Tag: Oriental Mindoro

MegaLink, launched on March 19, 1990, was the first operational of a shared ATM network in the Philippines, and was formed by Equitable Bank, Far East Bank & Trust Co., Philippine National Bank and United Coconut Planters Bank.

They began with the shared resources of 88 ATMs, a base of 130,000 cardholders, and average of 200 transactions a day.

By 2013, this has increased to 16 members with shared resources of around 3,000 ATMs, 17,000 POS terminals and 15.6 million cardholders and processing an average of more than 500,000 transactions a day.

MegaLink are interconnected with both BancNet and Expressnet, and MegaLink cardholders therefore have access to nearly 12,000 ATMs and more than 37,000 POS terminals nationwide.

www.megalink.com.ph

List of Member banks from the above website in June 2013

1. Banco de Oro – BDO has 760 operating branches and over 1,800 ATMs nationwide, and is (September 2012), the country’s largest bank in terms of total resources, capital, customer loans, total deposits and assets under management.
2. Cooperative Rural Bank of Bulacan
3. Country Rural Bank of Taguig
4. ENCASH
5. GSIS Family Bank
6. G-Xchange
7. MASS SPECC
8. Maxbank – Head Office is in Sabang, Puerto Galera.
9. NATCCO
10. One Network Bank
11. Pacific Ace Savings Bank
12. Plantersbank
13. Queenbank
14. Unionbank
15. United Coconut Planters Bank (UCPB)

BancNet was founded on July 17, 1990 as the Philippines’ second ATM consortium (Megalink was the first) when the following eight banks linked their ATM’s into the one BancNet system:

1. PCI Bank (now Banco de Oro),
2. Security Bank,
3. Chinabank,
4. RCBC,
5. Allied Bank,
6. Metrobank,
7. International Corporate Bank (now part of UnionBank), and
8. CityTrust Banking Corp.(now part of BPI)

Current Member Banks (2013) using BancNet as their Primary Network are:

1. Allied Bank
2. Allied Savings Bank
3. AMA Bank
4. Asia United Bank
5. Bank of the Philippine Islands
6. BPI Family Savings Bank
7. BPI Direct Savings Bank
8. Bank of Commerce
9. Centennial Savings Bank
10. Chinabank
11. Chinatrust Commercial Bank
12. Citibank
13. Citibank Savings
14. Citystate Savings Bank
15. Deutsche Bank AG
16. Development Bank of the Philippines
17. E-CTK Solutions Inc
18. East West Bank
19. Equicom Savings Bank
20. Green Bank
21. HSBC
22. HSBC Savings (PCI Bank Savings)
23. Landbank
24. Malayan Bank
25. Maybank
26. Metropolitan Bank and Trust Company
27. Opportunity Kauswagan Bank
28. Philippine Bank of Communications
29. Philippine Business Bank
30. Philippine National Bank
31. Philippine Postal Savings Bank
32. Philippine Savings Bank
33. Philippine Veterans Bank
34. Philtrust Bank
35. Premiere Development Bank
36. Producers Bank
37. Quezon Capital Rural Bank
38. Real Bank
39. RCBC Savings Bank
40. Rizal Commercial Banking Corporation
41. Robinsons Savings Bank
42. Security Bank
43. Standard Chartered Bank
44. Sterling Bank of Asia
45. Tong Yang Savings Bank
46. Wealth Bank
47. World Partners Bank

Source: www.bancnetonline.com

Expressnet was founded on February 14, 1986, when the ATMs of Bank of the Philippine Islands (BPI) and its subsidiary, BPI Family Savings Bank, the founders of Expressnet, were connected for the first time.

However it wasn’t until late in 1991, that a non linked bank, Landbank, joined the consortium, with HSBC following in 1992 and Banco de Oro (BDO) in 1995.

Effectively, Expressnet was the third ATM consortium to be created in the Philippines.

Current Member Banks (2013) using Expressnet as their Primary Network are:

1. Banco de Oro. Also a member of Megalink and BancNet.
2. Bank of the Philippine Islands. BancNet also show Bank of the Philippines Islands as a Primary Network
3. BPI Family Savings Bank. BancNet also show BPI Family Savings Bank as a Primary Network
4. BPI Direct Savings Bank. BancNet also show BPI Direct Savings Bank as a Primary Network
5. Land Bank of the Philippines. BancNet also show Landbank as a Primary Network

http://www.expressnet.ph