Banknet

A global network operated by MasterCard that facilitates the routing of credit card transactions for authorization from almost any point in the world. One of the world's largest global telecommunications networks, Banknet links all MasterCard members and data processing centers into a single financial network. The network enables MasterCard's side of an authorization transaction to be performed in seconds.

MasterCard launched Banknet is 1984. The network's hub is located in MasterCard's Global Technology and Operations headquarters in St. Louis, Missouri.


Investment dictionary. . 2012.

Look at other dictionaries:

  • MasterCard — Incorporated Type Public Traded as NYSE: MA S P 500 C …   Wikipedia

  • MasterCard — Inc. Tipo Empresa Pública (NYSE: MA) Fundación 1966 Sede Nueva York …   Wikipedia Español

  • Interbank Network for Electronic Transfer - INET — Worldwide network that facilitates the transfer of debit and credit card transactions between financial institutions. INET covers any transaction made by a card bearing the Mastercard logo, debit or credit. INET deals with the actual transfer of… …   Investment dictionary

  • Peak uranium — is the point in time that the maximum global uranium production rate is reached. After that peak, the rate of production enters a terminal decline. While Uranium is used in nuclear weapons, its primary use is for energy generation via nuclear… …   Wikipedia

  • Interbank National Authorization System (INAS) — A network of banks that are affiliated with Mastercard International. The network facilitates the worldwide exchange of bankcard authorizations between different financial institutions. The network is used for both credit and debit cards bearing… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.