ADE: Calls are coming to businesses that have interconnected their cash machines with POS

Calls from it will take close to 12,000 companies who have not taken any action to connect their cash machines with them, in practice ignoring the deadlines set. According to the data announced by the Ministry of Finance, ERT notes, more than 255,000 businesses either completed (145,000) the connection of cash machines to POS, or have booked an appointment with a technician (110,000) by the end of April, making the relevant required suspension on the ADE platform. However, there remains a 10% or close to 30,000 businesses that have not made any moves, i.e. have made no connection, nor have they made an appointment with a technician. Of these, it is estimated that around 20,000 are seasonal enterprises which by law have an interconnection margin until the previous day of their opening. But there are about 10,000 – 12,000 left who have not made the slightest move of interconnection. These companies will start receiving calls from today to proceed to the interconnection of the two devices or to declare an appointment with a technician to avoid the fine. ADE will attempt to find out whether the delay is due to force majeure or negligence in order to then take the relevant decisions. Competent sources make it clear that in the event that these undertakings report substantial reasons for force majeure, they will be treated with clemency. Otherwise, the fines will simply be imposed, 10,000 – 20,000 euros depending on whether they comply with simple or double-script elements. These fines are reduced to half for enterprises established in settlements with a population of up to 500 and islands with a population of up to 3,100 (except tourism). In the event of a recurrence within five years the fines shall be doubled and for each subsequent infringement tripled. Intensified Controls start from now on, AED and for the approximately 50,000 businesses that are obliged to install POS after their expansion into 35 branches and practically throughout the market. With the exception of seasonal businesses again, the POS non-installation fine is EUR 1,500 and is now active. On the basis of the provisions in force, they shall be: -The enterprises which have not made the interconnection of their systems within March, but have a scheduled appointment with an installation technician within April, and: -Businesses that have stated on the POS Register that they are going to replace their cash system with some of the new available solutions all in one, that do not require additional interconnection actions.