Electronic banking and payment network BancNet has achieved a significant milestone, securing certification for the latest version of the Payment Card Industry Data Security Standard (PCI DSS v4.0.1) for the tenth consecutive year. This standard represents one of the highest data security...
BancNet Inc. has reelected Nestor V. Tan as Chairman of the Board and Fabian S. Dee as President for the 2025-2026 term, signaling continuity in its leadership as the electronic banking consortium reported robust operational and financial growth in 2024. Tan, who also serves as president and CEO of...
Inter-bank network BancNet's switched transactions soared to over two billion last year, reflecting a 41 percent increase driven by the continued popularity of digital fund transfers and payments. According to BancNet, the electronic payments network processed a total of 2.37 billion switched...
Electronic banking and payment network BancNet recently achieved a significant milestone by successfully passing the latest version of the Payment Card Industry Data Security Standard (PCI DSS v4.0), one of the highest data security standards in the financial sector. After undergoing rigorous...
BancNet Inc., an electronic banking consortium, has strengthened its cybersecurity protocols in response to the growing reliance of the banking industry on technology to elevate operational efficiency, combat fraud, and enhance customer satisfaction. In a statement, Fabian S. Dee, President of...
This question kept playing on my mind as I read the simple but elegantly composed invite of Arvin “Binoy” Panes, a former colleague who turned his back covering the banking and finance beat way back in the ‘90s to pick up the pieces of his medical profession and ventured as a registered nurse...
The shareholders of electronic banking consortium, BancNet, Inc. elected the company’s Board of directors during their annual stockholders’ meeting held May 23, 2023. At the Board’s organizational meeting that followed, Nestor V. Tan and Fabian S. Dee were given a fresh mandate to lead the...
One hundred fifty indigents from Isla Puting Bato Tondo, Manila receive early Christmas gifts from the Philippine Red Cross (PRC) and BancNet. Courtesy of Philippine Red Cross Grocery items and food packs including pansit, chicken, and rice were distributed to the individuals in a gift-giving...
Nestor V. Tan, Bancnet Chairman of the Board. Nestor V. Tan and Fabian S. Dee have been given a fresh mandate to lead electronic banking consortium BancNet as chairman of the Board and president, respectively. During their annual meeting held Thursday, June 9, BancNet shareholders elected the...
The local banking industry implemented a new system of charging fees for ATMs which started yesterday, April 7, 2021. Currently, there are close to 22,000 ATMs nationwide that are used by over 77 million cardholders. These ATMs are interconnected so cardholders of a bank can transact at ATMs of...
