Ann: Investor Update, page-21

But Australia’s second biggest independent operator, Stargroup, forecast fees would rise to account for any fall in volume, and to offset increasing technology and cash-transit costs.

“I think medium to long-term, prices will go up,” Todd Zani, CEO of Perth-based Stargroup, which has 2300 ATMs told News Corp Australia.

He said people were “prepared to pay for convenience”, pointing to a trial last year in which Stargroup upped its charges by $1 to $3.50 at seven locations.

“It had zero impact,” he said.

http://www.news.com.au/finance/mone...p/news-story/7500d9b4cc6c64da783fb2e2f7c50be2