Banknetvn and VNBC Systems Launched

The Vietnam National Financial Switching Joint-Stock Company (BanknetVN) and the Vietnam Bank Card Company (VNBC) launched the connection of their card payment systems on May 19.

 

In response to the guidelines of the Prime Minister Nguyen Tan Dung and the SBV on the implementation of the non-cash payment project, domestic banks have actively developed their card payment system, while promoting the connection of their ATM / POS systems in order to create a network of ATMs and POSs nationwide, thereby creating convenience for customers and contributing to the development of non-cash payment tools in Vietnam.

 

Under such guidelines and the SBV’s approval, since mid-2009, BanknetVN has proactively coordinated with VNBC in implementing tasks related to the project on the connection of the BanknetVN and VNBC systems with a proper roadmap of specific, scientific, effective and safe measures.

 

After a period of coordination between technical and professional departments of the two sides’ member banks, BanknetVN and VNBC have officially succeeded in implementing such basic transactions as inquiry, withdrawal, statement printing, and account transferring among several banks namely the Vietnam Bank for Agricultural & Rural Development, the Bank for Investment& Development of Vietnam, the Vietnam Bank for Industry and Trade, and the Eastern Asia Joint Stock Commercial Bank. Since April 15, 2010, BanknetVN and VNBC have officially expanded their services to all ATMs belonging to the aforesaid banks and will expand the network connection with the unconnected banks in their systems in the coming time. (SBV)