ALTO 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 ...

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

. It was founded in August 1993.

History

In 1997, Asian Economic Crisis invaded Indonesian banking industry. Many banks closed, merged or recapitalized. In 2007, ALTO expanded the business to Money Transfer Operation. In 2009, ALTO developed Mobile Air Time Top Up for all telecommunication provider in Indonesia. The newest business start up from ALTO is Boston School of Banking and Finance, which focused in education for the future banking employers. The other start up is a payment service named ALTO Cash. In November 2013, ALTO made a joint venture with Seven Bank, who is a Japanese ATM network, named PT. ATM. The goal is to developing ATM business in Indonesia.

Timeline

* 1994 – Shared ATM Network * 2004 – ATM Acquiring * 2007 – Money Transfer Operation * 2009 – Biller, Top Up Mobile * 2011 – Front End Processing Switching Outsourcing * 2011 – NSICCS Function Lab 2012 * 2011 – Core Banking Outsourcing * 2011 – Alto Cash and ARMS (Mobile Wallet) * 2011 – Boston School of Banking and Finance * 2012 – SMS Banking * 2013 – Tanamas System * 2013 – EDC * 2013 - Set Up PT CBI with PT RINTIS and PT ARTAJASA * 2013 – Remittance Outward * 2014 – Alto Pay * 2015 - PCI-DSS Compliant (Coming Soon)

Products

# Outsourcing Core Banking Application # Outsourcing Switching Application # ATM Outsourcing # ALTO Cash # Biller Gateway # Remittance (Cash to Account or Account to Cash)§→§

Definition of Member, Partner, and Merchant in ALTO Network

* The members in ALTO Network are every financial institution or bank which registered as member in ALTO Network. The membership is open for all Bank Indonesia clearing participant. * The partners in ALTO Network are every companies which provide biller service and delivery channel service owner. * The merchants in ALTO Network are every business entity or individual which participated in Debt Card Service Facility utilization and incorporated in ALTO Network.

Members

# Bank Permata, #

Bank Internasional Indonesia PT Bank Maybank Indonesia Tbk, formerly known as Bank Internasional Indonesia (BII) is one of private banks in Indonesia which also is a part of Maybank, one of the largest financial services groups in ASEAN. Previously, Maybank Indonesia was kn ...

, #

Bank Danamon PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank of Indonesia by asset size. History Bank Danamon was established on July 16, 1956, as PT Bank Kopra Indonesia. In 1976, the bank's name was c ...

, #

Bank Panin 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. Becau ...

, # Bank Artha Graha, # Bank Prima Master # Bank BNP # Bank Harda International, #

Citibank Indonesia Citibank Indonesia is a universal bank that offers a wide range of retail and commercial banking services. Citi has been present in Indonesia since 1968 and is one of the largest foreign banks in the country by asset size. Citibank Indonesia opera ...

# Sinarmas Bank # Bank Kesejahteraan Ekonomi # BPR KS #

Bank Negara Indonesia Bank Negara Indonesia ( 'State Bank of Indonesia'), is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, London and New York. It had 1000 branches and over 9 milli ...

# Bank Tabungan Negara # Bank CNB #

DBS Bank DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The De ...

# BPR Eka Bumi Artha # Bank SBI Indonesia # BPR Lasem

Non Bank Member

# KSP Intidana # PT. Finnet Indonesia (subsidiary of Telkom Indonesia) # PT. Indosat Tbk. (known as Indosat-Ooredoo)

References

Yellow Pages Indonesia
# (Indonesian
CBI Siapkan Sertifikasi Kartu ATM Debet Berbasis Chip
{{DEFAULTSORT:Alto Financial services companies of Indonesia Interbank networks