BANCNET MEMBERS LAUNCH NEW BANKING AND ELECTRONIC PAYMENT PRODUCTS

With the changing lifestyle of the Filipinos—preferring the convenience of e-payments when possible, BancNet members quickly expanded their list of services to make the lives of their customers easier, better, and simply more fun. This section enumerates some of the newest innovations that were launched in the past year that has truly changed the way people move their money.

KAYA Payment Platform brings digital banking to NATCCO

Co-ops are bringing formal financial services and digital transactions in the countryside through the Pinoy Coop ATM and KAYA Payment Platform.

With the KAYA Payment Platform, co-op members can transact using their smartphones, as well as at the KAYA co-op branches. The transactions include deposits, withdrawals, fund transfers, bill payments, bulk disbursements and cellphone loading. The KAYA mobile app can be downloaded from the Google Play Store.

There are now 60 co-ops, or 120 branches, all over the country that have adopted the KAYA Payment Platform, which went live July 2017. The KAYA Payment Platform is especially advantageous in the Philippines, which is an archipelago. There are instances when co-op members have to sail inter-island or cross rivers just to transact with their co-op. Kaya saves them the trouble.

BTI brings ATM to the digital age

BTI Payments is a technology enabler providing money in and money out access to the underserviced population in the Philippines. Among the range of services it offers include carded and cardless withdrawals, bills payment, and airtime and emoney wallet top-up. Building a platform of financial hubs to reach a broader market of thriv- ing communities with inadequate and inefficient access to cash and payments.

BTI Payments is soon to launch its new ATMPLUS product, a multi-function ATM that combines traditional ATM ‘cash-out’ with a growing range of new money in and money out services.

With a combined experience in payments and devices, BTI has developed a fully integrated ATM and kiosk solution that will revolutionize the self-service market.

BDO Lock/Unlock

BDO Unibank has found ways to give you peace of mind and give you—and only you—control of your own BDO Debit Card while you sleep blissfully through the night.

Locking your BDO Debit Card will only prevent card-based transactions. Thus, you can continue to perform many transactions through BDO Online, Mobile, and Phone Banking. The Lock/Unlock security feature is just one of the several benefits of using BDO Online Banking.

Using BDO Debit Card's Lock/Unlock Feature, cardholders can prevent their BDO Debit Card (including Kabayan Savings and Junior Savers) from being used for transactions at Automated Teller Machines, point of sale terminals, and for online purchases and payments.

There is also no limit on the number of times you can lock/unlock your BDO ATM Debit Card.

Maxbank introduces Avatar @ Branch

Self-service terminals present a distinctive solution that allows banks to issue cards in an effortless way, paving the way for a more expansive market potential. It increases bank credibility and improves customer acquisition and retention. It offers a great deal of convenience to customers, increased revenue opportunities and lower operational costs to banks.

The Avatar solution enables management of customer registration to issue personalized payment card in an easy and an efficient way. It is a straightforward self service terminal that allows customers to pick their card and set the pin, with complete flexibility of collecting them either at the banks or at stand-alone digital centers.

The solution seamlessly in- tegrates the functions of program setup and card issuance management, third party management, pin management, welcome kit management and deliverables management. It permits capture of user photograph , performs user authentication and facilitates KYC verification.

BPI enhances digital banking experience

BPI aims to enhance the overall client experience with the new BPI Online and Mobile App (currently on Beta) which promise to deliver a minimalist and intuitive design, as well as enhanced security measures, and exciting new features.

Soon, clients who do not want to reveal their account numbers may use a QR code instead. With BPI Online or Mobile App’s QR Code generator, each enrolled account can have a QR code equivalent which can be sent to people who need to transfer money to that account.

Funds Transfer to 3rd Party, one of the popular mobile app features, is also getting an upgrade. This will allow clients to transfer money to any BPI account using a QR Code instead of typing the account number. Simply scan the QR code or get it from your gallery of photos. This helps avoid erroneous money transfers.

Cardless ATMwithdrawals now possible with Citi

Citibank, the country’s leading global bank, continues to pursue innovation in order to enhance the banking experience of its customers. Cardless ATM withdrawals from debit accounts are now possible in all Citibank ATMs.

Cardholders won’t have to visit and withdraw over-thecounter when they forget to bring their Citibank Debit Cards. With the cardless cash withdrawal facility, they may simply set up a cardless cash withdrawal in Citibank Online or Citi Mobile App, with a OneTime PIN (OTP) sent via SMS.

They can then proceed to the nearest Citibank ATM—as if they have their physical card with them—where they will receive a second OTP which they would need to input before they get the cash. This new feature of Citibank ATMs is free of charge and can also minimize fraud and ATM skimming.

Sterling Bank of Asia becomes more personal

Sterling Bank Online is Sterling Bank of Asia’s proprietary internet banking facility, an electronic banking service, that allows its individual clients to obtain account information and manage certain banking transaction on the internet via the bank’s website.

In addition to the username and password, a One-TimePassword (OTP) is required prior to any financial transaction making it more secure (e.g. bills payment, fund transfer). It is accessible either through a webbased or mobile-app platform.

With Sterling Bank Online, customers can address their banking needs with ease, anytime, anywhere. They can manage their funds, track transactions, pay bills, and more, through seamless and secure online and mobile banking.

UnionBank Online is banking anytime, anywhere

UnionBank Online is the online and mobile banking platform of UnionBank. Launched in August 2017, UnionBank Online enables customers to quickly and securely do basic banking needs such as paying bills, transferring money, viewing account balances; along with nontraditional banking features such as social payments.

UnionBank Online allows users to send money to any local bank without having to enroll the recipient’s bank account number. The app also allows clients to send payment requests to any UnionBank Online user without prior enrollment or knowledge of account numbers (they just need the mobile number of the person that they are requesting payment from).

Users can also use the app to schedule their over-the-counter branch transactions before their visit to The Ark by UnionBank, the Philippines’ first fully digital bank.