BancNet serves 6 million members with over 2,400 ATMs and more than 8,000 POS terminals.
In 1993, BancNet signed an interconnection agreement with MegaLink in 1997 to give cardholders whose banks are part of either network access to any of their ATMs, which total more than 4,000 nationwide.
In that same year, BancNet introduced the Bills Payment product which allows BancNet cardholders to pay their bill and make donations to charitable organizations using any BancNet ATM. This function has since been extended to the online payment gateway, mobile phones, and on EFT-POS terminals.
In 1997, BancNet started offering website hosting, email and surfing services to member banks at affordable rates.
In 2002, BancNet started its online banking and payment gateway system which can be accessed through http://www.bancnetonline.com.
It was during the anniversary business forum of 2002 that BancNet introduced Interbank Funds Transfer, reportedly the first consortium-run automated transfer facility in the region. The product allows real-time, online transfer of money among the members of BancNet using either the payment gateway, the ATM or a cardholder's cellular phone.
A partnership with Globe Telecom, the second largest telecoms company in the Philippines, in 2006 allowed BancNet to expand ATM-like functions to the mobile phones of cardholders. This was followed by a similar agreement in early 2007 with Smart Communications, the dominant telecoms company, for mobile banking.
Other products that BancNet maintains for the member banks include SSSNet for the online payment processing of personal and corporate contributions to the national social security system and Tax Payment Gateway for the online processing of corporate tax payments. A similar online system for the national housing fund (PAG-IBIG Fund) and the national health fund (PhilHealth) is expected to be launched in late 2007.
|Allied Bank||July 17, 1990||Automated Teller|
|Asia United Bank||1997||Preferred ATM|
|Banco Filipino||1994||BF Cash Card ATM|
|Banco San Juan||2002||Kidlat Teller|
|Centennial Savings Bank||1998||Centennial ATM|
|Chinabank||July 17, 1990||Tellercard ATM|
|Chinatrust Commercial Bank||1998||Chinatrust ATM|
|Citibank||July 17, 1990||Citibank ATM|
|Citystate Savings Bank||1997||City Cash ATM|
|East West Bank||1994||ATM Access|
|Export and Industry Bank||1997||ExperTeller|
|Malayan Bank||1997||Malayan Bank ATM|
|Green Bank||2006||G-Card ATM|
|HSBC Savings||July 2008|
|Manilabank to merge with Chinabank||1999||Golden Teller|
|Merchants Savings and Loan Association to merge with RCBC||1995|
|Metropolitan Bank and Trust Company||July 17, 1990||Metrobank E.T.|
|Opportunity Kauswagan Bank||July, 2007|
|Tong Yang Savings Bank (formerly Orion Bank)||1997||Tong Yang Savings ATM|
|Philippine Bank of Communications||1994||Quick Cash ATM|
|Philippine Business Bank||2008|
|Philippine Postal Savings Bank||2004||PostalCash ATM|
|Philippine Savings Bank||1994||PSBank ATM|
|Philtrust Bank||1995||Philtrust Bank ATM|
|Quezon Capital Rural Bank||2007||QCRB Tellermate ATM|
|Real Bank||2004||Real Cash ATM|
|Rizal Commercial Banking Corporation||July 17, 1990||myRCBC ATM|
|RCBC Savings Bank||1997|
|Robinsons Savings Bank||2008|
|Security Bank||July 17, 1990||Cashlink|
|Standard Chartered Bank||1996||Standard Chartered ATM|
|World Partners Bank||2002||World Partners Bank ATM|
A Memorandum of Agreement was signed in 2007 with Nationlink (interbank network), 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 nearly 7,000 ATMs and more than 8,000 Point-of-Sale terminals nationwide.