Banks ATM Network and Customer Services (BANCS) is an
interbank network
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 belo ...
in India. It was launched on 25 February 2004, with 13 member banks. It is managed by an advisory board consisting of member banks.
It is successor to the now-defunct Swadhan ATM network. After the cyber attack by Wannacry several ATM were shut down in Kerala in May 2017
Wannacry ATM
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Member banks
# Bank of Maharashtra
# Bank of Bahrain and Kuwait
Greater Bombay Co-op Bank
# Centurion Bank
# Central Bank of India
The Central Bank of India (CBI) is an Public sector banks in India, Indian public sector bank based in Mumbai. Despite its name, CBI is not the central bank of India, a role served by the Reserve Bank of India.
History
The Central Bank of ...
# UTI Bank
# Punjab & Sind Bank
# IDBI Bank Ltd
# RBL Bank
RBL Bank, formerly known as Ratnakar Bank Limited, is an Indian private sector bank founded in 1943 and headquartered in Mumbai. It offers services across five verticals: corporate banking, commercial banking, branch banking and retail liabili ...
#
# Cosmos Bank
Air Corporation Employees Co-op Bank
# Saraswat Bank
Technology
BANCS is supported by the India Switch Company (ISC), acquired by eFunds in 2005, which in turn, was acquired by Fidelity National Information Services
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS ...
. ISC supports BANCS through a mix of VSATs, ISDN, leased lines, CDMA and GPRS. The financial switches used in the system are provided by Oasis Technology Ltd., Mumbai. The software used is from IBM
International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...
, Solaris
Solaris is the Latin word for sun.
It may refer to:
Arts and entertainment Literature, television and film
* ''Solaris'' (novel), a 1961 science fiction novel by Stanisław Lem
** ''Solaris'' (1968 film), directed by Boris Nirenburg
** ''Sol ...
and Oracle
An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic means, it is a form of divination.
Descript ...
.
Competitors
* Cashnet
* MITR
* CashTree
References
External links
BANCS
{{interbank networks
Interbank networks in India