STAR Network is the largest independent U.S. domestic debit network, with two million acceptance outlets, consisting of ATMs, POS and Online retailers, for nearly one in three U.S. debit cardholders.
STAR Network began in 1984 initially serving as an EFTPOS interbank ATM network, later expanding to PIN-Debit at point of sale locations in 1987. Today, STAR Network supports multiple authentication methods including PIN, PINless, Signature, for multiple transaction channels including ATM, POS, P2P, B2C, and Mobile in both single-message and dual-message ISO-8583 formats.
STAR Network has a proud history of many first-to-market products and services that mitigate risk and offer greater cardholder convenience:
- Pioneered legislation to truncate account numbers on ATM/debit receipts
- First network to produce and distribute ATM Safety inserts
- Processed first envelope-less deposits at the ATM
- First online, positive-file check verification
- Processed the first Internet digital signature-authorized payment transaction in the U.S.
- Processed the first real-time, direct electronic check debit in the industry
- First to process imaged-check transactions at the ATM
- First network to introduce account-to-account transfers via the STAR Expedited Transfer service
- First EFT network to introduce prepaid reload capability at the POS and ATMs
- Developed the STAR Online Partner program, first to enable consumers to securely link their financial institution's debit card to a PayPal account for online purchases
- First independent debit network to support Apple Pay®
- First independent debit network to announce common EMV® debit agreement solution
- First historically PIN-Debit network to expand acceptance to signature debit in 2016.
STAR Network is a champion of open standards and a competitive marketplace, demonstrated by its founding and ongoing support of Secure Remote Payment Council, Debit Network Alliance LLC, Merchant Advisory Group and it's active participation with industry forums including but not limited to: NACHA, US Payments Forum and Cardlinx.
The network is owned and operated as STAR Network Inc., a wholly owned subsidiary company of First Data Corporation.
Video STAR (interbank network)
Mergers
The network has existed since the 1980s, and has since included several other networks, mostly in the 2000s:
- Alert
- BankMate
- Cactus
- Cash Station
- Explore
- HONOR
- Money Access Center (MAC)
- MOST
- VIA
Maps STAR (interbank network)
See also
- ATM usage fees
References
External links
- STAR Networks
Source of the article : Wikipedia
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