Banks_ATM_Network_and_Customer_Services Knowpia

BANCS
Operating area	India
Members	13 Banks
Founded	February 25, 2004; 20 years ago

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 edit

Bank of Maharashtra
Bank of Bahrain and Kuwait
Greater Bombay Co-op Bank
Centurion Bank
Central Bank of India
UTI Bank
Punjab & Sind Bank
IDBI Bank Ltd
RBL Bank
SBI Commercial & International Bank
Cosmos Bank
Air Corporation Employees Co-op Bank
Saraswat Bank

Technology edit

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 edit

References edit

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

External links edit

BANCS

[indiaswitch_bancs-1] "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

[1]

[2]

[3]

Summary

Member banks edit

Technology edit

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References edit

External links edit