White Label ATM (WLA) or Non-banking ATMs can now accept international cards
Posted on: 06/Dec/2014 11:52:47 AM
White Label ATM (WLA) or Non-banking ATMs can now accept international cards and also source cash supply from other than banks.
The Reserve Bank of India on Friday provided a breather to WLA operators by allowing them to accept international credit/debit/prepaid cards.
RBI said in a notification said, The cards issued under card payment network schemes (authorized under the PSS Act 2007) will be allowed for the purpose. The WLA operators have to ensure that they have established technical connectivity with the respective card network operators either directly or through their sponsor banks.
However, in the case of cards issued under any other card scheme, the routing and settlement should take place based on the bilateral arrangement put in place by the existing authorized networks.
