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Encyclopedia > Interbank network

An interbank network, also known as an ATM consortium or ATM network, is a network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks. A wide variety of systems of interconnected components are called networks. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automated teller machine, automatic teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... A bank is an institution that provides financial service, particularly taking deposits and extending credit. ...


While interbank networks provide capabilities for all ATM cards within the same network to use other banks' ATMs that belong to the same network, the services vary. Usually, when a person uses their ATM card at an ATM that does not belong to their bank, the basic services, such as balance inquiries and withdrawals, are usually available. However, special services, such as the purchase of mobile phone airtime, are usually not accessible to ATM cardholders of banks other than the ATM cardholders of the acquirer (the bank that owns the ATM).


Interbank networks are convenient because people can access the ATMs of other banks who are members of the network when their own bank's ATM is unavailable. Such is especially convenient for travelers traveling abroad, where multinational interbank networks, like PLUS or Cirrus, are usually available. Addition is one of the basic operations of arithmetic. ... Cirrus is an interbank network linking holders of MasterCard, Maestro, or Cirrus-branded credit, All Diners Club, debit, prepaid, and ATM cards to ATMs worldwide. ...


Interbank networks also, through different means, permit the use of ATM cards at a point of sale through the use of a special EFTPOS terminal where ATM cards are treated as debit cards. POS must not be confused with EFT/POS and POS Terminal used in Electronic payment POS or PoS is an acronym for point-of-sale (or point of purchase). ... This article or section may be confusing for some readers, and should be edited to be clearer. ... A debit card is an ISO 7810 card which physically resembles a credit card, and, like a credit card, is used as an alternative to cash when making purchases. ...



Interbank networks by region
Multiregional:

Cirrus | Maestro | PLUS Cirrus is an interbank network linking holders of MasterCard, Maestro, or Cirrus-branded credit, All Diners Club, debit, prepaid, and ATM cards to ATMs worldwide. ... Maestro is an international debit card service; a joint venture by Mastercard and Europay International. ... Addition is one of the basic operations of arithmetic. ...

Africa:

123 | CashNet A satellite composite image of Africa Africa is the worlds second-largest and second most populous continent, after Asia. ...

Asia Pacific:

1Link | ALTO | atm5 | Artajasa | BancNet | BANKCARD | Bersama | Cashnet | CashTree | CSC | ETC | Expressnet | Himbara | JETCO | MEPS | MegaLink | MITR | MNET | Superkasa | UnionPay | Map of the Pacific Rim and List of the Pacific Rim Nations The Pacific Rim is a political and economic term used to designate the countries on the edges of the Pacific Ocean, as well as the various island nations within the region. ... BancNet is an interbank network connecting the ATM networks of thirty-four banks in the Philippines. ... Expressnet is an interbank network connecting the ATM networks of seven major banks in the Philippines. ... Logo of JETCO JETCO (Traditional Chinese: 銀通) (full name: Joint Electronic Teller Services Limited, Traditional Chinese: 銀聯通寶有限公司) is the biggest network of automatic teller machines in Hong Kong and Macau, with nearly 1,700 cash machines. ... MegaLink is an interbank network connecting the ATM networks of twenty-three major banks in the Philippines. ... China UnionPay the only credit card organization in China, which now can be accepted in US, Western Europe,East Asia,and Southeast Asia. ...

Caribbean:

ATH | Unired Central America and the Caribbean (detailed pdf map) The Caribbean, (Spanish: Caribe; French: Caraïbe or more commonly Antilles; Dutch: Cariben or Caraïben, or more commonly Antillen) or the West Indies, is a group of islands and countries which are in or border the Caribbean Sea which lies on...

Europe:

4B | Altın Nokta | BankAxept | BKM | CB | DIAS | Eufiserv | Euronet | Multibanco | Otto | ServiRed | StarNet World map showing Europe Europe is conventionally considered one of the seven continents which, in this case, is more a cultural and political distinction than a physiogeographic one. ... Carte Bleue Visa from Société Générale Carte Bleue (or Blue Card in English) is a major debit card payment scheme operating in France. ...

North America:

Credomatic | Interac | NYCE | Pulse | RED | Red Total | STAR | World map showing North America A satellite composite image of North America. ... Interac Logo Interac Association is a Canadian organization linking enterprises that have proprietary networks so that they may communicate with each other for the purpose of exchanging electronic financial transactions. ... NYCE is an interbank network connecting the ATMs of various financial institutions in the United States and Canada. ...

South America:

Interbank | Link | Redbanc | Telebanco | Unicard South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ...

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  Results from FactBites:
 
Neon Twilight Entities - Interbank (379 words)
Interbank grew fat and aggressive during those years, until it broke free of, and then swallowed, its astonished parent companies.
Today Interbank still dominates, but its position is being attacked by jealous governments who have lost monetary control of their economies to leviathans such as these.
Interbank's webworks are highly lethal and paranoid in the extreme, and even if a succesful hacker sneaks into its systems, the amount of money that can be skimmed is very limited.
Payment Ssytem in Thailand (4873 words)
These networks merged in 1993 to form a single nation-wide ATM network system called the ATM Pool.
For the POS network, the Credit Card Business Club, which is an organization under the Thai Bankers’ Association, hopes to put in place an EFTPOS network or the EDC Pool (Electronic Data Capture Pool) by mid-1997.
The system provides interbank clearing for small-valued transfers, including payroll and dividend transfer on the credit side and payment of household utilities bills on the debit side.
  More results at FactBites »


 

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