Founded in 2006 by chief executive Peter McNamara, 67, NoteMachine is one of Europe’s largest cash machine businesses, with 11,000 dispensers in Britain and Germany. It has also diversified into foreign exchange, ATM servicing and direct currency conversions. Its private equity owner Corsair Capital has reportedly been exploring a sale of the Welsh business. ATM industry body Link is cutting the fees paid by card issuers for cash withdrawals, a move which may have an impact on one of the company’s key revenue streams.
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