Bancomat is an

interbank network 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 belo ...

for cash withdrawals widely used in Italy. It was first introduced in 1983 for use with

automated teller machine An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fund ...

s. The network is owned by the

Rome , established_title = Founded , established_date = 753 BC , founder = King Romulus ( legendary) , image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg , map_caption ...

-based Bancomat, S.p.A. and its cards are issued by Italian banks. The service is only used in Italy and the word “bancomat” is used in Italy as a synonym for automated teller machine. In 1986, an associated

debit card A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a credit card, but ...

network called PagoBancomat was introduced, which is based on the Bancomat service and is intended for PIN-based

POS POS, Pos or PoS may refer to: Linguistics * Part of speech, the role that a word or phrase plays in a sentence * Poverty of the stimulus, a linguistic term used in language acquisition and development * Sayula Popoluca (ISO 639-3), an indigenous ...

transactions. Since the Bancomat network is not used outside Italy, almost every Bancomat/PagoBancomat debit card is co-branded with a multinational service, such as Mastercard,

Maestro Maestro (; from the Italian '' maestro'' , meaning "master" or "teacher") is an honorific title of respect (plural: maestros or maestri). The term is most commonly used in the context of Western classical music and opera, in line with the ubiqu ...

, Visa, Visa Electron or V Pay, for use abroad. A new service called Bancomat Pay was introduced in January 2019. It is intended for electronic payment for online transactions.Nasce Bancomat Pay: ecco che cos'è e come utilizzarlo
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References

External links

Bancomat
{{Mobile payments Interbank networks Debit cards Mobile payments 1983 establishments in Italy

See also

References

External links