megalinks expert software applications mindomo

#Megalinks expert software applications mindomo plus#

2003 MegaLink launched Electronic Settlement with Bangko Sentral ng Pilipinas and becomes the first non-bank to participate in BSP's PhilPass.

2002 MegaLink launched the Exposure Limit Management System (MELMS) to manage inter-bank settlement risks.2000 MegaLink successfully migrated through Y2K.1998 MegaLink activated the Automated Reconciliation and Settlement System as well as MIS with Transaction Query system to its members.1997 MegaLink interconnected with Expressnet for ATM transactions.1996 MegaLink hosted the 1st Philippine Electronic Banking Conference and Exhibition attended by over 300 participants from the industry.

#Megalinks expert software applications mindomo plus#

1995 With its belief of universal sharing, MegaLink forged an alliance with BancNet for ATM transactions, and links up with Visa's Plus and Mastercard's Cirrus networks through Equitable Bank for international transactions.1994 MegaLink introduced telephone banking (Phonelink) as the world's first consortium-based phone banking facility.MegaLink also received the prestigious Asian Institute of Management Award for Information Technology Management and becomes the only ATM network to gain the distinction. 1993 MegaLink launched the Debit Bills Payment over the ATM, as well as purchases via POS terminals.1992 The founding banks of ATM Bersama, an Indonesian interbank network, turn to MegaLink's expertise as their model for a shared services network which eventually led to a partnership.1990 MegaLink became the first shared operational ATM network in the Philippines.MegaLink is the first Philippine consortium to link with both BancNet and Expressnet. MegaLink was launched on March 19, 1990, with shared resources of 88 ATMs, a base of 130,000 cardholders, and an average of 200 transactions a day. MegaLink was formed in September 1989 by Equitable Banking Corporation (now merged with Banco de Oro), Far East Bank and Trust Company (now part of BPI), Philippine National Bank (currently a BancNet member since Allied Bank merger was completed in 2013 as its surviving brand) and United Coconut Planters Bank, with its fundamental belief in universal sharing, it became the first operational shared ATM network in the Philippines. This article may need to be rewritten to comply with Wikipedia's quality standards, as History. BDO Unibank, an original MegaLink member bank, retains the use of MegaLink nomenclature and design in its software despite its mandated transfer to BancNet. History Interface of a BDO Unibank ATM in Bacoor, Philippines. įollowing the repurposing, MegaLink and its assets were sold to Japanese conglomerate Hitachi, of which it is now a subsidiary of the latter. MegaLink now lists itself as a BancNet member, under the independent ATM deployer category. BancNet would be the sole surviving entity, while MegaLink would be re-purposed. MegaLink was also known for its belief in universal sharing with the motto of 'The Card for All.' īy late January 2015, MegaLink and BancNet announced their merger. MegaLink was the largest interbank network in the Philippines with 13.1 million cardholders. From its establishment in 1989 until 2015, it pioneered the interconnectivity of several banks in the country by way of being the first interbank network with different banks as its members.Īt the planned re-purposing and decommissioning, it had a total of more than 2,921 automated teller machines nationwide and handled more than 795,000 transactions a day. MegaLink (also spelled Megalink) is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for automatic teller machine networks and point of sale systems of banks in the country. ( Learn how and when to remove this template message)Ĩ members with 3,413 ATMs across the Philippines JSTOR ( March 2021) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed.

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