CCBS can do no better than quote from a recent and independent source:

“There is a strong prima facie case to support the creation of a third-party company under the auspices of APACS to develop and run a network of shared neutrally branded branches. The company could be wholly or partly owned by APACS, with third-party operators appointed to operate the network on behalf of the banks. The branches should be focused solely on the provision of counter facilities and a range of agreed ancillary services, to predetermined operating standards. They could be made available to customers of all banks, building societies and other approved organisations seeking counter facilities for their account holders.”

David Cavell, an independent consultant specialising in the development and implementation of branch and self-service channel strategies.

FINCIANCIAL WORLD
February 2004