Agency finds many unauthorized ATMs in Mass.
An investigation of non-bank owned automated teller machines found more than 300 ATMs operating without approval and another 101 registered machines that did not meet state regulations, the Massachusetts Division of Banks said today.
Currently, there are about 5,600 non-bank ATMs authorized to operate in Massachusetts, roughly triple the number from a decade ago, the division said. Non-bank ATMs are generally found in such locations as convenience stores or service stations.
The division said it issued cease activity directives on Dec. 8 to each location found to be operating an unauthorized ATM; the directives require these locations to cease ATM operations until such time as they are properly authorized by the division.
“Non-bank ATM operators must follow state regulations, register their machines, and make sure consumers are appropriately aware of the fees and ownership of a machine,” David J. Cotney, the division's acting commissioner, said in a press release.