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  • Digitalization of Banking Services

    RBAP 60th Charter Anniversary Symposium 23-24 October 2017 | Manila Hotel, Rizal Park, Manila

  • Retail Payment Options

    Cash Check

    Electronic Delivery Channels

  • RATIONALE AND OPPORTUNITIES

    National Retail Payment System (NRPS)

  • Purchase of Goods

    Payment of Fare

    Bank Service - Deposits - Loans - Bills Pay - Payroll - Investment - Others

    Utility Bills Payment

    Payment of School Fees

    Payment of Taxes and Licenses

    ACCREDITE D REMCO

    OUTLET

    Remittance/ Payroll

    Person-to- Person

    Transfer

    NRPS Vision

    http://www.google.com.ph/imgres?imgurl=http://fineartamerica.com/images-medium/caribbean-market-day-karin-best.jpg&imgrefurl=http://fineartamerica.com/featured/caribbean-market-day-karin-best.html&h=700&w=534&sz=95&tbnid=z8T2KEiPgyjzSM:&tbnh=257&tbnw=196&prev=/images?q=image+of+market+vendor&zoom=1&q=image+of+market+vendor&hl=en&usg=__FiC3R6l42P1rE5Nkx4XTRxRLFM4=&sa=X&ei=nzV0TeTWIo_JcfDO0fgC&ved=0CB0Q9QEwAg http://images.google.com.ph/imgres?imgurl=http://www.pes.org.ph/faea/images/logo_mw.gif&imgrefurl=http://www.pes.org.ph/faea/organizers.php&usg=__04jEJWodJI9oDOiL63gVcrEZCls=&h=67&w=128&sz=6&hl=en&start=1&um=1&tbnid=b3Z5Lvm71zw53M:&tbnh=48&tbnw=91&prev=/images?q=manila+water+logo&hl=en&cr=countryPH&sa=G&um=1 http://images.google.com.ph/imgres?imgurl=http://pcworld.com.ph/wp-content/uploads/2009/06/skycable-logo.jpg&imgrefurl=http://pcworld.com.ph/skycable-ties-up-with-industry-leaders-to-bring-hdtv/&usg=__2gJnWCjQBXm3U_VFKzYcY0O7W-0=&h=145&w=600&sz=24&hl=en&start=5&um=1&tbnid=vGTN2i1e6vS3FM:&tbnh=33&tbnw=135&prev=/images?q=sky+cable+logo&hl=en&cr=countryPH&sa=G&um=1

  • Criteria for membership

    Membership to the Payment System Management Body (PSMB) is required

    • Financial institution duly licensed by the BSP

    • Engage in holding funds of customers (banks and non- bank electronic money issuers)

    • Authorized by BSP to offer e-banking/e-money services

    • Meet technical and operational standards of the ACH

    • Actively participate in at least one (1) ACH

    • Settle clearing results with BSP’s PhilPaSS

  • Clearing Operator

    1 Issue payment instruction to Originating FI

    3 Forward payment instruction to ACH

    Originating Institution

    SENDER

    5

    Settlement (Debit DDA of OI)

    6 Route message to Receiving FI

    7 Credit account of payee

    4 Settlement with PhilPaSS

    Receiving Institution

    PAYEE

    5 Settlement (Credit DDA of RI)

    BSP

    Settlement

    PESO Net ACH (Batch EFT Credit)

    2 Debit account of Payor / Sender

  • InstaPay ACH (Real Time EFT Credit)

    Settlement

    12