Indian bank blocked from ATM network

Indian bank blocked from ATM network
Tags: Asia, Australia & Pacific, Bank / Credit Union, Bank Automation, Debit / Credit, North America, Transaction Processing
May 13, 2008

The (New Delhi, India) Financial Express: State Bank of India customers in Singapore will not be able to use the largest local ATM network, which is managed by the three Singaporean banks: DBS, United Overseas Bank and OCBC. Instead, the bank will have to depend on atm5, which SBI has been allowed to join. This network was established in Singapore in April 2005 and operates at around 140 locations to serve customers of ABN Amro, BNP Paribas, HSBC, Maybank and StanChart.