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ALTO
PT ALTO Network

Operating area	Indonesia
Members	23
ATMs	8000+
Founded	August 1993
Owner	Djarum

ALTO is an interbank network in Indonesia. It was founded in August 1993.

History

In 1997, Asian Economic Crisis invaded Indonesian banking industry. Many banks closed, merged or recapitalized.

In 2007, ALTO expanded the business to Money Transfer Operation. In 2009, ALTO developed Mobile Air Time Top Up for all telecommunication provider in Indonesia. The newest business start up from ALTO is Boston School of Banking and Finance, which focused in education for the future banking employers. The other start up is a payment service named ALTO Cash.

In November 2013, ALTO made a joint venture with Seven Bank, who is a Japanese ATM network, named PT. ATM. The goal is to developing ATM business in Indonesia.

Timeline

1994 – Shared ATM Network
2004 – ATM Acquiring
2007 – Money Transfer Operation
2009 – Biller, Top Up Mobile
2011 – Front End Processing Switching Outsourcing
2011 – NSICCS Function Lab 2012
2011 – Core Banking Outsourcing
2011 – Alto Cash and ARMS (Mobile Wallet)
2011 – Boston School of Banking and Finance
2012 – SMS Banking
2013 – Tanamas System
2013 – EDC
2013 - Set Up PT CBI with PT RINTIS and PT ARTAJASA
2013 – Remittance Outward
2014 – Alto Pay
2015 - PCI-DSS Compliant (Coming Soon)

Products

Outsourcing Core Banking Application
Outsourcing Switching Application
ATM Outsourcing
ALTO Cash
Biller Gateway
Remittance (Cash to Account or Account to Cash)§→§

Definition of Member, Partner, and Merchant in ALTO Network

The members in ALTO Network are every financial institution or bank which registered as member in ALTO Network. The membership is open for all Bank Indonesia clearing participant.
The partners in ALTO Network are every companies which provide biller service and delivery channel service owner.
The merchants in ALTO Network are every business entity or individual which participated in Debt Card Service Facility utilization and incorporated in ALTO Network.