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Interbank Networks
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network. However, the functions which may be performed at the network ATM vary. For example, special services, such as the purchase of mobile phone airtime, may be available to own-bank but not to network ATM cardholders. Furthermore, the network ATM owner may charge a fee for use of network cards (in addition to any fees imposed by the own-bank). Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus, are widely available. Interbank networks also permit, through different means, the use of A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computer Networking
A computer network is a set of computers sharing resources located on or provided by network nodes. The computers use common communication protocols over digital interconnections to communicate with each other. These interconnections are made up of telecommunication network technologies, based on physically wired, optical, and wireless radio-frequency methods that may be arranged in a variety of network topologies. The nodes of a computer network can include personal computers, servers, networking hardware, or other specialised or general-purpose hosts. They are identified by network addresses, and may have hostnames. Hostnames serve as memorable labels for the nodes, rarely changed after initial assignment. Network addresses serve for locating and identifying the nodes by communication protocols such as the Internet Protocol. Computer networks may be classified by many criteria, including the transmission medium used to carry signals, bandwidth, communications pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bancomat (debit Card)
Bancomat is an interbank network for cash withdrawals widely used in Italy. It was first introduced in 1983 for use with automated teller machines. The network is owned by the Rome-based Bancomat, S.p.A. and its cards are issued by Italian banks. The service is only used in Italy and the word “bancomat” is used in Italy as a synonym for automated teller machine. In 1986, an associated debit card network called PagoBancomat was introduced, which is based on the Bancomat service and is intended for PIN-based POS transactions. Since the Bancomat network is not used outside Italy, almost every Bancomat/PagoBancomat debit card is co-branded with a multinational service, such as Mastercard, Maestro, Visa, Visa Electron or V Pay, for use abroad. A new service called Bancomat Pay was introduced in January 2019. It is intended for electronic payment for online transactions. See also * ATM card * Point of sale The point of sale (POS) or point of purchase (POP) is the ti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allpoint
Allpoint is an interbank network connecting automated teller machines (ATMs). It offers surcharge-free transactions at ATMs in its network. It operates in the United States, Canada, Mexico, United Kingdom, and Australia. Allpoint is owned by Cardtronics and is headquartered in Houston, Texas. History Allpoint was founded in 2003 by entrepreneur Ben Psillas of ATM National, Inc., who was tired of looking for ATMs from his own bank. In 2005, Cardtronics acquired ATM National, Inc. and Allpoint. In September 2008, Allpoint added ATMs at 5,500 7-Eleven stores to its network. In October 2010, the network expanded to Australia. In January 2011, the network expanded to Mexico. In July 2016, Fifth Third Bank joined the network. In 2015, network member KeyBank of Ohio was awarded a contract to distribute unemployment claims in the state of New York. Large numbers of New Yorkers were able to leverage the network affiliation to avoid surcharges against their COVID-19 rel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing House Automated Payment System
Chaps ( or ) are sturdy coverings for the legs consisting of leggings and a belt. They are buckled on over trousers with the chaps' integrated belt, but unlike trousers, they have no seat (the term "assless chaps" is a tautology) and are not joined at the crotch. They are designed to provide protection for the legs and are usually made of leather or a leather-like material. Their name is a shortened version of the Spanish word ''chaparajos''. ''Chaparajos'' were named after the chaparral (thick, thorny, low brush) from which they were designed to protect the legs while riding on horseback. Like much of western American horse culture, the origin of ''chaparajos'' was in the south of Spain, from which it then passed on to the part of New Spain that later became Mexico, and has been assimilated into cowboy culture of the American west. They are a protective garment to be used when riding a horse through brushy terrain. In the modern world, they are worn for both practical work purpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LINK (UK)
LINK is a British interbank network. It is the largest interbank network in United Kingdom. Network The network counts 38 member institutions, of which many are various banks and building societies issuing LINK cash cards, and the remainder are independent cash machine operators who do not issue cards. The network connects over 70,000 cash machines – virtually every cash machine in the United Kingdom. The LINK scheme is administered by LINK Scheme Ltd., based in Leeds, Yorkshire. The LINK network infrastructure is operated by Vocalink, a company formed in 2007 by the merger of LINK Interchange Network Limited and Voca Limited. The LINK cash machine scheme is a separate entity which is run by the scheme members. In addition to providing the core cash machine transaction switching and settlement service to LINK network members, VocaLink provides outsourced cash machine, card and mobile payment services and provides access to Post Office counters for basic banking transac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BankservAfrica
