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Banks ATM Network and Customer Services

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BANCS
Operating areaIndia
Members13 Banks
FoundedFebruary 25, 2004; 20 years ago (2004-02-25)

Banks ATM Network and Customer Services (BANCS) is an interbank network in India. It was launched on 25 February 2004, with 13 member banks. It is managed by an advisory board consisting of member banks.[1] It is successor to the now-defunct Swadhan ATM network.[2] After the cyber attack by Wannacry several ATM were shut down in Kerala in May 2017 [3]

Member banks

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  1. Bank of Maharashtra
  2. Bank of Bahrain and Kuwait
  3. Greater Bombay Co-op Bank
  4. Centurion Bank
  5. Central Bank of India
  6. UTI Bank
  7. Punjab & Sind Bank
  8. IDBI Bank Ltd
  9. RBL Bank
  10. SBI Commercial & International Bank
  11. Cosmos Bank
  12. Air Corporation Employees Co-op Bank
  13. Saraswat Bank

Technology

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BANCS is supported by the India Switch Company (ISC), acquired by eFunds in 2005, which in turn, was acquired by Fidelity National Information Services. ISC supports BANCS through a mix of VSATs, ISDN, leased lines, CDMA and GPRS. The financial switches used in the system are provided by Oasis Technology Ltd., Mumbai. The software used is from IBM, Solaris and Oracle.[1]

Competitors

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References

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  1. ^ a b "Banks ATM Network and Customer Services". India Switch. Archived from the original on 4 February 2005.
  2. ^ Banks ATM Network and Customer Services (BANCS). Lakshmi Vilas Bank.
  3. ^ Wannacry ATM
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