|
MegaLink
MegaLink (also spelled Megalink) is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for automatic teller machine networks and point of sale systems of banks in the country. From its establishment in 1989 until 2015, it pioneered the interconnectivity of several banks in the country by way of being the first interbank network with different banks as its members. At planned re-purposing and decommissioning, it had a total of more than 2,921 automated teller machines nationwide and handled more than 795,000 transactions a day. MegaLink was the largest interbank network in the Philippines with 13.1 million cardholders. MegaLink was also known for its belief in universal sharing with the motto of "The Card for All." By late January 2015, MegaLink and BancNet announced their merger. BancNet would be the sole surviving entity, while MegaLink would be re-purposed. MegaLink now lists itself as a BancNet member, under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MegaLink Logo
MegaLink (also spelled Megalink) is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for automatic teller machine networks and point of sale systems of banks in the country. From its establishment in 1989 until 2015, it pioneered the interconnectivity of several banks in the country by way of being the first interbank network with different banks as its members. At planned re-purposing and decommissioning, it had a total of more than 2,921 automated teller machines nationwide and handled more than 795,000 transactions a day. MegaLink was the largest interbank network in the Philippines with 13.1 million cardholders. MegaLink was also known for its belief in universal sharing with the motto of "The Card for All." By late January 2015, MegaLink and BancNet announced their merger. BancNet would be the sole surviving entity, while MegaLink would be re-purposed. MegaLink now lists itself as a BancNet member, unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expressnet
Expressnet is an interbank network connecting the ATM networks of seven major banks in the Philippines. It has the second-largest number of ATMs (largely due to the vast nationwide presence of Bank of the Philippine Islands Express Teller ATMs) and the smallest number of customers and member banks. However, its strength among the interbank networks and the ubiquity of BPI ATMs have given birth to the Expressnet motto: "The Powerful Connection". At present, Expressnet has 3.5 million customers and has 2,213 ATMs operating 24 hours a day. It has been reported that lock, stock and barrel of Expressnet has been purchased by rival interbank network BancNet. The Expressnet brand is slowly being retired as a result, and recent BPI promotional collateral no longer shows Expressnet info and membership, particularly in their new releases of BPI Express Teller cards (where BPI no longer lists itself as a member of Expressnet). Full integration of its current infrastructure to the B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BancNet
BancNet (also spelled Bancnet) is a Philippine-based interbank network connecting the ATM networks of local and offshore banks, and the country's single interbank network in the Philippines in terms of the number of member banks and annual transactions. Due to its status as the country's single ATM switch operator, it is designated by the Bangko Sentral ng Pilipinas (BSP) as the country's national ATM network. BancNet is also the exclusive gateway of China's UnionPay, allowing access to the nearly 1 billion ATM cardholders from China. BancNet is allied with global payment brand JCB International. Through this alliance, JCB cardholders can make cash advances at participating BancNet member ATMs nationwide. Bancnet interconnects with international card networks Diners Club, Discover, KFTC, Mastercard, and Visa. BancNet serves more than 41 million ATM cardholders of its 124 members and affiliates with over 21,000 ATMs and more than 304,000 POS terminals. In 2008, Express ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ATM Bersama
ATM Bersama () is one of the interbank networks in Indonesia, connecting the ATM networks of twenty-one banks in Indonesia. It was established 1993 and is based on the model adopted by MegaLink, an interbank network in the Philippines. ATM Bersama has over 70 members with 17,000 ATMs throughout Indonesia. The network is owned by PT Artajasa Pembayaran Elektronis. Services ATM Bersama provides many interbank facilities, including balance inquiry, cash withdrawal and real time-online transfer to other accounts of members of the shared network. In 2004, ARTAJASA made a cross-border ATM Bersama with partner provider MEPS, Malaysia. Singapore and Thailand have been linked to the ATM Bersama network with NETS and ITMX respectively. Members The following banks are the members of ATM Bersama network: *ANZ *Bank Agroniaga *Bank Jago Tbk. *Bank Bengkulu *Bank Bukopin *Bank Capital * Commonwealth Bank *Bank DKI *Bank Ganesha * Bank HSBC *Bank Ina Perdana *Bank Index *Bank Jabar Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Coconut Planters Bank
The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-controlled and was one of the largest banks in the Philippines, ranking within the top twenty banks in the country in terms of assets. It is the only existing universal bank not listed on the Philippine Stock Exchange. The bank, owing to its name, catered heavily to coconut farmers, but also served a wide-ranging clientele. In July 2020, the Philippine government raised its stake with the bank to 97%, thus resulting for its conversion to a government controlled bank. Effective March 1, 2022, UCPB merged with Land Bank of the Philippines, with Land Bank as the surviving entity. History UCPB started on May 15, 1963, as First United Bank, First United Bank (Philippines). With only four branches at the time, it was a small commercial bank. UCPB's origin can be found in Presidential Decree No. 755 (or P.D. No. 755) by President Ferdinand Marcos on July 29 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interbank Network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network. However, the functions which may be performed at the network ATM vary. For example, special services, such as the purchase of mobile phone airtime, may be available to own-bank but not to network ATM cardholders. Furthermore, the network ATM owner may charge a fee for use of network cards (in addition to any fees imposed by the own-bank). Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus, are widely available. Interbank networks also permit, through different means, the use of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automatic Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plus (interbank Network)
Visa Plus is a worldwide interbank network that provides cash to Visa cardholders. As a subsidiary of Visa Inc., connects all Visa credit, debit and prepaid cards, as well as ATM cards issued by various banks worldwide bearing the Visa / Electron logo. Plus System, Inc. started out as a consortium formed by 34 major U.S. banks to build a national network of automated teller machines (ATM). It initially was composed of 2,000 ATMs linking 1,000 banks and their customers in 47 states. As the booming ATM industry outgrew regional networks and began to go nationwide in the mid-1980s, credit-card giant Visa sought entry in the lucrative ATM network business and acquired a third of Plus System in 1987. Currently, there are over one million Plus-linked ATMs in 170 countries worldwide. By default, Visa / Electron cards are linked to the Plus network, but very often all three logotypes will be shown. Plus is widely used as a local interbank network most common in the United States whe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telephone Banking
Telephone banking is a service provided by a bank or other financial institution, that enables customers to perform over the telephone a range of financial transactions which do not involve cash or Financial instruments (such as cheques), without the need to visit a bank branch or ATM. History Telephone banking became commercially available in the 1980s, first introduced by Girobank in the United Kingdom, which established a dedicated telephone banking service in 1984. Telephone banking saw growth during the 1980s and early 1990s, and was heavily used by the first generation of direct banks. However, the development online banking in the early 2000s started a long term decline in the use of telephone banking in favor of internet banking. The advent of mobile banking further eroded the use of telephone banking in the 2010s. Operation To use a financial institution's telephone banking facility, a customer must first register with the institution for the service. They would ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Visa Inc
Visa Inc. (; stylized as ''VISA'') is an American multinational financial services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa is one of the world's most valuable companies. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. Available through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangko Sentral Ng Pilipinas
The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. History American era and World War II In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Automated Teller Machine")