BankservAfrica is an automated clearing house located in Johannesburg, South Africa and operates both nationally and within Africa. Annually processing billions of transactions valued at trillions of South African rand; BankservAfrica's clients include banks, corporates, government and the retail sector. By volume of transactions alone, it is rated as Africaʼs largest automated payments clearing house. History Prior to the establishment of BankservAfrica, the South African banking industry owned several companies that provided shared services to the industry in a number of different payment channels. As these companies operated in silos, a need was identified for a single structure and an interbank task group was appointed to investigate the feasibility. BankservAfrica was founded in 1972 as the Automated Clearing Bureau (Pty) Limited to service the banking industry by providing interoperability between the banks. In December 1993 the name changed to Bankserv and in 2010 the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yucho (interbank Network)
is an interbank network in Japan, owned and operated by the postal savings division of Japan Post Bank. It counts some 26,519 ATMs, of which 23,500 are at post offices and 2,869 are away from post offices. The number of ATMs correspond to about one for every post office in Japan, excluding a few post offices that are too small to support ATMs. It is one of the first interbank networks, having been set up in 1979. Some 130 banks in Japan have access to the Yucho network and vice versa. However, rather than being members of Yucho, they are affiliates of the network. The network was set up primarily for Japan Post's postal finance systems, which include its savings accounts. Yucho ATMs are also linked internationally to the Cirrus, China UnionPay and PLUS interbank networks, and also accept Visa, MasterCard, American Express, Diners Club, Japan Credit Bureau and China UnionPay credit cards through those networks. Yucho ATMs are categorized into two kinds: actual ATMs, whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interswitch
Interswitch is a leading African integrated payments and digital commerce platform company headquartered in Lagos. Founded in 2002 in Nigeria, as a transaction switching and processing company with national focus, Interswitch progressively evolved to incorporate consumer financial services with the successive launches of Quickteller, a retail payments ecosystem linking merchants and billers with consumers, as well as Verve, a homegrown, EMV-certified payments card scheme. History The Interswitch company was founded in 2002 by Mitchell Elegbe, it continued as an Africa-focused integrated digital payments and commerce company. In 2010 two thirds of the company was sold to a consortium led by Helios Investment Partners. In 2011 Interswitch took a 60 per cent stake in Bankom in Uganda }), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment And Settlement Systems In India
Payment and Settlement Systems in India are used for financial transactions. They are covered by the Payment and Settlement Systems Act of 2007 (PSS Act), legislated in December 2007 and regulated by the Reserve Bank of India and the ''Board for Regulation and Supervision of Payment and Settlement Systems''. India has multiple payments and settlement systems, both gross and net settlement systems. For gross settlement India has a real-time gross settlement (RTGS) system called by the same name and net settlement systems, such as Electronic Clearing Services (ECS Credit), Electronic Clearing Services (ECS Debit), credit cards, debit cards, the National Electronic Fund Transfer (NEFT) system, Immediate Payment Service and Unified Payments Interface (UPI) The Reserve Bank of India is trying to encourage alternative methods of payments which will bring security and efficiency to the payment systems and make the whole process easier for banks. According to a survey by Celent, the r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Nashik (Western India) and Dewas (Central India). RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit fa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RuPay
RuPay ''(portmanteau of Rupee and Payment)'' is an Indian multinational financial services and payment service system, conceived and launched by the National Payments Corporation of India (NPCI) on 26 March 2012. It was created to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments. RuPay facilitates electronic payment at all Indian banks and financial institutions. NPCI maintains ties with Discover Financial, JCB to enable RuPay card scheme to gain international acceptance. As of November 2020, around 60.3 crores (603.6 million) RuPay cards have been issued by nearly 1,158 banks. All merchant discount rate (MDR) charges were eliminated for RuPay transactions from 1 January 2020. All Indian companies with an annual turnover exceeding are required to offer RuPay payment options to their customers. Background In 2009, RBI had asked the Indian Bank Association to create a non-profit payment company which wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CashTree
CashTree is an interbank network founded in 2003 by five public sector banks, Syndicate Bank, Bank of India, Indian Bank, United Bank of India and Union Bank of India, for sharing their ATM networks. Dena Bank later joined the network. Members *Bank of India *Dena Bank *Indian Bank *Syndicate Bank *United Bank of India United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two f ... * Union Bank of India Competitors * Cashnet * MITR * BANCS References {{interbank networks Interbank networks in India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
