IT’S ALL ABOUT MAKING INNOVATIONS

BancNet pioneered ATM networking in the Philippines. In 1990 with eight banks in the loop: Allied Banking Corporation; China Banking Corporation; Citytrust (now BPI Family), Interbank, Metropolitan Bank and Trust Company, Philippine Commercial International Bank (now Equitable- / PCI Bank); Rizal Commercial Banking Corporation and Security Bank Corporation. Other financial institutions like Citibank N.A. and Philbank eventually joined the network.

Today, BancNet is the largest ATM consortium in the country with 29 member banks, boasting over 4 million cardholders. It also enjoys the largest volume of transactions with the number increasing dramatically every year since its conception.

BancNet has also interconnected with the two other major ATM networks in the country- first with Megalink in 1993, then recently with ExpressNet. Now, BancNet cardholders enjoy an even wider access to over 5,000 ATMs nationwide.

BancNet expanded its services starting in 1993 when BancNet introduced Bills Payment through the use of the ATM. Bills Payment gives cardholders the convenience of paying their bills- utilities, credit cards, insurance, cable TV and telecommunications, and even give donations- anytime without having to go to payment centers.

Payment at Point-of-Sale (POS) using the ATM card was offered in 1994, allowing cardholders to shop, buy groceries and gas up at accredited merchants nationwide without cash.
 

Enhancing banking convenience further for its clients, it has introduced a series of innovations year after year:

       
      - InterBank Fund Transfer in 2000;
      - BancNet Online, an online banking and payment gateway system in 2001;
      - Online tax payment in 2003;
      - Mobile banking in 2004;
      - Interconnection with international networks
                         VISA and Union Pay in 2002 and 2005, respectively; and
      - Online remittance by individual SSS members in 2006.

With BancNet’s string of innovations, it has remained true to its mission of making banking easier and more secure for its member banks and cardholders, and it will no doubt continue to lead the industry as the only multi-channel, multi-bank payment network in the country.


Our mission and vision:

             BancNet is the leading electronic network for the convenient, reliable, efficient, and secure delivery of financial and related services for member institutions, affiliates, and their customers locally and globally, through outstanding corporate governance, synergy of resources and the best utilization of technology.



 


BANK MEMBERS

Allied Bank
Asia United Bank
Banco Filipino
Banco San Juan
Centennial Bank
Chinabank
Chinatrust
Citibank
Citibank  Savings
Citystate Savings Bank
EastWest Bank
Export Bank
Green Bank
Malayan Bank

Manilabank

Merchants Bank
Metrobank

Opportunity Microfinance Bank

PBCom

PSBank
Philtrust Bank

Philippine Postal Bank

QCRB
RCBC
RCBC

The Real Bank

Security Bank
Standard Chartered Bank
Sterling Bank
Tong Yang Bank
World Partners Bank
 

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