Brokat’s PaymentWorks software and Fujitsu Philippines, Inc. solutions will give BancNet the ability to consolidate and act as a ‘One-Stop’ Internet payment gateway for anyone requiring a convenient, reliable and secure channel for handling financial services.

Using BancNet’s existing ATM/POS switch and Network Security infrastructure, Brokat and FPI will install the Multi-Channel Payment Gateway to provide BancNet with the ability to consolidate and act as the channel to provide payment capability via the Internet or the mobile phone to its member institutions, affiliates and customers.

Our partnership with Fujitsu Philippines, Inc. to provide such multi-channel payment solutions for BancNet’s vast user base underscores our commitment to Asia and our confidence in providing successful solutions to help our customers succeed in today’s competitive business space, said Joan Yap, Managing Director for Brokat Asia.

In fact, Brokat has also secured similar partnerships with Vodafone to provide a mobile payment solution for over 85 million subscribers worldwide and with T-motion to provide a Pan-European mobile payment service, added Yap.

BancNet has identified Brokat’s software technologies to support this project because of its PaymentWorks multi-channel payment platform that enables secure, real-time transactions across multiple channels such as the mobile phone, Personal Digital Assistants and the Internet. Brokat’s software solutions are scalable and also integrate seamlessly into BancNet’s existing environment.

Reiterating BancNet’s confidence in its partners, Aristeo P. Zafra, Jr, BancNet’s SVP and COO explains, Both Brokat and FPI have always come up with cost-effective technology solutions. FPI is consistently at the forefront of technology and continuously adopts new solutions and technologies, such as in the case of Brokat’s software technologies, to cope with the evolving IT needs. We are indeed pleased with this partnership.

There is no ATM consortium that provides a real, honest-to-goodness and efficient Internet payment system, says Felipe R. Manalang, President for FPI.

We are pleased that BancNet is impressed with our Multi-Channel Payment Gateway proposal as well as our track record in systems integration, and have chosen us over the other competent solutions providers. With projects like this, we aim to carve a deeper niche in the IT industry and to meet the business goals of other large financial institutions, he added.

Under the Multi-Channel Payment Gateway project, BancNet can authorize, process and manage debt and credit card transactions online in real-time and in a secured environment. This project caters to all types of users:

Direct UsersInternet users will be able to use BancNet’s Web Payment Portal and execute payment transactions through the web browser easily and securely.

Merchantsregistered merchant partners will be able to sell their goods and services and collect customers’ payments over a variety of delivery channels, even future delivery channels that may be developed.

Internet or EDI Service Providersregistered affiliates can perform payment transactions electronically among themselves through the gateway, as well as perform basic banking functions like balance inquiry, funds transfer, bills payment and reload prepaid cards over BancNet’s web site.

Billing partnersregistered billing partners will be able to collect payments from their customers made through a variety of delivery channels.

About Fujitsu Philippines, Inc. (FPI)

In 1975, Fujitsu Limited put up a joint venture company, which eventually was renamed to Fujitsu Philippines Inc. (FPI). The company has grown beyond its original mission of promoting, selling and supporting the Fujitsu-branded computer hardware line. Today, FPI is a one-stop information technology provider, a brand-independent systems integrator and solutions vendor offering computers, communications, software and services. With over 900 IT professionals spread across three wholly-owned subsidiaries, the FPI Group of companies is uniquely positioned to design, integrate, implement and support technology solutions for the large enterprises and government agencies in the Philippines.