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  1. LINK is the UK’s main ATM network, which allows consumers to withdraw cash from ATMs which do not belong to their bank. It is the largest interbank network in United Kingdom. It is a not-for profit organisation and is regulated by the Bank of England , Financial Conduct Authority and Payment Systems Regulator .

  2. An automated teller machine ( ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.

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  4. Currently, there are over one million Plus-linked ATMs in 170 countries worldwide. [citation needed] By default, Visa / Electron cards are linked to the Plus network, but very often all three logotypes will be shown.

  5. en.wikipedia.org › wiki › VocaLinkVocalink - Wikipedia

    • Background
    • Faster Payments Service
    • UK Payments Infrastructure
    • Mobile Payments
    • International Payments Infrastructure
    • Mastercard Acquisition
    • See Also

    In 1968, the Joint Stock Banks Clearing Committee chaired by Dennis Gladwell, set-up the Inter-Bank Computer Bureau to modernise the existing paper-based standing order system. Secure electronic funds transfer between banks was introduced from later that year, significantly reducing both the processing time and human error associated with paper-bas...

    In 2005 a joint proposal from Voca and LINK was selected to deliver the payment-processing infrastructure for the Faster Payments Service, a near real-time interbank transfer for internet and telephone banking. After Voca's bulk processing was brought together with LINK's real-time payment switching, the companies agreed to merge on 2 July 2007 to ...

    Bacs

    Bacs provides two payment products to consumers: 1. Bacs Direct Credits, payer-initiated interbank transfers. VocaLink processes 2 billion of these payments every year, including over 90% of all UK salaries and 98% of state benefits. 2. Direct Debits, transfers initiated by authorised payees. Three-quarters of UK adults have at least one direct debit commitment; the average person has at least six. VocaLink provides the underlying BacsTEL-IP infrastructure for Bacs, which processes over 5.6 b...

    LINK

    VocaLink provides the switching infrastructure behind LINK, the busiest ATM switching system in the world which switches over 3.5 billion card-initiated transactions from 130 million enabled cards annually.

    Faster Payments Service

    VocaLink designed, built, and operates the infrastructure for the Faster Payments Service on behalf of the Faster Payments Scheme. Running in parallel with Bacs and CHAPS, launched in 2008 it enables interbank transfers in real-time. Since 2008, over three billion Faster Payments transactions have been securely processed by VocaLink.

    Zapp

    VocaLink has developed Zapp, a function that will reside within mobile banking apps to allow users to make real-time payments to retailers when shopping online or in-store. The service will be open to all financial institutions, merchants, acquirers, and consumers when it launches in 2015.[needs update] A Zapp payment works through secure digital 'tokens', which means that customers don't reveal any of their financial details to retailers. This also means that merchants do not need to store c...

    On 12 July 2010 through EAPS, LINK opened all UK cash machines to the similar German Girocard scheme operated by Zentraler Kreditausschuss. Similarly the VocaLink agreement with the Pulse network allows Discover card and Diners Club International cardholders to use LINK ATMs. VocaLink also provides a gateway service to Visa, MasterCard and China Un...

    In July 2016, Mastercard announced that the company would be acquiring Vocalink.The acquisition was completed in May 2017 for a reported $920 million.

  6. 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

  7. This is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in United States Dollars of wealthy individuals worldwide.

  8. en.wikipedia.org › wiki › CashlineCashline - Wikipedia

    Coverage. External links. Cashline is the name and brand of the Automated Teller Machine (ATM) network in the United Kingdom run by the Royal Bank of Scotland. History. Its beginnings date back to 1967 when the Royal Bank installed its first ATM in its offices in the West End of Edinburgh.