Enhancing Global Reach for Banks Through Payment Network Solutions

Sandeep Rachapudi

Abstract: Banking has evolved through the advancement of digital technologies. Most of the payments processed by a bank are through its digitally enabled channels, such as ATMs, credit cards, and debit cards. However, all these transactions are centrally processed through payment networks. Payment networks form the backbone of banking. This paper aims to discuss the advantages of payment networks for the banking sector and how banks can implement payment network integration and benefit from it.

Keywords: Shared Payment Networks, Automated Teller Machine, ATM, Credit Card, Debit Card, Master Card, Visa, Amex, Discover