SPAN

From Wikipedia, the free encyclopedia

The Saudi Payment Network (SPAN) is the only automated payments network in the kingdom it connects all ATM and POS terminals throughout the country to a central payment switch that in turn re-routes the financial transactions to the card issuer it may be a local bank, VISA, AMEX or MasterCard. All Banks of Saudi Arabia are required by SAMA to issue ATM cards fully compatible with the network. A noteworthy fact is that all services are provided to end customers free of charge, regardless of the ATM used, its operator, or the customer's card issuer.

There are now more than 5,500 ATMs and 50,000 POS connected to the network, in 2005 the total number of transaction that went through SPAN was more than 270,000,000 transactions with a total amount of 142,000,000,000 SR (38 Billion USD).

The network has recently been upgraded to SPAN2, implementing higher capable infrastructure and therefore less processing time, espically at POS's, a major problem in the first generation..

[edit] See also

ATM usage fees


Interbank networks by region
Multiregional:

Cirrus | Maestro | PLUS

Africa:

CashNet | Interswitch | SASWITCH

Asia Pacific:

1Link | ALTO | Artajasa | atm5 | ATM BCA | ATM Bersama | ATM BII (Superkasa) | BancNet | Bankline | Cashnet | CashTree | ENS | ETC | Expressnet | Himbara | JETCO | Link | MEPS | MegaLink | MITR | MNET | Nationlink | Sanwa | UnionPay | Yucho | FISC

Caribbean:

ATH | Midas | Unired

Europe:

4B | Altın Nokta | BankAxept | Bankomat | BKM | Cash Group | CB | DIAS | Eufiserv | Euronet | LINK | Multibanco | Ortak Nokta | Otto. | ServiRed | StarNet

Middle East:

123 | BANCS | Bankernet | CSC | JoNet | NAPS | OmanSwitch | Shetab | SPAN | UAE Switch

North America:

Abby | ACCEL/Exchange | Access 24 | Advantage | Alaska Option | Alert | Allpoint | Annie | ARN | Award | BankMate | BOH | Cash Station | Checkokard | CO-OP | Credit Union 24 | Credomatic | Discover Network | Easy Answer | Express | Express Teller | Fastbank | Gulfnet | HandiBank | Handy 24 | Honor | Instant Cash | Instant Teller | Interlink | Interac | Jeanie | KETS | LYNX | MAC | Magic Line | Member Access Pacific | Minibank | Money Belt | Money Network | MoneyMaker | Money Station | MOST | MPact | Networks | NYCE | Peak | Presto! | Pulse | Quest | RED | Red Total | SC 24 | Service Card System | SHAZAM | STAR | SUM | The Exchange | Transact | Transfund | TX Network | Tyme | Universal Money Center | Via | X-PRESS 24 | Yankee 24

South America:

GlobalNet | Link | Redbanc | Telebanco | Unicard | Conexus | Suiche 7B | Banelco

edit this box