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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. [citation needed] Due to its status as the country's single ATM switch operator, it ...
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 ...
The BancNet (BN) Point-Of-Sale System is a local PIN-based electronic funds transfer (EFTPOS) payments solution operated by BancNet on behalf of the member banks and China UnionPay (CUP). The BN point of sale (POS) System allows merchants to accept the automated teller machine (ATM) cards of any active BancNet member bank as payment for goods ...
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MegaLink was formed in September 1989 by Equitable Banking Corporation (now merged with Banco de Oro), Far East Bank and Trust Company (now part of BPI), Philippine National Bank (currently a BancNet member since Allied Bank merger was completed in 2013 as its surviving brand) and United Coconut Planters Bank, with its fundamental belief in universal sharing, it became the first operational ...
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Philippine Veterans Bank, also known as PVB and Veterans Bank, is a commercial bank in the Philippines. The bank is owned by Philippine World War II war veterans and their families and caters to both corporate and retail financial markets. As part of its charter, PVB allocates 20% of its annual net income for the benefit of its shareholders.