Accep%ng E-Commerce Payments Online with BancNet Jane<e Toral DigitalFilipino.com Disclaimer • All text and images used in this presentaon material were liDed from the various Internet Payment Service Provider (IPSP) websites. • Sources are acknowledged for proper reference and reader verificaon. • It is meant for educaonal purposes only. No copyright infringement is intended. • An IPSP who wants to be removed or would like to give updated informaon can email Jane<e Toral at digitalfi[email protected] (Message her on Facebook once sent at h<p://facebook.com/digitalfilipino) BancNet BancNet Online Shopping Member Banks • Allied Bank • PBCom • Allied Savings Bank • Philippine Business Bank • Asia United Bank • Philippine Naonal Bank • Bank of Commerce • Philtrust Postal Bank • China Bank • PSBank • Chinatrust Bank • QCRB • Citystate Savings Bank • RCBC • Eastwest Bank • RCBC Savings • Equicom Savings • Robinsons Savings Bank • Green Bank of Caraga • Security Bank • Malayan Bank • Standard Chartered Bank • Maybank Philippines • Sterling Bank • Metrobank • TongYang Bank hps://www.bancnetonline.com/BancnetWeb/goToOnlineShoppingPage.do BancNet Internet Payment Gateway hps://www.bancnetonline.com/ BancnetWeb/ goToOnlineShoppingMerchantPage.do BancNet requirements for accreditaon • DOCUMENTARY REQUIREMENTS: – Properly signed-up Merchant Info Sheet. – Signed and notarized Memorandum of Agreement. – Corporaon: • copy of SEC Registraon and BIR Form 1901 or Audited Financial Statement (first 5 pages) – Single Proprietor: • BIR Form 1901 and Mayor's Permit hps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccreditaonOnlinePage.do BancNet Criteria for Accreditaon • CRITERIA: – Merchant must show gross sales of PHP250,000/ month (cash/ card sales) Merchant should be willing to pay the commission or merchant discount rate. • Risk criteria – High Risk Business Model: • BancNet will not allow connec%ng to the BancNetOnline Internet Payment Gateway. – Medium Risk Business Model: • BancNet will review the specific business model and poten%al threats on a case to case basis and will require compensang controls to become acceptable for connec%on to the BancNet Online Payment Gateway. – Low Risk Business Model: • BancNet will allow for interconnec%on with the BancNetOnline Internet Payment Gateway. hps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccreditaonOnlinePage.do BancNet Risk Criteria • Iden%ficaon of e-merchant / sub-merchant • Iden%ficaon of customer • Secured fulfillment / delivery • Financial hps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccreditaonOnlinePage.do BancNet Risk Criteria Risk groups High risk Medium risk Low risk Iden%ficaon of Unclear business Clear company Exis%ng and stable Merchant/ model. Allows for documentaon Business Model Sub-Merchant transfer to other (Bills/Invoice nego%able Presentment). instruments. No No sub-merchant/ clear company company. registraon and iden%ficaon process. Iden%ficaon of Anonymous & Non-repudiaon Non-repudiaon Customer Electronic only (i.e. physical (i.e. physical registraon & registraon & documentaon) documentaon) hps://www.bancnetonline.com/BancnetWeb/pages/PDF/EMerchantInfoPage.jsp BancNet Risk Criteria Risk groups High risk Medium risk Low risk Fulfillment / Electronic Electronic Physical Delivery Fulfillment, Fulfillment, Fulfillment / Instantaneous and Non-Instantaneous Reversible Irreversible transac%on transac%on Financial Incomplete Start-up company Top 5000 Philippine Financial or Corporaons / Corporate Company. Financial documents OR documents Company Financials support healthy indicate liquidity or financial liquidity stability and stability concerns Example Mobile phone Prepaid Internet B2B companies, air%me loads Access, Schools, Ulies, Auc%on sites Club Memberships hps://www.bancnetonline.com/BancnetWeb/pages/PDF/EMerchantInfoPage.jsp Prohibited goods and services • Anything illegal under exis%ng laws and Philippines Cons%tu%on. • Infringes on any patent, trademark, trade secret, copyright, or other proprietary right of any party, including, but not limited to, the unauthorized copying and pos%ng of trademarks, pictures, logos, soDware, ar%cles, musical works and videos; • Offers fraudulent goods, services, schemes, or promo%ons that promises and promotes get-rich-quick schemes through chain le<ers, pyramid or ponzi schemes, matrix programs, and certain mul%-level marke%ng programs; hps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccreditaonOnlinePage.do BancNet Goods / Services subject to review / pre-approval • Electronic wallets (i.e., “e-wallets”) or any similar payment type; • Gambling or lo<ery type services such as online or offline casino games, sports beng, horse or greyhound racing, lo<ery %ckets, games of skill, and other services that facilitate gambling; • Donaon collec%ons for charity and non-profit organizaon; • Sale of stored value cards for telecommunicaons (i.e. Internaonal Call cards, Call & SMS cards, ISP Internet cards, etc.) and online gaming purposes; and • Direct Marke%ng and Mul%-level marke%ng products and services hps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccreditaonOnlinePage.do References • h<ps://www.bancnetonline.com/ BancnetWeb/pages/PDF/ EMerchantInfoPage.jsp • h<ps://www.bancnetonline.com/ BancnetWeb/goToOnlineShoppingPage.do • h<ps://www.bancnetonline.com/ BancnetWeb/ goToRequirementsForAccreditaonOnlinePag e.do .