Glossary of Terms
L
The former national currencies of the states in the Economic and Monetary Union (EMU). These states have now adopted the euro as their national currency
Refers to the location of ATMs, comprising sports and leisure centres, hotels, campsites, gambling, cinemas, stadiums, zoos, etc.
LINK Interchange Network Ltd is a company limited by shares that is wholly-owned by 22 of the UK's largest banks and building societies. LINK has two constituent parts: the Operating Company provides the services (including settlement) that make ATM sharing possible throughout the UK; the Card Scheme determines the operating rules that define the terms of trade between members. LINK-enabled cards are issued by all UK card issuers, and the cards can be used in virtually all ATMs in the UK except for a very small number of privately-owned cash dispensers.
A card issued typically by a retailer or group of retailers to earn rewards or discounts e.g. Nectar and Tesco Clubcard.
