FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W198730810> ?p ?o ?g. }

• W198730810 startingPage "40" @default.
• W198730810 abstract "Having just been charged $5 to use an ATM on my way here, a speaker told the ABA Technology and Operations Conference, I'm sure legislation on that topic can't be too far off. Others, however, disagree with Terence Roche of Phoenix-based M-One Inc., who shared his personal experience in the course of presenting the findings of his survey on bank technology. Despite all the media attention Sen. Alfonse D'Amato's bill receiving, legal experts say they don't expect a federal ban on even if more state-level bans are imposed. Connecticut and Iowa have long banned and bills have been introduced in about a dozen other states that would ban or freeze surcharging. Most of these were introduced in January. That activity doesn't mean anything concrete will develop, however. I don't see any credible movement among the states to ban or limit surcharges, says Matthew Street, ABA's associate general counsel. He adds, In most states, all it takes a word processor to get a bill in. What happening, according to Street, that compromises are being worked out in favor of disclosure versus an outright ban. Banks have only had the option of surcharging nationwide since April 1996, when Visa USA and MasterCard International repealed a bylaw that prohibited an ATM-owning bank from charging the customer of another bank a fee on top of the interchange fee that the customer's bank already pays to the ATM-owning bank. (See Cost of Convenience, p.46.) Now banks are having a difficult time deciding which side of the surcharge line to be on. Some banks that are currently, part of nonsurcharging alliances are considering surcharging if the practice not, in fact, banned. Others, currently surcharging, are considering desisting from surcharging, instead forming nonsurcharging alliances that will promote their banks as consumer-friendly places. There are reports of banks surcharging almost universally, and still others who surcharge on some automated teller machines but not on others. That range of approach cited by ABA as evidence that the marketplace providing customers with options. Edward Yingling, ABA's executive director of government relations, said in a statement responding to Sen. D'Amato's bill, We don't believe a Republican-controlled Congress would want to take the unprecedented step of placing price controls on a competitive issue. If that happens, thousands of ATMs set up for customer convenience would immediately be shut down. Strange bedfellows Today's surcharge situation originated in the late eighties' when a Texas bank entered into an arbitration dispute with a local ATM network, which was forced to let its users surcharge. Following similar cases in other states, the networks decided it was easiest to universally lift their surcharge bans. irony, notes Federal Trade Commission attorney David Balto, is that surcharges came about because some states [15] passed laws saying the networks must permit surcharging. Now, another 12 states are going in the opposite direction. The ATM networks are like a tennis ball, being battered back and forth by the states. Balto, an advisor to the FTC chairman, expressing his personal opinion. The commission has not taken an official position on surcharges. The surcharge debate at one level a public relations issue. The fact that community activist groups such as the U.S. Public Interest Research Group (PIRG) have been vocal in condemning the fees, has given the issue high visibility in the media, mostly at the expense of banks. On another level, the debate boils down to whether a surcharge gives institutions owning large numbers of ATMs -- mostly large banks, but also nonbank companies such as Electronic Data Systems -- a competitive edge over banks owning few or no ATMs. Parties that ordinarily are opponents have become allies because of this wrinkle -- the most striking example being cooperation between credit unions and banks. …" @default.
• W198730810 created "2016-06-24" @default.
• W198730810 creator A5045979403 @default.
• W198730810 date "1997-09-01" @default.
• W198730810 modified "2023-09-23" @default.
• W198730810 title "To Surcharge or Not to Surcharge" @default.
• W198730810 hasPublicationYear "1997" @default.
• W198730810 type Work @default.
• W198730810 sameAs 198730810 @default.
• W198730810 citedByCount "2" @default.
• W198730810 crossrefType "journal-article" @default.
• W198730810 hasAuthorship W198730810A5045979403 @default.
• W198730810 hasConcept C10138342 @default.
• W198730810 hasConcept C108087509 @default.
• W198730810 hasConcept C112698675 @default.
• W198730810 hasConcept C11413529 @default.
• W198730810 hasConcept C127413603 @default.
• W198730810 hasConcept C144133560 @default.
• W198730810 hasConcept C145097563 @default.
• W198730810 hasConcept C17744445 @default.
• W198730810 hasConcept C199539241 @default.
• W198730810 hasConcept C2777351106 @default.
• W198730810 hasConcept C41008148 @default.
• W198730810 hasConcept C48103436 @default.
• W198730810 hasConceptScore W198730810C10138342 @default.
• W198730810 hasConceptScore W198730810C108087509 @default.
• W198730810 hasConceptScore W198730810C112698675 @default.
• W198730810 hasConceptScore W198730810C11413529 @default.
• W198730810 hasConceptScore W198730810C127413603 @default.
• W198730810 hasConceptScore W198730810C144133560 @default.
• W198730810 hasConceptScore W198730810C145097563 @default.
• W198730810 hasConceptScore W198730810C17744445 @default.
• W198730810 hasConceptScore W198730810C199539241 @default.
• W198730810 hasConceptScore W198730810C2777351106 @default.
• W198730810 hasConceptScore W198730810C41008148 @default.
• W198730810 hasConceptScore W198730810C48103436 @default.
• W198730810 hasIssue "9" @default.
• W198730810 hasLocation W1987308101 @default.
• W198730810 hasOpenAccess W198730810 @default.
• W198730810 hasPrimaryLocation W1987308101 @default.
• W198730810 hasRelatedWork W113443163 @default.
• W198730810 hasRelatedWork W129271944 @default.
• W198730810 hasRelatedWork W130151774 @default.
• W198730810 hasRelatedWork W21280960 @default.
• W198730810 hasRelatedWork W2187989454 @default.
• W198730810 hasRelatedWork W22106934 @default.
• W198730810 hasRelatedWork W2288536 @default.
• W198730810 hasRelatedWork W2398231342 @default.
• W198730810 hasRelatedWork W25668647 @default.
• W198730810 hasRelatedWork W293538487 @default.
• W198730810 hasRelatedWork W2991717160 @default.
• W198730810 hasRelatedWork W2993213042 @default.
• W198730810 hasRelatedWork W2993610324 @default.
• W198730810 hasRelatedWork W3023114186 @default.
• W198730810 hasRelatedWork W304564813 @default.
• W198730810 hasRelatedWork W334299027 @default.
• W198730810 hasRelatedWork W338382659 @default.
• W198730810 hasRelatedWork W614914634 @default.
• W198730810 hasRelatedWork W86687934 @default.
• W198730810 hasRelatedWork W183672310 @default.
• W198730810 hasVolume "89" @default.
• W198730810 isParatext "false" @default.
• W198730810 isRetracted "false" @default.
• W198730810 magId "198730810" @default.
• W198730810 workType "article" @default.