Bancnet and Expressnet Link-up

pic26431It was once featured in Deuts Top Stories the link-up between the two ATM networks, namely; Bancnet and Expressnet.

universal_accessThe interconnection between the two networks has been in the news (broken link, thanks to inconsistent Manila Times online) since June 21, 2006, yet I didn’t have the opportunity to try to withdraw in any expressnet affiliated banks (e.g., BPI, BDO, HSBC, Landbank) until yesterday.

Since 1993, there has been an alliance between Bancnet and Megalink, while Megalink made an alliance with Expressnet in 1997. Transactions made between these interconnected netwoks are charged with service fees that vary between PhP2.50 to PhP12.00 (depending on the bank) against the ATM cardholders. Transactions, however, between Bancnet and Expressnet were used to be charged US$3.50 service fee per transaction. Metrobank E.T. cardholders, especially, were explicitly warned about these charges. You’ll find these warnings posted in Metrobank ATM booths.

Continue reading “Bancnet and Expressnet Link-up”

HSBC Security Device

HSBC Security DeviceI received my security device just yesterday. I tested the device at online@hsbc and so far it seems to be working, except for some returned error by the website.

The device and the procedure to be employed by HSBC to secure the access of customers over their accounts at HSBC over the internet, to me, is innovative. This will definitely put HSBC Continue reading “HSBC Security Device”