AppendPay signs MOA with CARD Banking Group as settlement bank

As part of its mission to provide financial inclusivity for all, CARD Banking Group signed a memorandum of agreement (MOA) with AppendPay through a virtual signing ceremony on March 8, 2021......»»

Category: newsSource: samarnews samarnewsJul 22nd, 2021

... as merger of banking units of Ayala Group on track

The planned consolidation between Ayala-led Bank of the Philippine Islands and thrift bank subsidiary BPI Family Savings Bank is on track to be completed early next year as the consent of the bondholders are now being sought......»»

Category: financeSource:  philstarRelated NewsJul 6th, 2021

airasia partners with RCBC Bankard, offers special treat for moms on Mother’s Day

airasia sealed a new strategic partnership with Rizal Commercial Banking Corporation (RCBC) – hailed as the “best digital bank in the Philippines” through its card servicing entity, RCBC Bankard Services Corporation, awarded Best Credit Card Initiative – as the airline’s transformation continues to become Asean’s leading travel and lifestyle platform of choice. The collaboration allows […] The post airasia partners with RCBC Bankard, offers special treat for moms on Mother’s Day appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 7th, 2021

AUB boosts e-wallet service as transactions breach P7 billion

Asia United Bank, the Rebisco Group’s banking arm, is gearing up its digital channels through higher spending on information technology particularly data security and capacity......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2021

Ayala Group to consolidate banking units

The Ayala Group is merging the 169-year old Bank of the Philippine Islands (BPI) and its thrift bank subsidiary BPI Family Savings Banks, resulting in an 8.5 million client base for the merged entity......»»

Category: financeSource:  philstarRelated NewsJan 20th, 2021

Cebuana Lhuillier Rural Bank, UnionPay launch debit card for financially underserved

Cebuana Lhuillier Rural Bank, the banking arm of the Microfinancial Services giant, Cebuana Lhuillier and UnionPay International have teamed up to launch the Cebuana Lhuillier 24K card---a new Debit Card designed to empower unbanked and underbanked consumers in the Philippines to afford financial mobility for their day to day lives......»»

Category: techSource:  thestandardRelated NewsJan 9th, 2021

HPG: Bank employees working with car theft gangs

Some unscrupulous employees of banking institutions are in cahoots with car theft syndicates involved in a “pasalo” scheme wherein a vehicle is purchased through a car loan using fictitious names, the police Highway Patrol Group said yesterday......»»

Category: newsSource:  philstarRelated NewsNov 24th, 2020

CARD RBI opens its first branch under the new normal

To bring its banking products and services closer, CARD MRI Rizal Bank (CARD RBI) opened its 32nd branch in Siniloan, Laguna on July 27, 2020......»»

Category: newsSource:  samarnewsRelated NewsNov 2nd, 2020

FMIC sees slower Q3 economic decline

A slower decline in economic output of not more than five percent can be expected in the third quarter of the year as signs of recovery continue to be seen in the industry sector, said the investment banking arm of the Metrobank Group......»»

Category: financeSource:  philstarRelated NewsOct 19th, 2020

Cooperation, not competition

SPEAKING OUT Ignacio R. Bunye The Ayala Group is widely recognized in the Philippines and in Asia as a pioneer in ESG (Environment, Social, and Governance) with its formal adoption of the Ayala Sustainability Framework. In a recent webcast conversation with ATR Asset Management’s Julian Tarrobago, Jr., Jaime Augusto Zobel de Ayala (JAZA), Chairman and CEO of Ayala, explained the genesis of this corporate philosophy. In a nutshell, this is about using the economic engine and for-profit discipline of enterprises to address social issues – not as a philanthropy but as an integral part of doing business. This is a new philosophy designed to foster an environment where there is inclusive growth. This is achieved by engaging disenfranchised sectors and going beyond just the financials. This is reflected in how Ayala purposively evolved over the years and how it has operated during the crisis. This explains how and why Ayala Land continues to make urban centers more livable and more friendly, why Ayala Land projects aim to become carbon-neutral a few years down the road, why AC Energy continues to improve its mix of energy sources, consistently increasing reliance on renewables, why Ayala has ventured into health and into education, and why BPI has dramatically upsized its microfinance. This explains why during the crisis, Ayala’s first concern was to ensure both the physical and financial well-being of its stakeholders. This includes Ayala’s employees and those of the various eco-systems (read that as 250,000 SMEs) which support Ayala. This meant P10 billion, to date, of foregone revenue, to help in their recovery and fostering sustainable growth beyond the crisis. Finally, JAZA explains why “this is a time for us to learn to cooperate rather than be at odds with each other. Our modern capitalist system is massively integrated in a way that it wasn’t in the past. And because we have an integrated system, we are tied to each other in ways that we either all succeed together, or not. If one component of that system is allowed to fail, then you start to break up what makes modern capitalism so strong. The supply chain, the integration, the way we work off each other, each person providing their own component of the system. If we don’t help each other, particularly in the public-private sector to reenergize and restart that great engine, then we will fail. Perhaps, this is a period in time where cooperation is being demanded more from all of us both in the private sector alone and in the private-public interaction, to see how we can all work together to address the many pain points that we will face as a nation if we are to get out of this pandemic.” Change your passwords often Even prior to the pandemic, incidents of unauthorized ATM withdrawals by third parties have been reported on the rise. It is perhaps opportune to issue this reminder. Essentially, it is about keeping our User IDs and passwords safe. One normally reads this reminder on our bank’s website. This is what the bank usually tells us. The bank will never ask you to provide your User IDs or Passwords through e-mail or SMS so don’t fall for unsolicited messages that your account has been temporarily disconnected and that you have to change your password. Never click on links from suspicious e-mails and SMS. Hackers can gain access to your account, plant malware, and steal your identity. Monitor your accounts regularly and immediately report any discrepancies. If I may just add, don’t ask anybody to withdraw money from the ATM for you. For added protection, you may want to use Code Red, an RFID and NFC Anti-Scanning Card. It is a smart card that provides protection from identity theft by manipulating the radio signals using E-field technology. Simply put it inside your wallet and it will make your personal data invisible to electronic thieves and hackers. (Thanks BPI EVP Mon Jocson for this last tip.) Note: You may wish to share the foregoing article via Facebook, Twitter and/or Linked-In......»»

