EUFISERV (European Savings Banks Financial Services) is a

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

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 ...

connecting the ATMs of

savings bank A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks ha ...

s in

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, the

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, and

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. It is the largest and the only international credit union-owned interbank network in Europe.

History

*1988: The ATM Co-operation project of the European Savings Banks Group was set up. *1990: The company EUFISERV S.C. was founded to develop the ATM Co-operation project into a full-service interbank network. *1992: Visa International and Eufiserv signed an agreement to provide mutual cash dispensing services. *1996: MasterCard and Eufiserv signed an agreement to provide mutual cash dispensing services. *1999:

American Express American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment card industry, payment cards. It is headquartered at 200 Vesey Street, also known as American Expr ...

and Eufiserv signed an agreement to provide access to American Express cards at EUFISERV ATMs. *2005:

China 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 sch ...

and Eufiserv signed an agreement to provide access to CUP cards at EUFISERV ATMs. *2007: Eufiserv is one of the six founders of the

Euro Alliance of Payment Schemes The Euro Alliance of Payment Schemes (EAPS) was an international alliance of European bank and interbank networks that had aimed to creating a pan-European debit card system in the Single Euro Payments Area to rival Visa and Mastercard using exis ...

s.c.r.l. *2012: Ceases to be active in

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

Gateway Services

Eufiserv provides Gateway Services to the Visa PLUS network, to MasterCard's Cirrus network, and to the networks of American Express and China UnionPay. All ATMs in the Eufiserv network are connected to the gateways to Visa PLUS, Cirrus and American Express, and therefore accept all Visa,

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

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

, PLUS, MasterCard,

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

, Cirrus, and American Express cards but, until now, only selected ATMs are connected to the CUP gateway. The operations of the gateways to the Visa PLUS and Cirrus networks are outsourced by EUFISERV to Confederacion Espanola de Cajas de Ahorros in Spain.

Network Members

* ESBG: European Savings Banks Group * Austria: Hauptverband der Österreichischen Sparkassen * Belgium:

BNP Paribas Fortis BNP Paribas Fortis is an international bank based in Belgium and a subsidiary of French banking group BNP Paribas. The bank was created in May 2009 after BNP Paribas acquired 75% of the Belgian Fortis Bank from the Federal Participation and Inve ...

* Czech Republic:

Česká spořitelna Česká spořitelna (literally "Czech Savings Bank") is a Czech bank, headquartered in Prague. Despite being organized as a joint-stock bank, it is the heir to a long history of savings banks in the Czech Republic, going back to the establishment o ...

* Finland: Säästöpankkiliitto (Finnish Savings Banks Association) * France: Caisse nationale des Caisses d'épargne (CNCE) * Germany: Deutscher Sparkassen- und Giroverband (DSGV) and Finanz Informatik * Norway: Sparbankforeningen I Norge * Portugal:

Caixa Geral de Depósitos Caixa Geral de Depósitos (CGD) () is a Portugal, Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876. CGD now has presence in 23 countries spanning four continents through branches, repres ...

* Spain: Confederación Española de Cajas de Ahorros (CECA) * Sweden Sparbanken

Swedbank Swedbank AB is a Swedish multinational banking group headquartered in Stockholm, Sweden. It operates primarily in the Nordic and Baltic regions, offering services such as retail banking, asset management and other financial services. Swedbank ...

* Switzerland: La Poste - PostFinance

Former members

* Italy (ICBPI - Istituto Centrale delle Banche Popolari Italiana) left the Network in 2009 one year later the acquisition of CartaSì, the largest Italian Cards Operator. * Luxembourg: Banque et caisse d'épargne de l'État left the network per 1 January 2012, when the whole Luxembourg retail banking sector switched to Visa's

V Pay V Pay is a Single Euro Payments Area (SEPA) debit card for use in Europe, issued by Visa Inc., Visa Europe. It uses the EMV Smart card, chip and Personal identification number, PIN system and can be co-branded with various national debit card sc ...

system, replacing the former national Bancomat system.
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References

External links

* {{Interbank networks Consortia in Europe Credit unions Financial services companies of Belgium 1988 establishments in Europe Financial services companies established in 1988 Interbank networks Technology consortia