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- A Memorandum of Agreement was signed in 2007 with Nationlink, admitting the latter as the first network alliance member of BancNet. This allows all the rural bank members of Nationlink to enjoy the convenience of electronic banking on 8,000 ATMs and more than 10,000 Point-of-Sale terminals nationwide.
en.wikipedia.org/wiki/BancNet
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What is Nationlink and how does it function?
What is BancNet & Nationlink?
Does Nationlink compete with other interbank networks in the Philippines?
What does BancNet stand for?
Nationlink is an interbank network and EFTPOS network in the Philippines. Unlike the main Philippine interbank networks, BancNet, ENS, Expressnet and MegaLink, Nationlink does not attempt to compete.
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.
Nationlink (under Infoserve Incorporated) is a registered International Financial Technology Company based in the Philippines. It is regulated and supervised by Bangko Sentral ng Pilipinas as a “Non-Bank Financial Institution”.
May 18, 2006 · Nationlink is an interbank network and EFTPOS network in the Philippines. Unlike the main Philippine interbank networks, BancNet, ENS, Expressnet and MegaLink, Nationlink does not attempt to compete.
Any cardholder under BancNet can transact to the POS device deployed by Nationlink. Who can avail Nationlink’s POS system? Any financial institution, Small to Medium Enterprises, and Merchants/Retailers who wishes to enhance their cashless transactions.
Founded. May 6, 1994. 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 ...
Nationlink is an interbank network and EFTPOS network in the Philippines. Unlike the main interbank networks, BancNet, ENS, Expressnet and MegaLink, Nationlink does not attempt to compete. Instead, it seeks to complement those networks by extending the reach of ATMs in the countryside, as the main networks are concentrated in urban areas.
