Monday, October 25, 2010

Smartlink and VNBC complete ATM connectivity for almost all banks

Almost member banks of Smartlink Card Services Joint Stock Company (Smartlink) and Vietnam Bank Card Company (VNBC) can completely perform all transactions successfully on ATMs that have been linked in the two networks, the state-run newspaper Dien Dan Doanh Nghiep said on October 13.

Smartlink and VNBC officially announced that another 6 member banks of Smartlink including Bao Viet Commercial Joint Stock Bank (BaoVietBank), Saigon-Hanoi Commercial Joint Stock Bank (SHB), VietA Commercial Joint Stock Bank ( VietABank), HCM City Housing Development Commercial Joint Stock Bank (HD Bank), Phuong Nam Commercial Joint Stock Bank (Southern Bank), VID Public Limited Bank (VID) have been successfully connected with two member banks of VNBC including East Asia Commercial JS Bank (EAB) and Great Trust Commercial Joint Stock Bank (DaiABank).

After the four successful connections with over 20 participating banks, Smartlink and VNBC has completed the network connection for almost member banks, providing utilities for millions of cardholders, bringing the total number of connected ATMs to nearly 5000 machines.

By this time, almost all of the cardholder customers for more than 20 banks (of which 22 are Smartlink's member banks and 02 bank members of VNBC) are able to make cash transactions, balance inquiries, account statements and internal bank transfer at more than 5,000 ATMs of 20 banks under the two systems with the security and accuracy.

Bringing more utilities and services with the motto towards domestic consumers are the biggest desire of the two units of the switch card and member banks. The remaining problem of Smartlink and VNBC is to pay attention to the handling of domestic card transactions carried BIN code provided by the State Bank of Vietnam, but the participation of the international card organisations still has not yet to be agreed for routing amongst the parties.

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