BancNet

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BancNet

Operating area	Philippines
Members	28
ATMs	Over 2,000
Founded	1990

BancNet (also spelled Bancnet) is an interbank network connecting the ATM networks of twenty-eight banks in the Philippines. It is the second-largest interbank network in the Philippines in terms of users and transactions, but is the largest interbank network in terms of member banks.

At present, BancNet has 4 million members with over 2,000 ATMs open 24 hours a day.

With a reputation for continuous service, BancNet adopted a motto as the "Non-Stop Banking Network". In recent years, most notably with the formation of BancNet Online, another motto was born to make BancNet known for its convenience, speed and reliability: "I-BancNet Mo!" (Use BancNet!)

1 History
2 Members
- 2.1 Former members
3 See also
4 External links

[edit] History

BancNet was founded on July 17, 1990 as the Philippines' first ATM consortium when the ATMs of eight banks, namely 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. Over time, other members joined the BancNet bandwagon.

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.

A year later, BancNet introduced the Point-of-Sale (POS) service which allowed BancNet cardholders to shop and pay for the items they buy using their Bancnet ATM card, treating their ATM card as a debit card. The service is known as the BancNet Payment System, or BPS.

In 1997, BancNet started offering website hosting, email and surfing services to member banks at affordable rates. This led to the rise of the websites of member banks. A short while later, BancNet introduced the Interbank Fund Transfer system (IBFT) via ATM. This allowed BancNet cardholders to transfer money to another Bancnet account.

In 2002, BancNet started its online banking and payment gateway system, which led to users being able to use their computers to access BancNet services.

On July 13, 2005, BancNet and Expressnet have agreed to interconnect.

[edit] Members

BancNet is the primary network of the following banks listed below:

	Membership date	ATM
Allied Bank	July 17, 1990	Automated Teller
Asia United Bank	1997	Preferred ATM
Banco Filipino	1994	BF Cash Card ATM
Banco San Juan	2002	Kidlat Teller
Centennial Savings Bank	1998	Centennial ATM
Chinabank	July 17, 1990	Tellercard ATM
Chinatrust Commercial Bank	1998	Chinatrust ATM
Citibank	July 17, 1990	Citibank ATM
Citibank Savings	2005	Citibank ATM
Citystate Savings Bank	1997	City Cash ATM
East West Bank	1994	ATM Access
Equitable PCI Bank	July 17, 1990	Fasteller
Export and Industry Bank	1997	ExperTeller
Malayan Bank	1997	Malayan Bank ATM
Manilabank	1999	Golden Teller
Merchants Savings and Loan Association	1995	Merchants Bank ATM
Metropolitan Bank and Trust Company	July 17, 1990	Metrobank E.T.
Orion Bank	1997	Orion Bank ATM
Philippine Bank of Communications	1994	Quick Cash ATM
Philippine Postal Savings Bank	2004	PostalCash ATM
Philippine Savings Bank	1994	PSBank ATM
Philtrust Bank	1995	Philtrust Bank ATM
Real Bank	2004	Real Cash ATM
Rizal Commercial Banking Corporation	July 17, 1990	myRCBC ATM
RCBC Savings Bank	1997	myRCBC ATM
Security Bank	July 17, 1990	Cashlink
Standard Chartered Bank	1996	Standard Chartered ATM
World Partners Bank	2002	World Partners Bank ATM

[edit] Former members

Citytrust Savings Bank
International Corporate Bank
United Overseas Bank

[edit] See also

[edit] External links

BancNet

Philippine interbank networks
BancNet \| ENS \| Expressnet \| MegaLink \| Nationlink

Interbank networks by region
Multiregional:	Cirrus \| Maestro \| PLUS
Africa:	CashNet \| Interswitch \| SASWITCH
Asia Pacific:	1Link \| ALTO \| Artajasa \| atm⁵ \| ATM BCA \| ATM Bersama \| ATM BII (Superkasa) \| BancNet \| Bankline \| Cashnet \| CashTree \| ENS \| ETC \| Expressnet \| Himbara \| JETCO \| Link \| MEPS \| MegaLink \| MITR \| MNET \| Nationlink \| Sanwa \| UnionPay \| Yucho \| FISC
Caribbean:	ATH \| Midas \| Unired
Europe:	4B \| Altın Nokta \| BankAxept \| Bankomat \| BKM \| Cash Group \| CB \| DIAS \| Eufiserv \| Euronet \| LINK \| Multibanco \| Ortak Nokta \| Otto. \| ServiRed \| StarNet
Middle East:	123 \| BANCS \| Bankernet \| CSC \| JoNet \| NAPS \| OmanSwitch \| Shetab \| SPAN \| UAE Switch
North America:	Abby \| ACCEL/Exchange \| Access 24 \| Advantage \| Alaska Option \| Alert \| Allpoint \| Annie \| ARN \| Award \| BankMate \| BOH \| Cash Station \| Checkokard \| CO-OP \| Credit Union 24 \| Credomatic \| Discover Network \| Easy Answer \| Express \| Express Teller \| Fastbank \| Gulfnet \| HandiBank \| Handy 24 \| Honor \| Instant Cash \| Instant Teller \| Interlink \| Interac \| Jeanie \| KETS \| LYNX \| MAC \| Magic Line \| Minibank \| Money Belt \| Money Network \| MoneyMaker \| Money Station \| MOST \| MPact \| Networks \| NYCE \| Peak \| Presto! \| Pulse \| Quest \| RED \| Red Total \| SC 24 \| Service Card System \| SHAZAM \| STAR \| The Exchange \| Transact \| Transfund \| TX Network \| Tyme \| Universal Money Center \| Via \| X-PRESS 24 \| Yankee 24
South America:	GlobalNet \| Link \| Redbanc \| Telebanco \| Unicard \| Conexus \| Suiche 7B \| Banelco
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