Information AboutBancnet |
| CATEGORIES ABOUT BANCNET | |
| interbank networks | |
BancNet is a Philippine -based Interbank Network connecting the ATM networks of thirty-one local Bank s. While it is considered the second-largest interbank network in the Philippines in terms of users, it has the most number of member banks and annual transactions. The Network's Tagline is '''Nonstop Banking'''. BancNet is also the exclusive gateway of China UnionPay , allowing access to the nearly 1 billion ATM cardholders from the People's Republic Of China . BancNet serves 5 million members with over 2,400 ATMs and more than 6,000 POS terminals. HISTORY BancNet was founded on July 17 , 1990 as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (now Equitable PCI Bank ), Security Bank , Chinabank , RCBC , Allied Bank , Metrobank , International Corporate Bank (now part of UnionBank ), and Citytrust Savings Bank (now BPI Family Savings Bank ), formed BancNet. Other members have since joined. In 1993 , BancNet made an alliance with MegaLink (which made another alliance with Expressnet in 1997 ), giving clients whose banks are part of both networks access to any of their ATMs, which total about 4000 nationwide. In the same year, BancNet introduced the "Bills Payment" scheme, which let BancNet cardholders pay their bills and give donations to charitable organizations via an ATM. In 1994 , BancNet introduced the Point-of-Sale System, to serve the retail payment requirements of cardholders. This was the same year that the Brand name BancNet Payment System was introduced. In 1997 , BancNet started offering website hosting, email and surfing services to member banks at affordable rates. In 2002 , BancNet started its online banking and payment gateway system. MEMBERS BancNet is the primary network of the following banks listed below: Former members SEE ALSO EXTERNAL LINKS |
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