Interbank Network For Electronic Transfer (INET),
What is The Definition of Interbank Network For Electronic Transfer (INET)?
You can define Interbank Network For Electronic Transfer (INET) as, The Interbank Electronic Transfer Network (INET) handles credit and debit card transactions between financial institutions (FIs). Prior to the introduction of BankNet, he was involved in the transfer of funds from cards with the MasterCard Inc. (MA) logo.
- The Interbank Electronic Transfer Network (INET) handles MasterCard credit and debit card transactions.
- It sends money transfers while the National MasterCard Card Authorization System (INAS) processes the card authorization.
- The two systems have since been integrated into the BankNet, an organization that integrates all MasterCard data processing centers and issues members to the financial network.
Literal Meanings of Interbank Network For Electronic Transfer (INET)
Meanings of Interbank:
Interbank agreement, arrangement or work.
Sentences of Interbank
Business opportunities in the interbank market
Meanings of Network:
Arranging the intersection of horizontal and vertical lines.
A group of people or related systems or related things.
Connect or use network.
Communicate with others to share information and make professional or social contacts.
Sentences of Network
A spider makes a complex web of all kinds of threads
Synonyms of Network
matrix, complex, web, criss-cross, nexus, interconnected system, lattice, interconnected structure, mesh, grid, complex system, system, complex arrangement, net, trellis, tracery, webbing
Meanings of For:
For (or for a person or policy)
Influence, adversary or adversary (someone or something)
By (or for) or for the benefit of
(Above) as a goal or task.
Put (above) as an excuse or excuse.
It has its destination (designated place).
In return for (something)
Compared to the expected quality of (some)
Indication period (duration)
Sentences of For
Voted in the independence referendum
He is responsible for running his department smoothly
This old man does not represent everyone
Tools you need to frame
Eileen is proud of her family for their support.
You will go to Swimsuit tomorrow
The letter "F" is interesting
For this, exchange these two bottles
He is taller than his age
Synonyms of For
the same as, considering that, on account of the fact that, for, since, in view of the fact that, as a tribute to, pro, object, because, giving backing to, all for, sympathetic to, aim, owing to the fact that, seeing as, objective, cause, end, as a mark of respect to, motive
Meanings of Electronic:
(Devices) that contain or use many small components, including microchips and transistors that conduct and conduct electricity.
Developed or accessed by a computer or other electronic device, especially on a network.
Sentences of Electronic
Nuclear physics, in particular, involves the study of the electronic components of atoms.
Electronic banking system
Synonyms of Electronic
computerized, robotic, push-button, unmanned, electronic, mechanized, preprogrammed, mechanical, automated
Meanings of Transfer:
Move from place to place.
Switch to another location, route or mode of transport while traveling.
Transfer of property (property, rights or obligations) to another person.
Replace (word or phrase meaning) with an extension or metaphor.
The act of moving something else.
A small colored drawing or image on paper that can be moved to another level by pressing or heating.
The act of moving to another place, route or mode of transport during the journey.
Sentences of Transfer
I fell asleep on the sofa before going to my room that night.
John advised him to go to the train station from Rome airport.
We will transfer the entire responsibility of planning to the local authorities.
Instead, between Latin and English, meaning moved by inhabitants
Transfer of wealth to the poorest countries
Iron transfer shirt
Synonyms of Transfer
resettle, sign over, remove, uproot, lift, relocation, give, transport, conveyance, bring, shifting, transmit, redirection, take, bear, assign, turn over, commit, transference, conversion, relinquish