BANKING AFFAIRS

Detailed explanation-1: -BASE24-atm is an EFT processing and switching system that provides ATM support and management including transaction routing and authorization, electronic data interchange, settlement, reporting, network control, and stored-value card functionality.

Detailed explanation-2: -ATM Switch means a telecommunications and data processing facility used to receive and route transactions from ATMs or ATM processors to data processing facilities used by depository institutions to authorize ATM transactions.

Detailed explanation-3: -What Is BASE24-eps? BASE24-eps is a comprehensive solution for acquiring, authenticating, routing, switching, and authorizing card-and non-card-based financial transactions through various channels.

Detailed explanation-4: -ATM switch uses two types of switches viz. VP switch and VP-VC sitch. Typically, switches connected to users are VPI/VCI switches while all intermediate switches are only VPI switches All VPIs and VCIs field have local significance across particular link.