Bangladesh ATM Network Adds Another Bank

Published October 14, 2009, 1:00 a.m. EDT

|

Updated October 14, 2009, 12:00 a.m. EDT

1 Min Read

United Commercial Bank Ltd. has joined the Omnibus ATM network, an official for the Bangladesh-based bank tells CardLine Global. The network connects proprietary ATM networks in the country, the spokesperson says. "Our customers will now be able to use the [Omnibus] network of 273 ATMs," the spokesperson says. Bangladesh-based BRAC Bank led the formation of the network in 2007. The network now includes four financial institutions. The network also includes 1,200 point-of-sale terminals. Omnibus estimates it has a cardholder base of 1 million.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Marketing

How Google and Apple's youth plays are pressuring banks

As the big tech firms step up their financial services outreach to the next generation, payment professionals say banks shouldn't be complacent about cultivating younger customers because they'll lose them.

By Cheryl Winokur Munk

34m ago
Practice and client management

Why Edward Jones is finally chasing next-gen investors with a hybrid robo

With its Digital Managed Solutions robo advisory service, Edward Jones is moving into territory already occupied by Fidelity and Vanguard. But it's building the offering on one of its greatest strengths: its network of branch advisors.

By Dan Shaw
Reporter

August 25
Community banking

Florida's wealth boom spurs Orlando bank to start trust unit

Cogent Bank has tapped an industry veteran to lead a new unit focused on ensuring high-net-worth clients can smoothly transfer assets to their heirs.

By John Reosti
Reporter

August 25
Artificial Intelligence

Why Municipal Credit Union is developing its own chatbot

The New York City-based credit union is planning to roll out the technology as more consumers turn to large language models to help manage their finances and hopes it will eventually provide more insight into its members.

By Joey Pizzolato
Reporter

August 25
Retirement planning

Maximize tax-free Social Security income with this IRA withdrawal strategy

As clients consider when to claim Social Security, an advisor proposed a strategy to maximize tax-free retirement income using certain benefits and senior deductions.

By Zoe Sagalow
Reporter

August 25
Small business

Global Payments hits the road amid small business battle

The company's Genius World, a miniature town that showcases different merchant types, is part of a plan to get the technology in front of more retailers.

By John Adams
Executive Editor, Payments

August 25

Load More