.svg)
Cirrus (interbank network)
  Thank you for being part of the Bharatpedia family! 0% transparency: ₹0 raised out of ₹100,000 (0 supporter) |
 | |
| Operating area | Worldwide |
|---|---|
| ATMs | 2,000,000+ |
| Founded | 1982 |
| Owner | Mastercard |
Cirrus (stylized as cirrus) is a worldwide ATM network. It is a subsidiary of Mastercard and based in Purchase, New York. Founded in 1982, it links Mastercard and Maestro credit, debit and prepaid cards and Cirrus ATM cards to a global network of millions of ATMs.[1]
Prior to its acquisition by Mastercard in 1987, Cirrus System, LLC was owned by Bank of Montreal, BayBanks Inc., First Interstate Bancorp, Mellon Bank, NBD Bancorp Inc. and Norwest Corp.[2]
By default, Mastercard and Maestro cards are linked to the Cirrus network, but very often all three logotypes will be shown. Canadian, American and Saudi Arabian ATMs use this network alongside their local networks and many banks have adopted Cirrus as their international interbank network alongside either a local network, the rival Plus ATM network owned by Visa, or both. In countries such as India and Bangladesh, the Cirrus network also serves as a local interbank network as well as an international network.
Logos[edit]
The first logo, advertised from 1982 until 1992, was then changed to match those representing the other subsidiaries of Mastercard, which acquired Cirrus in 1987. The only exception is the colour pattern change. This can also be noticed through the re-branding in 2016, since all the logos of Mastercard, Maestro and Cirrus have been equally modified.
References[edit]
- ↑ "More About Our Brands". MasterCard. Retrieved January 13, 2017.
- ↑ "Mastercard To Acquire Biggest U.S. Teller System". Chicago Tribune. September 7, 1987. Retrieved February 7, 2017.
Further reading[edit]
- Gifford, David; Spector, Alfred (August 1985). "The Cirrus Banking Network" (PDF). Communications of the ACM. Association for Computing Machinery. 28 (8): 798–807. doi:10.1145/4021.4022. S2CID 5916192. Retrieved 4 October 2014.
External links[edit]
 | This finance-related article is a stub. You can help Bharatpedia by expanding it. |