Cirrus (interbank network)

Cirrus System, LLC
Operating area Worldwide
ATMs 2,000,000+
Founded 1982 (1982)
Owner Mastercard

Cirrus logo used from 1982 until 1992
Cirrus logo used from 1982 until 1992
Cirrus logo used from 1992 until 1996
Cirrus logo used from 1996 until July 14, 2016

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, Venezuelan, Chilean 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.

References

  1. ↑ "More About Our Brands". MasterCard. Retrieved January 13, 2017.
  2. ↑ "Mastercard To Acquire Biggest U.S. Teller System". Chicago Tribune. September 7, 1987. Retrieved February 7, 2017.

Further reading

  • 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. Retrieved 4 October 2014.
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