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The IBM 3624 was released in 1978 as a second-generation automatic teller machine (ATM), a successor to the IBM 3614. [1] Designed at the IBM Los Gatos lab, the IBM 3624, along with the later IBM 4732 model, was manufactured at IBM facilities in Charlotte, North Carolina and Havant, England until all operations were sold to Diebold, tied to the formation of the InterBold partnership between ...
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.
Money Access Center (MAC, also Money Access Card) was an ATM network in the Mid-Atlantic and Midwestern United States, between 1979 and 2005, when it was absorbed into the STAR network. The network was one of the first in the nation, and helped universalize ATM banking.
Diebold Nixdorf is an American multinational financial and retail technology company [4] that specializes in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets. [5]
The National Financial Switch was launched by the IDRBT on 27 August 2004, connecting the ATMs of three banks, Corporation Bank, Bank of Baroda and ICICI Bank. [3] [4] [5] The IDRBT then worked towards bringing all major banks in India on board and by December 2009, the network had grown to connect 49,880 ATMs of 37 banks, thereby emerging as the largest network of shared ATMs in the country.
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As a subsidiary of Visa Inc., it connects all Visa credit, debit and prepaid cards, as well as ATM cards issued by various banks worldwide bearing the Visa / Electron logo. Plus System, Inc. started out as a consortium formed by 34 major U.S. banks to build a national network of automated teller machines (ATM).
Mada enables electronic payments through various channels, including point-of-sale (POS) terminals, Soft POS, automated teller machines (ATMs), and an e-commerce website across Saudi Arabia. Mada cards are only debit and prepaid cards and are always co-branded with Visa or Mastercard to facilitate international acceptance and payments.