One network to connect all banks

[geovalin]

Hor Kimsay

 

The central bank will launch a new system next year to connect the account records of all local financial institutions’ ATM and point-of-sale (POS) machines, allowing interoperability and making it easier for bank customers to access their funds.

 

Chea Serey, director-general of the National Bank of Cambodia (NBC), said the new system will connect all the ATMs and POS machines of local bank and deposit-taking microfinance institutions (MDIs) to a central shared switch maintained by the NBC.

 

“All machines connected can interoperate,” she said yesterday, explaining that a customer holding a debit card issued by one bank will be able to use the card on any ATM or POS in the country.

 

read more http://www.phnompenhpost.com/business/one-network-connect-all

 

 

-- © Copyright Phenom Pen Post 29/12

[Redline]

So, a hacker only has one place to go for everyone?