Encash Network Service
Encyclopedia
Encash Network Services, or ENS, is an independent switch network that initially connected the ATMs of four rural banks in the Philippines. In its 30 months of operation as of May 2010, this network has eventually expanded to more than 101, with the main objective of including all rural banks and cooperatives in the Philippines. ENS is a member of MegaLink
which is interconnected with the other Philippine interbank networks, ie., BancNet
and Expressnet
.
ENS is expected to provide a low-cost solution for banks and cooperatives who wish to implement ATM services compliant with global standards but cannot afford the costs of connecting to any of the three main networks. It could also be the first 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 operates a switch-in-front architecture, connected to appropriate transaction authorization entities. These will include Member Bank CA/SA systems, electronic money/wallet systems, VISA
or Mastercard
when available. The switch network is geared toward accepting transactions using other front-end devices, e.g., POS. ENS ATMs will be stationed more appropriately at points where commercial banks have minimal presence. Thus, ENS presents both rural and commercial bank ATM cardholders with the convenience of having more access to ATMs in more locations all over the country.
On June 8, 2010, successful ATM withdrawal transactions for the year hit the one million mark, while ENCASH ATMs dispensed more than Php 3 Billion throughout the countryside.
ENS launched the ATM portion of its interbank network on November 16, 2007 and plans to implement an EFTPOS network as well.
MegaLink
MegaLink is an interbank network connecting the ATM networks of nineteen* members in the Philippines with a total of more than 2,921* ATMs nationwide and handling more than 795,000* transactions a day...
which is interconnected with the other Philippine interbank networks, ie., BancNet
BancNet
Bancnet, Inc. is a Philippine-based interbank network connecting the ATM networks of more than forty local banks. It is considered the largest interbank network in the Philippines in terms of the number of member banks and annual transactions...
and Expressnet
Expressnet
Expressnet is an interbank network connecting the ATM networks of seven major banks in the Philippines. It is the second-largest ATM network in terms of number of ATMs and the smallest in terms of customers and number of member banks...
.
ENS is expected to provide a low-cost solution for banks and cooperatives who wish to implement ATM services compliant with global standards but cannot afford the costs of connecting to any of the three main networks. It could also be the first 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 operates a switch-in-front architecture, connected to appropriate transaction authorization entities. These will include Member Bank CA/SA systems, electronic money/wallet systems, VISA
Visa
Visa or VISA may refer to:* Visa , a document issued by a country's government allowing the holder to enter or to leave that country...
or Mastercard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
when available. The switch network is geared toward accepting transactions using other front-end devices, e.g., POS. ENS ATMs will be stationed more appropriately at points where commercial banks have minimal presence. Thus, ENS presents both rural and commercial bank ATM cardholders with the convenience of having more access to ATMs in more locations all over the country.
On June 8, 2010, successful ATM withdrawal transactions for the year hit the one million mark, while ENCASH ATMs dispensed more than Php 3 Billion throughout the countryside.
ENS launched the ATM portion of its interbank network on November 16, 2007 and plans to implement an EFTPOS network as well.
Members
The following is a partial list of ENS members:- 1st Valley Bank1st Valley Bank1st Valley Bank is a rural bank in the Philippines, based in Baroy, Lanao del Norte and servicing various areas in Mindanao, specifically the provinces of Lanao del Norte, Lanao del Sur, Misamis Occidental, Misamis Oriental, Bukidnon, Zamboanga del Norte, Zamboanga del Sur and Zamboanga Sibugay.The...
- 1st TRuBank
- Banco Batangan, Inc.
- Banco Santiago de Libon
- Bangko Kabayan, Inc.
- Bangko Luzon
- Bangko Nuestra Senora del Pilar
- Bangko Pangasinan
- Bank of FloridaBank of FloridaBank of Florida had three wholly owned banking subsidiaries located in Florida. Bank of Florida Corporation operated as a holding company for Bank of Florida Southwest, Bank of Florida Southeast and Bank of Florida Tampa that provided commercial and consumer banking services in Florida...
- BHF Rural Bank
- Bukidnon Cooperative Bank
- Cantilan Bank
- Cebu People's Cooperative
- Cebuana Lhuillier Rural Bank
- Century Rural Bank of Samal
- Classic Rural Bank
- Community Bank (Rural Bank of Alfonso)
- Cooperative Bank of Cavite
- Cooperative Bank of Bohol
- Country Rural Bank of Taguig, Inc.
- Diocese of Libmanan
- Dumanjug, MPC
- Enterprise Bank, Inc.
- Euro Credit Community Bank, Inc.
- First Community Bank, Inc.
- First Consolidated Cooperative
- First Midland Rural Bank
- First United Farmers Rural Bank
- FCCT Cooperative
- First Provincial Bank
- Gata Daku Multi-Purpose Cooperative
- GM Bank, Inc.
- Guimaras Multi-Purpose Cooperative
- Immanuel Partners, MPC
- Janiuay Rural Bank, Inc.
- Key Rural Bank, Inc.
- Maranding Women Investors Multi-purpose Cooperative
- Mayaposi Small Farmers MPC
- Microsavers Bank
- MoneyMall Rural Bank
- Municipal Rural Bank of Nabua
- Municipality of Tagudin
- Norala Vendors Employee Farmers Coop.
- Omniprime Marketing, Inc.
- Rural Bank of Abucay, Inc.
- Rural Bank of Bannawag
- Rural Bank of Barili
- Rural Bank of Barotac Viejo
- Rural Bank of Cabugao
- Rural Bank of Calasiao, Inc.
- Rural Bank of Capalonga, Inc.
- Rural Bank of Cauayan, Inc.
- Rural Bank of Central Pangasinan
- Rural Bank of Cordon
- Rural Bank of Dumangas
- Rural Bank of Dupax
- Rural Bank of Guimbal
- Rural Bank of Hinigaran
- Rural Bank of Ibajay
- Rural Bank of Ilog
- Rural Bank of Jaen, Inc.
- Rural Bank of Jose Panganiban
- Rural Bank of Kalumpit, Inc.
- Rural Bank of Labrador
- Rural Bank of La Paz
- Rural Bank of Leganes
- Rural Bank of Mabitac
- Rural Bank of Magdalena
- Rural Bank of Majayjay
- Rural Bank of Mambusao
- Rural Bank of Mangaldan, Inc.
- Rural Bank of Naguilian, Inc.
- Rural Bank of Oton
- Rural Bank of Paete
- Rural Bank of Pagbilao
- Rural Bank of Pangil
- Rural Bank of Pasacao, Inc.
- Rural Bank of Pavia
- Rural Bank of Pilar, Inc.
- Rural Bank of Puerto Galera
- Rural Bank of Ragay
- Rural Bank of Rosario, Inc.
- Rural Bank of Sagada, Inc.
- Rural Bank of San Enrique
- Rural Bank of San Fabian
- Rural Bank of San Miguel, Inc.
- Rural Bank of San Rafael, Inc.
- Rural Bank of Sasmuan, Inc.
- Rural Bank of Talisayan
- Rural Bank of Victoria
- San Isidro Parish MPC
- Sasmuan Rural Bank
- Tiaong Rural Bank, Inc.
- Unity BankUnity BankThe Unity Bank of Canada was a small Canadian bank that was started in the 1972, and was bought by the Provincial Bank of Canada/Banque provinciale du Canada in 1978.See also: List of Canadian banks...
- Valiant Bank