citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2013 learn how and when to remove this template message the benefit company type interbank network industry finance founded november 1997 headquarters bahrain products financial services website www.benefitco.com.bh the benefit company tbc is the local switch in the kingdom of bahrain handling atm and pos transactions among other services . established in 1997 with a special license from the central bank of bahrain as provider of ancillary services to the financial sector 1 it is the only financial network of its kind in the country . contents 1 atm and pos 2 gccnet 3 payment gateway 4 electronic check clearing 5 member banks in the network 6 see also 7 references 8 external links atm and pos edit benefit s initial services included connecting the atm services of the local banks in bahrain and handling the settlements . in addition it connected the pos terminals to all of the local issuers in the kingdom . gccnet edit in addition to local switching benefit is also connected to gcc net the main switch operating on all gcc countries . a connection was also established with shetab in 2005 ; linking all benefit users with iran s only switch . payment gateway edit in 2006 the company offered the payment gateway service integrating more the local banks onto one payment hub allowing banks and their merchants to perform online transactions . 2 electronic check clearing edit in may 2012 benefit started running the nation s check truncation system . thus enabling 29 banks in the kingdom to settle checks the same day . 3 member banks in the network edit arab bank ltd. bank al habib bank of bahrain and kuwait citibank hsbc shamil bank of bahrain kuwait finance house national bank of bahrain standard chartered bank bahrain islamic bank ahli united bank bahraini saudi bank citibank national bank of kuwait national bank of abu dhabi khaleeji commercial bank mashreq bank al salam bank eskan bank icici bank state bank of india see also edit atm pos references edit bahrain electronic network for financial transactions . benefitco.com.bh . retrieved 2013 12 06 . 1 archived may 4 2008 at the wayback machine . central bank of bahrain starts running live progresssoft s electronic check clearing solution across the kingdom progresssoft corporation . progressoft.com . 2012 05 12 . retrieved 2013 12 06 . external links edit the benefit company s main site central bank of bahrain s main site gccnet s main web site v t e interbank networks by region worldwide cirrus plus africa 123 multicaixa asia 1link alto atm5 atm bersama bancnet banks atm network and customer services the benefit company cashnet cashtree china unionpay dutch bangla bank nexus encash network service electronic payment services eps expressnet ez link jetco lankapay link meps meps megalink mitr atm sharing network mnet national financial switch nationlink nets prima atm bca rupay saudi payments network shetab banking system slips treats atm bni yucho europe 4b allied irish banks banklink eufiserv euro 6000 euronet worldwide girocard bankcard servicenetz cash group cashpool groupement des cartes bancaires cb link multibanco otto . sbercard servired single euro payments area vocalink zolotaya korona north america abby accel acculink alberta regional network alert allpoint armed forces financial network ath bankmate cactus carifs cash station co op financial services discover network explore honor interac interlink jeanie money access center moneypass most nyce presto pulse shazam star sum tyme via oceania eftpos south america banco 24 horas banelco banred globalnet redbanc suiche7b book category this bahrain related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title the benefit company & oldid 714674797 categories 1997 establishments in bahrainbanks established in 1997banks of bahraininterbank networksbahrain stubshidden categories articles with wayback machine linksarticles needing additional references from december 2013all articles needing additional referencesall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 11 april 2016 at 05 14 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view