Card Briefs: Nonbank ATMs Closer To Approval in N.H.

The New Hampshire House of Representatives passed a bill last month permitting nonbank automated teller machine deployers to install terminals in the state.

Present law permits only banks to operate ATMs. If, as expected, the bill is passed in the Senate and signed by Gov. Jeanne Shaheen this spring, nonbank deployers could operate in the state by the summer tourist season.

Supporters say the legislation will keep ATM surcharges at reasonable levels, and will encourage the proliferation of cash machines in the state.

Nonbank machine deployers would pay a $50 annual fee to offset expenses incurred by the state's Banking Department, which anticipates increased call volume from customers using nonbank ATMs.

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