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The Banco de Oro-Equitable PCI Bank merger (2004–2006) was a plan by the SM Group of Companies and Banco de Oro Universal Bank, the then fifth-largest bank in the Philippines, to merge with Equitable PCI Bank, the third-largest bank. The merger was part of a long-term goal of Banco de Oro to become one of the largest names in the Philippine banking industry. It closed on December 27, 2006 ...
In 1989, Equitable turned its credit card department into a wholly owned subsidiary, Equitable CardNetwork. With three other banks, namely Far East Bank and Trust Company (since merged with BPI ), Philippine National Bank and United Coconut Planters Bank, it formed Megalink, then the Philippines' largest ATM network.
BDO Unibank, Inc ., commonly known as Banco de Oro ( BDO ), [a] is a Philippine banking company based in Mandaluyong, the Philippines. BDO Unibank is a member of the SM Group and so can be found at SM Malls throughout the country.
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 transactions. [citation needed] Due to its status as the country's single ATM switch operator, it ...
In June 2016, Security Bank through its credit card division SB Cards Corporation (formerly Security Diners International Corporation) sold Diners Club's exclusive rights in the Philippines to its rival, BDO Unibank [60] [61] and in October of the same year, Diners Club International announced that they signed a deal with BDO Unibank to become ...
RCBC Credit Cards (previously RCBC Bankard ( PSE : BKD )) is one of the largest credit card issuers in the Philippines, issuing VISA, MasterCard, JCB and UnionPay (CUP) credit cards. In the 1990s, they also issued their line of credit and debit cards. RCBC Credit Cards offers an installment conversion facility that allows cardholders to convert their retail purchases to installment including a ...
The company was launched in December 2000 as Smart Money powered by Smart e-Money, Inc., in cooperation with 1st e-Bank (formerly PDCP Bank; now BDO Unibank) and Mastercard. It was claimed that it was the world’s first card linked to a wireless phone and was marketed by Smart Communications as one of the biggest innovations in finance. [4]
If you close a credit card with a balance, you'll still be responsible for that debt. Card issuers will continue to send statements in the mail, and interest will still be applied to that balance ...