LINK is a British

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 ...

. It is the largest interbank network in

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and No ...

Network

The network counts 38 member institutions, of which many are various

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Beca ...

s and

building societies A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdo ...

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 transactions. UK issued debit cards generally come with a LINK EMV application in addition to a point-of-sale EMV application that can be

Visa Debit Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Deb ...

, Debit MasterCard,

Maestro Maestro (; from the Italian '' maestro'' , meaning "master" or "teacher") is an honorific title of respect (plural: maestros or maestri). The term is most commonly used in the context of Western classical music and opera, in line with the ubiq ...

Visa Electron Visa Electron is a debit card product that uses the Visa payment system. It is offered by issuing banks in every country with the exception of Canada, Australia, Argentina, Ireland and the United States. The difference between Visa Electron and ...

UnionPay UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card sche ...

ICBC (London) plc
China UnionPay Debit Card
. Retrieved 11 April 2015 applications. As of 2016, there were about 54,000 free to use cash machines, of which 23,600 were provided by independent suppliers, and 16,000 cash machines that charge for withdrawals. Throughout 2016 and 2017 discussions were ongoing over a new charging system, as larger LINK members considered the interchange fee too high.

References

External links

VocaLink Home pageLINK UK homepage
{{Interbank networks Interbank networks Financial services companies of the United Kingdom 1985 establishments in the United Kingdom

Network

See also

References

External links