TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Debit card, ATM interoperability ready in 2017: Central bank
Change Size
BI Governor Agus Martowardojo talks with deputy governor Ronald Waas at BI's office after a press conference on Sept. 2. (JP/Anton Hermansyah)
B
ank Indonesia (BI) aims to finish ATM switching and debit card transaction interoperability in 2017 to facilitate people in transferring money to all banks via ATM, while card swipe machines will be able to accept debit cards from all banks.
"Card swipe machines are a bit easier because right now some bank's card swipe machines are able to receive other banks card. For ATMs, we have to ensure switching operators are using the same protocol," BI deputy governor Ronald Waas said at BI’s office on Friday.
There are four switching companies in the country, ATM Bersama (87 banks), Prima (60 bank members), ALTO (18 bank members), and Link (four bank members). However, BI will not force a merger.
"They will still exist and with this interoperability, there will be no reason for high switching costs," he said.
The State-owned Enterprises (SOEs) Ministry is interested in creating another switching company because the current “Link” for state banks is operated by Telkom, Ronald said, adding if realized, the new switching company would have to work within the interoperability protocol. (bbn)
