Bank of Commerce, 2 others join BancNet
MANILA, Philippines - The Bank of Commerce (BOC), the Philippine Veterans Bank (PVB), and CARD Bank have joined the automated teller machine (ATM) and electronic banking network of BancNet.
That brings BancNet’s membership roster to 62 and its ATM network to 4,614, with the entry of the two commercial banks (BOC and PVB) and one rural bank.
The BOC operates 117 branches, 150 ATMs and over 70,000 ATM cardholders while PVB has 60 branches, 201 ATMs and 90,000 ATM cardholders.
CARD Bank is a unique rural bank, and just one of the few Philippine rural banks known worldwide for its successful practice of microfinance.
Based in San Pablo City, it has 41 branches and 300 other banking offices (OBOs) throughout the country. The first three ATMs that the bank launched last month are operating in San Pablo City, Lucena City, and Dolores, Quezon. The CARD Bank ATM is the first and only ATM in Dolores.
Joining BancNet offers access to such electronic services such as payment of purchases at more than 20,000 shops, mobile banking, mobile shopping, online banking, online shopping, online remittance of SSS contributions and loan repayments, and online payment of taxes. More bills can also be paid through BancNet.
BancNet ATMs are also available to holders of foreign-issued JCB, Mastercard, VISA, China Union Pay, and Discover cards.
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