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$50,000 settles ATM investigation

A company that provides ATMs to many local convenience stores, restaurants, and other retailers has agreed to pay $50,000 to settle allegations that it failed to post fee disclosure notices on some of its machines, Massachusetts Attorney General Martha Coakley said Tuesday.

Martha Coakley. File photo. Aram Boghosian for The Boston Globe.

Atlas ATM Corp. also agreed to change its disclosure practices. State regulations require ATM providers to alert consumers about charges for ATM transactions.

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“Companies should be held accountable for providing appropriate fee disclosures to consumers,” Coakley said in a statement. “Consumers will now be notified by this ATM provider before they use their debit and credit cards.”

Coakley said she became aware of Atlas’s actions as a result of an investigation with the state’s Division of Banks. Coakley’s office and the division have been conducting an industrywide investigation into nonbank ATM disclosures. In May, Coakley and the division settled similar allegations with Merrimak ATM Group.

Chris Reidy can be reached at reidy@globe.com.
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