Category: newsSource: NewsOct 18th, 2020

Philippines& rsquo; first eCommerce Debit Card launched

The Union Bank of the Philippines (UnionBank) and Lazada Philippines launch its newest offer – the UnionBank Lazada Debit Card, the country’s first eCommerce Debit Card. Created with the avid online shopper in mind, this debit card aims to make each online shopping transaction smooth and more rewarding for customers. Powered by UnionBank’s superior digital banking capabilities, customers are also assured of a seamless and secure experience all throughout their eCommerce journey......»»

Category: techSource:  thestandardRelated NewsOct 12th, 2020

Bank depositors told to secure accounts

The Bank Marketing Association of the Philippines, a group of banking institutions which seeks to upgrade the practice of bank marketing in the country, advised the public to always secure their bank accounts amid the rising cybercrime incidents during the current health crisis......»»

Category: financeSource:  thestandardRelated NewsSep 9th, 2020

UnionBank’s ‘PeopleTech’ goes full swing with UBP Xcellerator

Union Bank of the Philippines (UnionBank), the banking and financial services arm of the Aboitiz Group and a known leader in digital banking, is in full speed in “teching up” the country. The bank, which beefing up its investment on technology to digitize processes and ensure fast, secure and seamless delivery of financial services to […] The post UnionBank’s ‘PeopleTech’ goes full swing with UBP Xcellerator appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJul 24th, 2020

PSBank s QR feature available in its mobile app for safer banking

Phlippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, made QR facility available in its Mobile App with the aim to provide another safe and secure way to bank amid the current health crisis situation. .....»»

Category: techSource:  thestandardRelated NewsJul 17th, 2020

Filinvest president says EastWest Bank not for sale

EastWest Banking Corp., the financial unit of Filinvest Development Corp., is not for sale, according to Josephine Gotianun-Yap, the group’s president and chief executive......»»

Category: financeSource:  thestandardRelated NewsJun 24th, 2020

BDO named among top graduate employers in Philippines

BDO Unibank emerged as one of the country’s leading graduate employers. The bank was named the Top Graduate Employer in the Banking and Financial Services Sector and ranked fifth in GradPhilippines’ Top 100 Graduate Employers List in the Philippines......»»

Category: financeSource:  philstarRelated NewsJul 9th, 2021

Merger of BPI, BPI Family Okd

Ayala-led Bank of the Philippine Islands has obtained the approval of the Philippine Deposit Insurance Corp. to pursue its planned merger with thrift banking arm BPI Family Savings Bank......»»

Category: financeSource:  philstarRelated NewsJul 9th, 2021

PNB taps former thrift arm for digital banking venture

Philippine National Bank is tapping its former thrift unit for its venture into digital banking......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2021

PNB [PNB] to convert its subsidiary, PNB Savings Bank, into a full digital bank

In a disclosure late in the trading day, PNB followed-up on its announcement to create a digital banking arm by saying that it would convert a subsidiary, Allied Integrated Holdings, Inc. (AIH), into a digital bank......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2021

Pacquiao amazes Roach in Day 1 of training for Spence fight

By CARLO ANOLIN Manny Pacquiao showed no signs of jetlag when he arrived at Freddie Roach’s Wild Card Boxing Club in Los Angeles, California on Tuesday (July 6) Pacquiao’s training in the Philippines paid off well as the eight-division world boxing champion kicked off Day 1 of his training camp ahead of his mega-bout against […].....»»

Category: newsSource:  tempoRelated NewsJul 7th, 2021

UnionBank& rsquo;s UBX drives financial inclusion thru region& rsquo;s most revolutionary open finance platform

In 2018, Union Bank of the Philippines, recognized as a trailblazer with first-in-industry digital solutions that continue to revolutionize banking, incorporated fintech subsidiary UBX as part of its continuing digital transformation journey to harness emerging technologies while innovating on open, embedded finance and digital platforms. .....»»

Category: techSource:  thestandardRelated NewsJul 6th, 2021