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UnionPay decal on the door of a dining hall in Chiba, Japan. With the approval of the People's Bank of China (PBOC), China UnionPay was launched on 26 March 2002, in Shanghai by PBOC governor Dai Xianglong, The Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and the China Construction Bank served as its first members. [6]
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 (PLDT, Innove (Globe Telecom) and Digitel) and performs actual transactions settlement (finance) (through the BN depository bank).
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
On June 20, 1991, PCIBank was granted a license by MasterCard International to issue credit cards in the Philippines accepted by the MasterCard network of affiliated banks and establishments worldwide. In 1994, PCIBank turned over the management and ownership of the MasterCard portfolio. This was to issue and acquire business to Bankard, Inc. [2]
The Confederation of Filipino Workers (CFW) is a national trade union federation in the Philippines. It was founded 15 April 1986, and has a dues-paying membership of around 50,000. It is the only federation with the most number of unions in the export processing zones, especially in Mariveles, Bataan.
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Nationlink is an interbank network and EFTPOS network in the Philippines. Unlike the main Philippine interbank networks, BancNet, ENS, Expressnet and MegaLink, Nationlink does not attempt to compete. Instead, it seeks to complement those networks by extending the reach of ATMs in the countryside, as the main networks are concentrated in urban ...
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