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An ATM card is a dedicated payment card card issued by a financial institution (i.e. a bank) which enables a customer to access their financial accounts via its and others' automated teller machines (ATMs) and, in some countries, to make approved point of purchase retail transactions.
BCA developed its information technology capacity, by establishing an online system for its branch office network, and launches new products and services including the Tahapan family of savings accounts products. [citation needed] In 1990, BCA developed the Automated Teller Machine (ATM) network as an alternative delivery channel. In 1991, BCA ...
The use of a debit card usually does not attract interest. Third party ATM owners may charge a fee for the use of their ATM. Most payment cards, such as debit and credit cards, can also function as ATM cards, although ATM-only cards are also available. Most charge and proprietary cards cannot be used as ATM cards.
Maestro is a PIN-based debit card network closely related to the Cirrus ATM network, also owned by Mastercard. Like other PIN-debit networks in the U.S., Maestro there relies solely on a standard card and PIN, without a chip; signature-debit transactions in the U.S. are handled through the main Mastercard network or the rival Visa network.
The mega failure of 5 July 2010 of POSB-DBS ATM Networks (about 97,000 machines) made the government to rethink the shared ATM system again as it affected the NETS system too. In 2010, in line with the mandatory EMV system, Local Singapore Banks started to reissue their Debit Visa/MasterCard branded debit cards with EMV Chip compliant ones to ...
Cirrus is a worldwide interbank network that provides cash to Mastercard cardholders. As a subsidiary of Mastercard, it connects all Mastercard's credit, debit, and prepaid cards, as well as ATM cards issued by various banks worldwide bearing the Mastercard/Maestro logo.
The Global ATM Alliance is a joint venture of several major international banks that allows customers of their banks to use their automated teller machine (ATM) card or debit card at another bank within the alliance with no international ATM access fees. Other fees, such as an international transaction or foreign currency fee, may still apply ...
EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...