Interbank network

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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. For example, special services, such as the purchase of mobile phone airtime, may be available to own-bank but not to network ATM cardholders. Furthermore, the network ATM owner may charge a fee for use of network cards (in addition to any fees imposed by the own-bank).

Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus, are widely available.

Interbank networks also permit, through different means, the use of ATM cards at a point of sale through the use of a special EFTPOS terminal where ATM cards are treated as debit cards.

Around the world[edit]

Major economies[edit]

Major economy Interbank network name Real-time gross settlement payment system
Australia Electronic Funds Transfer at Point Of Sale (EFTPOS) Reserve Bank Information & Transfer System (RITS)
Canada Interac Large Value Transfer System (LVTS)
China China Union Pay China National Advanced Payment System (CNAPS)
France Groupement des Cartes Bancaires CB EBA Clearing (Euro1), Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET2)
Germany Girocard EBA Clearing (Euro1), Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET2)
Japan Yucho Bank of Japan Financial Network System (BOJ-NET)
United Kingdom LINK Clearing House Automated Payment System (CHAPS)
United States New York Currency Exchange (NYCE), Pulse, STAR Clearing House Interbank Payments System (CHIPS), Fedwire

The payment card industry (PCI) denotes the debit, credit, prepaid, e-purse, ATM, and POS cards and associated businesses. Major brands used by the above interbank networks list by asset value.

Card brand Total assets
(US$ billion)
American Express 153
Discover Financial Services 69
Visa International 40
MasterCard Worldwide 14
Japan Credit Bureau 11


In Brazil, the major interbank network is the Banco 24 Horas network.


In the Caribbean, the major interbank network is the ATH network. Most banks issue dual ATH and MasterCard/Visa cards, using the ATH network for ATM transactions and MasterCard/Visa for EFTPOS transactions. Some banks (such as BanReservas) issue ATH-only cards which use the ATH network for both ATM and EFTPOS transactions.


Main article: Girocard

In Germany Girocard interbank network provides debit card service connecting virtually all German ATMs and banks.


In Indonesia, there are a number of ATM networks. Transfers between accounts is also possible by using these networks, even to an account in a different network; all one needs is the Bank code of the destination bank and the account number.


In Japan, many Electronic funds transfer interbank networks exist.

Inter-network banking funds transfer is case-by-case. Yucho is the only network that accepts worldwide interbank network such as Cirrus and PLUS and so.[1]


Main article: Multibanco

Multibanco is the single unified interbank network in Portugal, that links the ATMs of all Portuguese banks. This network has existed since 1985 and is owned by SIBS (Sociedade Interbancária de Serviços). Multibanco is a fully integrated interbank network and offers many more services than those usually found in other countries' networks.

Multibanco also has a full-fledged EFTPOS network, the Multibanco Automatic Payment, and is also a provider of mobile phone and Internet banking services through the TeleMultibanco and MBNet services, respectively. It is also the provider of the Via Verde electronic toll collection service.

United States[edit]

Due to the historic fragmented nature of banking in the United States there were a large number of small banks, which resulted in a number of different interbank networks being established mostly along geographic lines. These started to consolidate from the mid 1980s resulting in three major interbank networks by 2003 that had over 70% of the volume in the United States:[2]

See also[edit]


  1. ^ Japan Post Bank. "Internal ATM Service". Retrieved 3 December 2011. 
  2. ^ "A Guide to the ATM and Debit Card Industry" (PDF). Federal Reserve Bank of Kansas City. 2003. ISBN 0-9744809-0-8.