Caribbean Integrated Financial Services Inc. (CarIFS) was a

Barbados Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of and has a population of about 287,000 (2019 estimate) ...

-based interbank network or ABM-network provider. The company used the brand name CarIFS and offered customers of various financial institutions in Barbados 24-hour access to cash from their bank accounts via any affiliated

Automated Banking 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, fun ...

(ABM). The network was shutdown in 2020 and card transactions moved to the international

VISA Visa most commonly refers to: *Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Visa Plus, an interbank network *Travel visa, a document that allows ...

and Mastercard network. the Manager of CarIFS was David Robinson. There was some criticism of the banks to end CarIFS as fees for customers and merchants increased with the move to the international networks.

Statistics

the network linked over 104 automated banking machines and 35 hundred point of sale terminals throughout Barbados and recorded a total of 3.5 million transactions.

Banks with ABMs on CarIFS

* Barbados National Bank (BNB)
Barbados Public Workers Co-Op Credit Union Ltd
(BPWCCUL) * City of Bridgetown Co-op Credit Union Ltd. (COB) *

FirstCaribbean International Bank CIBC FirstCaribbean International Bank (FCIB) is a financial services company based in Barbados and the Caribbean subsidiary of the Canadian Imperial Bank of Commerce (CIBC). The bank was founded in 2002 as FirstCaribbean International Bank t ...

(FCIB) * Royal Bank of Canada (RBC) * Scotiabank

References

External links

Official websitePrism Services Inc.
Banking in Barbados Financial services companies of Barbados Interbank networks {{Barbados-stub