Six Indian banks network ATMs for funds transfers

Six Indian banks network ATMs for funds transfers
Tags: Asia, Australia & Pacific, Bank / Credit Union, EFT Networks, North America, Other, Transaction Processing
May 21, 2007

(Mumbai, India) Business Standard: Bank customers in India no longer have to visit a bank branch or log on to the Internet to transfer money from one account to another. Through a new deal signed by six of the country's banks, users can now transfer funds at ATMs through a shared network. This inter-bank network of 2,600 ATMs will be managed by FSSNet.