The partnership is meant to bring efficiencies of speed and scale to automate billing, and settlement for all switched transactions among participants, and to provide BancNet’s members with an efficient dispute platform facility.
BancNet is a consortium of 124 members comprising banks, cooperatives, electronic money issuers, affiliate switch networks and independent ATM deployers in the Philippines. A full stack offering, the Business Support Suite offers critical operations, such as Partner Management, Fees Computation, Partner Settlement, Billing and Dispute Management, for an array of transactions, onto a single platform.
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