Encash Network Services, or ENS, is an independent switch network in the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. It initially connected the ATMs of four rural banks. In its 30 months of operation as of May 2010, this network eventually expanded to more than 101 ATMs, targeting all rural banks and cooperatives. ENS is a member of

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. Fro ...

, which is interconnected with the other Philippine interbank networks, i.e.

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 tr ...

and

Expressnet Expressnet is an interbank network connecting the 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 AT ...

. ENS was expected to provide a low-cost solution for banks and cooperatives who wish to implement ATM services compliant with global standards but cannot afford the costs of connecting to the three main networks. ENS operates a switch-in-front architecture, connected to appropriate transaction authorization entities. These were to include Member Bank CA/SA systems, electronic money/wallet systems, and

Visa Visa most commonly refers to: *Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Visa Plus, an interbank network *Travel visa, a document that allows ...

or Mastercard. The switch network is geared toward accepting transactions using other front-end devices, e.g., POS. Thus, ENS presents both rural and commercial bank ATM cardholders with more access to ATMs. On June 8, 2010, ATM withdrawals for the year reached one million, while ENCASH ATMs dispensed more than Php 3 Billion. ENS launched the ATM portion of its interbank network on November 16, 2007.

References

External links

Encash Network Services websitePhilippine Daily Inquirer article on the launch of the Encash Network Service
{{finance-company-stub Interbank networks Financial services companies of the Philippines Companies based in Makati

See also

References

External links