Automated Teller Machine (ATM) Interconnection
MEMORANDUM NO. M-2007-033
To: All Thrift Banks, Rural Banks and Cooperative Banks
Subject : Automated Teller Machine (ATM) Interconnection
Further to Memorandum No. M-2007-010 dated 7 May 2007, please be advised that the interconnection of the bank's ATM host and/or CASA systems to any ATM switch network or their affiliate switch network is considered an extension of the bank's informaton technology processes and therefore an outsourcing activity that requires prior approval from the Bangko Sentral ng Pilipinas (BSP) under Subsection X169.2 of the Manual of Regulations for Banks (MORB).
For your information and guidance.
LENY I. SILVESTRE Sector-in-Charge
More in BSP Memoranda
- Guidelines on the Electronic Submission of the Updated Reports Arising from Circular Nos. 976 and 992(BSP Memoranda No. M-2018-027)
- MB Resolution No. 28 dated 14 January 2010 - Placement of the Apex Rural Bank (Bulacan), Inc. Under Receivership(BSP Memoranda No. M-2010-001)
- BSP Operations on 26 December 2018(BSP Memoranda No. M-2018-035)
- To clarify Foreign Currency Denominated Loans and Advances(BSP Memoranda)
- Guidelines on the Electronic Submission of the Report on Selected Accounts and Activities for the Identification of Domestic Systemically Important Banks (DSIBs Report)(BSP Memoranda No. M-2015-004)
- Accreditation of External Training Providers on Seminar on Corporate Governance(BSP Memoranda No. M-2012-026)
- Guidance on Management of Risks associated with Fraudulent E-mails or Websites(BSP Memoranda No. M-2015-025)
- Consolidated Report of Deposit Liabilities by Size of Account(BSP Memoranda)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.