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CASHNET ADVANTAGES
 
Advantages to the Member Banks
  >>  Member banks have a lot of advantages by joining Cashnet  << 
  Balanced Network of large card issuers and acquirers (ATM owners). There are over 18 million cards and 5900 ATMs which are a part of the Cashnet family.

 
One Connection - with only one host-to-host connection from the bank’s switch to Cashnet, the complete shared ATM network, Value Added Services and Gateway services (to Visa, MasterCard and NFS) infrastructure becomes fully available. All the daily transaction processing and operational activities will be taken care of by Cashnet.

 
Reliability -Cashnet has a host-to-host connectivity to all member banks through a leased line and a back-up ISDN connection, so the network uptime is over 99%, ensuring a good customer experience. Euronet also has a comprehensive Disaster Recovery and Management infrastructure in place.

 
Comprehensive Transaction Set - Cashnet will support the following transaction set on the shared ATM network - Cash withdrawal, Balance Enquiry, Mini statement, Cheque book request and electronic refill, bill payments for those banks connected to the Mobile Operator.

 
Robust Operating Rules - Cashnet provides a daily settlement report, and a robust set of operating rules for dispute management. The Online Dispute Management System ensures that all debit/ credit adjustments/ chargebacks and representments are handled on a timely manners, with minimum manual intervention.

  Independence - Cashnet is the only independent shared ATM network in India and will be market driven and not dominated by any one banks’ strategy.

 
The Euronet Experience - Euronet brings a wealth of experience to India in terms of proven processes and procedures running Europe’s largest independent ATM network. It is also considered the most complex ATM network, which settles with over 50 financial institutions every day across 8 countries in seven currencies. In short Euronet truly understands from A to Z the business of making ATM networks operate optimally.
     
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