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MegaLink (also spelled as Megalink) is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for Automatic Teller Machine (ATM) networks and point of sale systems for banks. It was established in 1989; it was later repurposed in 2015.
Expressnet is the primary network of the following banks listed below: Banco de Oro (formerly a member of MegaLink, now BancNet) - April 1995; Bank of the Philippine Islands and subsidiaries BPI Direct Savings Bank and BPI Family Savings Bank (also a member of BancNet) - February 14, 1986
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.
BancNet signed a Memorandum of Agreement with both Banco de Oro (a member bank of both Expressnet and Megalink) and Bank of the Philippine Islands (operator of Expressnet) for terminal sharing in 2009. However, internal settlement arrangements within each consortium are followed despite the terminal arrangements; e.g., BancNet POS transactions ...
It intends to provide services previously unavailable in more remote areas of the Philippines, such as real-time remittance transfers and electronic bank account access. 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 ...
The Philippines' central bank lifted on Thursday a moratorium on establishing digital banks to promote financial inclusion and digital transformation. The Monetary Board has allowed a maximum of ...
ENS is a member of MegaLink, which is interconnected with the other Philippine interbank networks, i.e. BancNet and Expressnet. ENS was expected to provide a low-cost solution for banks and cooperatives who wish to implement ATM services compliant with global standards but cannot afford the costs [1] of connecting to the three main networks.
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 ...