occasions to have cash machines in places that banks would never put them: pubs, convenience shops and on streets in the middle of nowhere.
One such group is Alternative Investment Market (Aim)-listed Cashbox, which generally places its cash-cows in pubs up and down the country. One thing that might soften the blow for customers paying the charge is its announcement today that it has signed a deal with BT Openzone internet, which will effectively turn the group’s estate of cash machines into Wi-Fi hotspots.
Ciaran Morton, the chief executive of Cashbox, said: “As a customer-focussed business, we are continually looking for ways to extend our service offering, and with exciting initiatives such as this we are providing our customers with additional opportunities to utilise the ATM machines. May was an all-time record month for transaction levels, as people are finding cash preferable to credit in the current economic climate.”


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