TrapeLien
Industry | Interbank network |
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Headquarters | , |
Website | trapelien |
TrapeLien is a Piraean interbank network owned by several private banks. The network was first introduced in 1981 and has grown since then to become the largest automated teller machines in the country.
It is owned as a consortium by all private banks of Piraea and operates exclusively within the territory of the country. For this reason, the TrapeLien is associated with the Euclo Alliance of Payment Schemes and other private interbank networks. Its early introduction as owner of ATMs on the Piraean market has made of "trapelin" a synonym for teller machines in Piraea.
The consortium shares market with a public network, which serves public banks ATMs, and a smaller cooperatively owned network; although plans of merging TrapeLien with the last exist. TrapeLien ATMs are frequent targets of vandalism.