Business Daily from THE HINDU group of publications Tuesday, Mar 20, 2007 ePaper |
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Money & Banking
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Information Technology Catholic Syrian in NFS network Our Bureau
The NFS comprises a national switch to facilitate inter-connectivity between the banks' switches, inter-bank payment gateway for authentication and routing of payment details of various e-commerce transactions and e-government activities, according to a company release. The NFS Network now connects 8,345 ATMs, which is the largest number of ATMs under a single network in the country. This initiative will facilitate CSB customers to utilise all the ATMs belonging to 24 major banks coming under NFS at moderate charges. VISA-enabled global support cardholders can withdraw cash from more than one million ATMs and shop at 24 million merchant establishments worldwide. CSB Global Support Card holders can make card-to-card money transfer utilising CSB ATMs.
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