Encash Network Service

Template:Future product Encash Network Services, or ENS, is a planned interbank network that would connect the ATMs of four rural banks in the Philippines, eventually aiming to expand to include all rural banks in the Philippines. Its main competitor is likely to be Nationlink, which caters to the same clientele. Like Nationlink, ENS also plans to connect with the three main Philippine interbank networks, which are BancNet, Expressnet and MegaLink.

ENS is expected to provide a low-cost solution for banks who wish to utilize ATMs but cannot afford the costs of connecting to any of the three main networks. It could also be the first interbank network in the Philippines to fully adopt EMV technology on all its ATM cards, although the regular magnetic stripe cards are also an option for the network.

ENS will operate a switch-in-front architecture, connected to appropriate transaction authorization entities. These will include Member Bank CA/SA systems, SMART MONEY / Padala systems, VISA or Mastercard when available, POS or any other applicable setup. ENS ATMs will be stationed more appropriately at points where commercial banks have minimal presence. Thus, ENS present both rural and commercial bank ATM cardholders with the convenience of having more access to Automated Teller Machines in more locations all over the country.

ENS plans to implement an EFTPOS network. The ATM portion of ENS is set for launch by the fourth quarter of 2006.

Members

When the Encash Network Service is launched, the following banks are expected to be its first members:

• Banco San Juan
• Bangko Luzon
• Bank of Florida
• GM Bank

See also

• ATM usage fees

External links

• Philippine Daily Inquirer article on the launch of the Encash Network Service

Philippine interbank networks
BancNet | ENS | Nationlink
Defunct: Expressnet | MegaLink |