Caribbean Integrated Financial Services Inc. (CarIFS) was a

Barbados Barbados, officially the Republic of Barbados, is an island country in the Atlantic Ocean. It is part of the Lesser Antilles of the West Indies and the easternmost island of the Caribbean region. It lies on the boundary of the South American ...

-based

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 ...

or ABM-network provider. The company used the brand name CarIFS and offered customers of various financial institutions in Barbados 24-hour access to cash from their bank accounts via any affiliated Automated Banking Machine (ABM). The network was shut down in 2020 and card transactions moved to the international VISA and Mastercard network. the Manager of CarIFS was David Robinson. There was some criticism of the banks to end CarIFS as fees for customers and merchants increased with the move to the international networks.

Statistics

the network linked over 104 automated banking machines and 35 hundred

point of sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...

terminals throughout Barbados and recorded a total of 3.5 million transactions.

Banks with ABMs on CarIFS

* Barbados National Bank (BNB)
Barbados Public Workers Co-Op Credit Union Ltd
(BPWCCUL) * City of Bridgetown Co-op Credit Union Ltd. (COB) * FirstCaribbean International Bank (FCIB) *

Royal Bank of Canada Royal Bank of Canada (RBC; ) is a Canadian multinational Financial institution, financial services company and the Big Five (banks), largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than ...

(RBC) *

Scotiabank The Bank of Nova Scotia (), operating as Scotiabank (), is a Canadian multinational corporation, multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five (banks), Big Five banks, it is the ...

References

External links

Official websitePrism Services Inc.
Banking in Barbados Financial services companies of Barbados Interbank networks {{Barbados-stub