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In the midst of pleas by the Minister Finance Dr Ashni Singh for commercial banks to make the necessary expenditure to allow for Bank Cards to be used at any Automatic Teller Machines (ATM) Chairman of the Guyana Bankers Association John Tracey says that this will likely be a reality in early 2011.Tracey,Jerseys NFL Wholesale, speaking at the launch of the Code of Banking Practices,Wholesale Authentic Jerseys, on Tuesday said that the initiative could come to fruition in early 2011.According to Tracey,Cheap NFL Authentic Jerseys, Guyana Association of Bankers is at present working “to bring more convenience to our customers…our main efforts right now are directed to doing the feasibility study of a switching system which would allow for the shared access of our ATM systems.”He said that at present much emphasis is being placed on acquiring a technically capable system at the lowest cost since the market does not allow for banks to view the service as a net revenue earner.The interconnectivity of Bank Cards would mean that a Scotia Bank Card could be used at a terminal established by Republic Bank or Demerara Bank or any commercial bank.He explained that GAB was currently assessing a number of initiatives such as acquiring the hardware,NFL Jerseys Wholesale, which would be extremely expensive to maintain and would have to be subsidized.Unlike the suggestion by the Minister that the Banks could charge a fee to use the service Tracey said that this would be unlikely given the level of income of its consumers.The option,Cheap NFL Jerseys Wholesale, he said,Wholesale China Jerseys, is currently not cost effective. But there is the option of connecting to hardware already in place such as in Trinidad and Tobago or Suriname and as such would just have to invest in the software.Tracey said GAB will by the end of this year announce the direction it wishes to take to make the interconnectivity a reality but it will be operational early next year.
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