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Cirrus (interbank network)
Encyclopedia
Cirrus is a worldwide interbank network
operated by MasterCard Worldwide
, and was founded in 1986. It links MasterCard
, Maestro
, Diners Club
credit, debit and prepaid cards to a network of over 1,000,000 ATMs in 93 countries.
Maestro cards are, by default, linked to the Cirrus network, but very often, all three logotypes of the MasterCard family will be shown: MasterCard, Maestro and Cirrus. Canadian, American and Saudi Arabia
n ATMs use this network alongside their local networks, and many banks have adopted Cirrus as their international interbank network alongside either a local network, the rival Visa PLUS ATM network, or both. In locations such as India
and Bangladesh
, the Cirrus network also serves as a local interbank network as well as an international network.
Interbank network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks....
operated by MasterCard Worldwide
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
, and was founded in 1986. It links MasterCard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
, Maestro
Maestro (debit card)
Maestro is a multi-national debit card service owned by MasterCard, and was founded in 1990. Maestro cards are obtained from associate banks and can be linked to the card holder's current account, or they can be prepaid cards...
, Diners Club
Diners Club
Diners Club International, founded as Diners Club, is a charge card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Matty Simmons...
credit, debit and prepaid cards to a network of over 1,000,000 ATMs in 93 countries.
Maestro cards are, by default, linked to the Cirrus network, but very often, all three logotypes of the MasterCard family will be shown: MasterCard, Maestro and Cirrus. Canadian, American and Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
n ATMs use this network alongside their local networks, and many banks have adopted Cirrus as their international interbank network alongside either a local network, the rival Visa PLUS ATM network, or both. In locations such as India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
and Bangladesh
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
, the Cirrus network also serves as a local interbank network as well as an international network.
See also
- ATM usage feesATM usage feesATM usage fees are the fees that many banks and interbank networks charge for the use of their Automated Teller Machines . In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users...
- PLUS
- PulsePulse (interbank network)PULSE is an interbank electronic funds transfer network in the United States. It serves more than 4,400 U.S. financial institutions and includes more than 380,000 ATMs, as well as POS terminals nationwide...