abstract:An interbank network, also known as an ATM consortium or ATM network, is a computer network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks.
Another concern over a U.S.-domiciled global LEI organization may be related to American regulators who gained access to SWIFT message traffic in the anti-terrorism investigations and succeeded, with European Union action, in getting SWIFT to cut Iranian banks from using the interbanknetwork.
The Society for Worldwide Interbank Financial Telecommunication, or Swift, is a worldwide financial messaging network to facilitate the interbank transfer of funds.