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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 belong to another member of the network. However, the functions which may be performed at the network ATM vary.
In 2009, ALTO developed Mobile Air Time Top Up for all telecommunication providers in Indonesia. In November 2013, ALTO made a joint venture with Seven Bank, a Japanese ATM network, named PT. ATM. The goal is to developing ATM business in Indonesia.
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 ...
Several ATM networks are operated in Australia; the largest are: Commonwealth Bank / Bankwest network with 3,400 machines, Westpac / St George Bank / BankSA / Bank of Melbourne with 2,800 machines, ANZ with 2,300 machines, the rediATM network with 1,800 machines, and National Australia Bank with 900 machines, [1] The ATMs of CommBank, Westpac, ANZ, NAB and others are free to use.
PRIMA is an interbank network operating in Indonesia and Singapore, owned by PT Rintis Sejahtera, a satellite communication service provider. [1] Previously, it was known as the ATM BCA network, serving Bank Central Asia.
As the booming ATM industry outgrew regional networks and began to go nationwide in the mid-1980s, credit-card giant Visa sought entry in the lucrative ATM network business and acquired a third of Plus System in 1987. Currently, there are over one million Plus-linked ATMs in 170 countries worldwide.
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ATM Bersama (lit. ' Common ATMs ' ) is an interbank network in Indonesia , connecting the ATM networks of twenty-one banks. It was established 1993 and is based on the model adopted by MegaLink , an interbank network in the Philippines .