What does star stand for in banking?
In the banking and retail payment processing sector, the acronym STAR stands for Secure Transaction Accounting and Reporting, representing a major electronic funds transfer and debit card network operating across the United States. Owned by First Data and Fiserv, the STAR network enables millions of consumers to securely execute ATM cash withdrawals, point-of-sale debit purchases, and electronic fund transfers seamlessly across participating banking institutions and merchant terminal systems nationwide.
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