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Investments glossary

Interbank Network for Electronic Transfer (INET)

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Quotes of the day:

Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.

— Christian Schulz

Interbank Network for Electronic Transfer (INET) processed credit and debit card transactions between financial institutions (FIs). It handled the transferring of funds from cards bearing the MasterCard Inc. (MA) logo, prior to the introduction of Banknet.



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