The Republic of Ireland’s district president Martin Mulligan has warned members not to sign any new ATM contracts following Euronet Worldwide’s acquisition of Easycash-branded ATMs in Ireland from Ulster Bank.
Euronet said approximately 400 ATMs will be integrated into its current network in the coming months but has promised no disruption in service. It has unveiled plans to offer value-added services on the ATMs, including cash deposit, foreign currency dispensing, event ticketing and promotional advertisements.
However, Mr Mulligan warned that such changes could often prove disadvantageous to retailers as they are left misinformed on how to strike a beneficial contract.
“I want to warn members to check their current contracts and to not sign any new ones,” he said.
“You have to be careful to check everything in these instances. We have seen some horror stories in the UK, and when these acquisitions happen outside of Ireland it is a different matter because contractual agreements can differ. I plan on speaking to members about this in our next district council meeting.”
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