Bancnet

Bancnet is considered to be the first and is now, the largest Automated Teller Machine (ATM) Consortium in the Philippines. It is the first multi-bank, multi-channel electronic payment network in the country. Bancnet enables its customers to transact, not only at any ATM anywhere, anytime, but also through Point-Of-Sale (P.O.S.), the Internet or through the use of mobile phones. Aside from the traditional cash withdrawal service at the ATM, Bancnet also provides a wide range of services through different channels, such as balance inquiry, checkbook re-order, statement request, interbank fund transfer, payment of bills, prepaid phone and Internet reloading, payment of purchases by direct debit to account, and remittance of taxes, Philheatlh and Social Security System contribution and loan repayments. Through interconnection with other ATM consortia in the country (Expressnet & Megalink) and International ATM & P.O.S. networks (Diners Club, Discover Card, JCB, MasterCard, Union Pay and VISA), Bancnet provides cardholders not only the widest nationwide access to their accounts but worldwide convenience as well.

During our visit last April 5, 2013 we were fortunate enough to listen to Bancnet leaders. The company has Core Values abbreviated as ExCI^2Te which stands for Excellence, Concern for the Individual, Integrity, Innovation and Teamwork. Having these core values embedded to your employees will definitely give you more productivity and competitive advantage. During the talk, I was very amazed on how Bancnet evolved or as they say, Innovation never ends. From an ATM consortium they partnered with multi-national companies, acquired IT infrastructures, provided leading technologies to various organizations and supported different sectors of our government. Their network truly expanded throughout the years. Despite this, if we really look at it the company is not that huge. When the speaker asked us to guess their number of employees all of us expected it to be in hundreds or even thousands. We were very surprised when they said they were only 55. I guess numbers are not the only basis for success. What is really important is the quality of service your company gives to the customers.

The class while waiting for the talk

The Speakers with Ms. Abesamis

ATM for Testing

Play Money

98M Account Balance :>

The class

JP Morgan Chase & Co.

JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.2 trillion that has been in operation for more than 200 years. With 220,000 employees in more than 60 countries including the Philippines, the firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.

JPMorgan Chase & Co. began operations in the Philippines in 1961 with a representative office. Since then our firm has expanded its presence into a fully integrated franchise in the Philippines, including Investment Banking and Treasury and Securities Services.

Last March 26, 2013 our class went to JP Morgan Chase  & Co at Bonifacio Global City, Taguig for another IT-Expo class.  Looking at the company and its environment I can say that it is one of the prestigous multi-national company in the country. The office building  is very big with about 23 floors and the formal environment is very motivating. The security is also very tight, for taking pictures is strictly prohibitted and our bags were carefully inspected. When it comes to their company culture, I can see that they were very kind to accommodate us despite their hectic business agendas. Different people from different departments gave us a talk about their company (Around 6 people). We also toured around their offices and we have discovered that they really put investment in terms of technology. Such as the case wherein there is this conference room wherein there are big screens setup and installed that enables different teams to communicate with the other office located in Cebu.

Breathtaking view from JP Morgan Chase & Co.