Abstract:
In the age of modern technological improvement, banking industry of
Bangladesh has stepped into a new horizon for banking, namely Electronic Banking.
ATM (Automated Teller Machine) is one of the most demanding and latest
technologies introduced in Electronic Banking system. A shared ATM / Point of Sale
(POS) switch is of significant convenience to customers of its member banks by
providing anytime, anywhere banking. This paper focuses on different aspects,
problems, prospects and development of E-cash, a shared networking of ATM used
by six banks in Bangladesh and maintained by Electronic Transactions Network Ltd
(ETN). Strategies and directions for the development of this ATM network in
Bangladesh are also highlighted here.
