Below are the Frequently Asked Questions (FAQs) in relation to the discontinuance of BOL and IPG Services
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Why are BancNetOnline (BOL)[1] and Internet Payment Gateway (IPG)[2] being discontinued?
As part of BancNet’s strategic direction, the decision has been made to discontinue all Value Added Services starting July 1, 2024 except for eGov Service[3] and BIR Tax Payments Service[4].
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Who are affected with the discontinuation of the BOL and IPG services of BancNet?
This will affect the bank clients who rely on the Internet Payment Gateway (IPG) and BancNetOnline (BOL) for various banking transactions, such as balance inquiry, bills payment and fund transfers, as well as government payments (e.g. LTO, BFAD, Bureau of Customs, DTI, etc). Furthermore, bank clients who are using their ATM cards to make online purchases from BancNet-accredited merchants.
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Will there be any changes to the existing accounts or ATM cards due to the discontinuation?
There will be no changes to your existing accounts or ATM cards as a result of the discontinuation of BancNetOnline and Internet Payment Gateway. Your accounts and ATM cards will remain active for other banking transactions provided by your bank.
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What will happen to PBCOM Debit/Cash Card holders for these discontinued BancNet’s facilities?
PBCOM Debit/Cash cardholders will lose access to BancNetOnline (BOL) for balance inquiries, bill payments, and fund transfers. Additionally, you will no longer be able to make online payments through Internet Payment Gateway for electronic shopping and government payments.
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What alternative services are available for conducting online transactions?
PBCOM ATM cardholders can still conduct online bill payments through PBCOM's digital channels, such as POP Personal, POP Business, and PBCOMobile. Additionally, they can continue making online payments to merchants accredited under MasterCard since our card is also affiliated with the MasterCard International Card Network.
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Can our PBCOM Corporate Clients holding virtual cards still make payments online on government agencies?
PBCOM virtual cards remain eligible for BancNet’s eGOV and BIR Tax Payment Gateway after enrollment/registration. However, following the discontinuation of BancNet’s Internet Payment Gateway (IPG), these virtual cards cannot be used for online payments directly through the websites of certain government agencies accredited as BancNet’s online merchants.
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How will this change affect BancNet Online merchants, particularly government agencies that accept BancNet ATM cards for online payment?
All BancNet’s accredited online merchants, including government agencies, will no longer be able to accept and process online payments via BancNet card network starting July 1, 2024.
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What will happen to the information registered in BancNetOnline (BOL) after its discontinuance?
BancNet will delete the recorded data from the database and the server will be formatted.
