Financial Daily from THE HINDU group of publications
Tuesday, Nov 11, 2003
Financial Daily from THE HINDU group of publications Tuesday, Nov 11, 2003 |
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Money & Banking
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Alliances & Joint Ventures Corpn Bank, ING Vysya to share ATM network Our Bureau
Mangalore , Nov. 10 CORPORATION Bank and ING Vysya Bank Ltd have signed an agreement facilitating mutual sharing of their automated teller machine (ATM) network. In terms of the MoU signed, 550 CorpBank ATM outlets will honour "Sambandh" cards of ING Vysya Bank Ltd. A bank release said here on Monday that this agreement would benefit over 1.60 lakh Sambandh cardholders. The release stated that Corporation Bank is issuing international debit card, "Corp Convenience", which rides on the global Visa Electron platform. These debit cards can be used to withdraw cash from 6,500 Visa-enabled ATMs within the country and over 8.5 lakh ATMs worldwide. These cards can also be used for making payment at over 70,000 point of sale terminals in the country and over a crore worldwide. For ING Vysya Bank, "Self Bank" is a technology-based ATM channel for parallel delivery driven through Sambandh cards.
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