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BancNet introduced the BancNet Rewards Points program on August 15, 2009, the first points-based rewards system exclusively for debit purchases in the country. Every Php 25 in spend using an ATM debit or prepaid card of a member bank earned the cardholder 1 point. 2,000 points were needed to redeem the cash rebate of Php 100.
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.
The Philippine Health Insurance Corporation (PhilHealth) is a tax-exempt, government-owned and controlled corporation (GOCC) of the Philippines that provides health insurance to the country. It was created on 1995 to implement universal health coverage in the Philippines , and is attached to the Department of Health .
With a shift to a parliamentary form of government, the Department of Health was transformed into the Ministry of Health on June 2, 1978, with Dr. Clemente S. Gatmaitan as the first health minister. On April 13, 1987, the Department of Health was created from the previous Ministry of Health with Dr. Alfredo R. A. Bengzon as secretary of health.
The network is the first Philippine interbank network to rely largely on wireless communications, specifically on Shops Work Unplugged (SWUP), a product offered by the Philippine Long Distance Telephone Company (PLDT). Nationlink ATMs have built-in wireless modems that communicate with the PLDT landline telephone network wirelessly. Through ...
MILAN (Reuters) - Billionaire Elon Musk is looking to carve out a role in Italy's telecommunications system by expanding his aerospace business Space X and satellite broadband venture Starlink.
By Maya Gebeily. BEIRUT (Reuters) -U.S. envoy Amos Hochstein said he will travel to Israel on Wednesday to try to secure a ceasefire ending the war with Lebanon's Hezbollah group after declaring ...
The Express Payment System, more commonly known as the EPS, was the EFTPOS system originally of the ATM cards of Bank of the Philippine Islands and its subsidiaries, BPI Family Savings Bank and BPI Direct Savings Bank. Today [when?], it is the EFTPOS system of the Expressnet interbank network in the Philippines. The system is the most popular ...
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