BancNet Payment System
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BancNet Payment System
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 or services and obliges BN to settle the transaction as early as the following banking day through a direct deposit to a settlement account with any member bank. Acceptance of CUP cards is limited to SM Prime Holdings, Inc.'s Department Store, Supermarket, Hypermarket, Super Sale, Watson's, Sports Central, SM Appliance, Toy Kingdom, and select Surplus Stores. Systems components The service has two major components: the infrastructure and the support services. BancNet deploys credit authorization terminals with requisite supplies, provides store signage (or point of sale display), maintains toll free connections for provincial merchants (PL ...
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BPS03
BPS, Bps or bps may refer to: Science and mathematics *Plural of bp, base pair, a measure of length of DNA *Plural of bp, basis point, one one-hundredth of a percentage point - ‱ *Battered person syndrome, a physical and psychological condition found in victims of abuse * Best practice statement, a qualification of a method used in guidelines documents * Bisphenol S, an organic chemical compound *Bladder pain syndrome, a disorder characterised by pain associated with urination *Bogomol'nyi–Prasad–Sommerfield bound, a mathematical concept in field and string theory *Bogomol'nyi–Prasad–Sommerfield state, solutions saturating the BPS bound *BPS domain, a protein domain *Bronchopulmonary sequestration, where a section of lung tissue has a decreased blood supply * Bovine papular stomatitis, a zoonotic farmyard pox Computing *IBM Basic Programming Support, BPS/360 *Bits per second (bps), a data rate unit *Bytes per second (Bps), a data rate unit *Bits per sample (bps), referr ...
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Robinsons Galleria
Robinsons Galleria, also known as Robinsons Galleria Ortigas, is a mixed-use complex and shopping mall located at EDSA corner Ortigas Avenue, Quezon City, just near SM Megamall. The mall is owned by Robinsons Malls, and it is their flagship mall. It is the 1st Robinsons Mall to bear the Galleria branding. It was built on January 12, 1990, with a total gross floor area of approximately . The mall Robinsons Galleria is a 5-level shopping mall and a landmark along EDSA and Ortigas Avenue with more than 400 shops, dining outlets, entertainment facilities, and service centers. It is located within a mixed-use complex composed of two high-rise office towers, the Galleria Corporate Center and Robinsons Equitable Tower. Three hotels are also located among the said towers, the Holiday Inn Manila Galleria and Crowne Plaza Manila Galleria, and the Galleria Regency. A major tenant of the mall is the central passport office of the Department of Foreign Affairs in Metro Manila called ''D ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Visa Inc
Visa Inc. (; stylized as ''VISA'') is an American multinational financial services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa is one of the world's most valuable companies. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. Available through ...
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Megalink
MegaLink (also spelled Megalink) is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for automatic teller machine networks and point of sale systems of banks in the country. From its establishment in 1989 until 2015, it pioneered the interconnectivity of several banks in the country by way of being the first interbank network with different banks as its members. At planned re-purposing and decommissioning, it had a total of more than 2,921 automated teller machines nationwide and handled more than 795,000 transactions a day. MegaLink was the largest interbank network in the Philippines with 13.1 million cardholders. MegaLink was also known for its belief in universal sharing with the motto of "The Card for All." By late January 2015, MegaLink and BancNet announced their merger. BancNet would be the sole surviving entity, while MegaLink would be re-purposed. MegaLink now lists itself as a BancNet member, under ...
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Expressnet
Expressnet is an interbank network connecting the Automatic teller machine, ATM networks of seven major banks in the Philippines. It has the second-largest number of ATMs (largely due to the vast nationwide presence of Bank of the Philippine Islands Express Teller ATMs) and the smallest number of customers and member banks. However, its strength among the interbank networks and the ubiquity of BPI ATMs have given birth to the Expressnet motto: "The Powerful Connection". At present, Expressnet has 3.5 million customers and has 2,213 ATMs operating 24 hours a day. It has been reported that lock, stock and barrel of Expressnet has been purchased by rival interbank network BancNet. The Expressnet brand is slowly being retired as a result, and recent BPI promotional collateral no longer shows Expressnet info and membership, particularly in their new releases of BPI Express Teller cards (where BPI no longer lists itself as a member of Expressnet). Full integration of its current i ...
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Debit
Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value ''to'' that account, and a credit entry represents a transfer ''from'' the account. Each transaction transfers value from credited accounts to debited accounts. For example, a tenant who writes a rent cheque to a landlord would enter a credit for the bank account on which the cheque is drawn, and a debit in a rent expense account. Similarly, the landlord would enter a credit in the rent income account associated with the tenant and a debit for the bank account where the cheque is deposited. Debits and credits are traditionally distinguished by writing the transfer amounts in separate columns of an account book. Alternately, they can be listed in one column, indicating debits with the suffix "Dr" or writing them plain, and indicating credits with the suffix "Cr" or a minus si ...
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Credit Cards
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit card diffe ...
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Metropolitan Bank And Trust Company
The Metropolitan Bank and Trust Company (), commonly known as Metrobank, is the fourth largest bank in the Philippines. It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Inc. History Metropolitan Bank and Trust Company (Metrobank) was established by a group of businessmen on September 5, 1962, at the Wellington Building in Binondo, Manila. In August 1963, the bank's first branch was established in Divisoria. Four years later, Metrobank opened its first provincial branch, the Davao branch. At the onset of the 1970s, Metrobank opened its first international branch in Taipei, Taiwan's capital city. In April 1997, the Central Bank authorized Metrobank to operate a foreign currency deposit unit (FCDU). In the same year, branches and offices totaled 100 and the bank inaugurated its new head office at Metrobank Plaza in Makati. On August 21, 1981, the Central Bank authorized Metrobank to operate ...
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Rizal Commercial Banking Corporation
The Rizal Commercial Banking Corporation (RCBC) () is one of the largest universal banks in the Philippines with total consolidated resources of Php 959 billion. It was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. RCBC is majority-owned by the Yuchengco Group of Companies (YGC), one of the oldest and largest conglomerates in Southeast Asia covering over 60 businesses which include the non-life insurance company, Malayan Insurance, a life insurance company joint venture with Sun Life Financial Philippines, SunLifeGREPA Financial, Inc.; the construction company EEI Corp.; educational institutions; and vehicle dealerships. Other significant investors of the bank include the World Bank's International Finance Corporation, Cathay Life Insurance Co., Ltd., a wholly owned subsidiary of Cathay Financial Holding, Ltd, and CVC Capital Partners. RCBC issues first US dollar sustainability bond ...
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Citibank
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few beca ...
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