On Monday 07 November 2005 13:11, joseph mpora wrote:
> There is some kind of venture here where all banks' ATM
> can get cleared by any ATM machine, I think it's called
> Bankom or something similar.

While there could be some relation, it shouldn't have to 
wait for the Bankom service to come online.

If a merchant with card processor is with Bank A and buyer 
brings card from Bank B, the process of swiping buyer's 
card and transfering funds from Bank B into Bank A is 
merely a transfer order.

The cost of the transfer will depend on either bank's 
policy.

If merchant and buyer are both from the same bank, it's a 
no-brainer.

Mark.

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