• ASEAN Co-ops Address Financial Inclusion, Hunger

    MALATE, MANILA -- Co-op federation leaders from four Southeast Asian countries gathered at the Pan Pacific Hotel September 6 to 7 for the ASEAN Co-operative Development Meeting.  The purpose of the high-profile meet was to “Engage Co-operatives in Contributing to the Read More
  • Ravanera Says Farmers Should Have Say in A.V.A.

    QUEZON CITY – Farmers in Agrarian Reform Beneficiary (ARB) cooperatives must have a say in the Agribusiness Ventures Agreements (AVAs) they enter into. This was the firm stand of Cooperative Development Authority (CDA) Chairperson, Orlando Ravanera, as he delivered before the Read More
  • SAFADECO Goes From Piso-Piso To Silver!

    SORSOGON CITY – In 1992, sixteen farmers in Barrio Salvacion came together to form a cooperative.  For starters they began by patiently saving one peso every day to boost the Share Capital of the co-op. “Our humble beginning has been told Read More
  • 9 Co-operatives Board GREAT Women Project

    MANDALUYONG CITY – Nine cooperatives from Luzon, Visayas, and Mindanao have joined the GREAT WOMEN Project 2 to empower their women members through entrepreneurship training and assistance. GREAT Women Project 2 stands for Gender Responsive Economic Actions for the Transformation of Read More
  • PCW, NATCCO Ink MOU for Women Empowerment

    QUEZON CITY -- The Philippine Commission on Women (PCW) and the National Confederation of Cooperatives (NATCCO Network) signed a Memorandum of Understanding (MOU) to support the government’s efforts in women economic empowerment.  Under the deal, the PCW will provide technical and Read More
  • Kidnote Speaker Shows Spunk at Leaders’ Congress

    Pasig City -- Every year, the NATCCO Network conducts the Co-op Leaders'Congress prior to the General Assembly.  It is an opportunity for the co-op leaders to know the developments in the co-op sector in general, and the NATCCO Network as well. Read More
  • IT Forum Focuses On Cyber Security & Mobile Banking

    CEBU CITY – Transactions are becoming more and more electronic (cashless) and mobile, and co-ops must cope. The transactions landscape is becoming more complex and an arising issue is cyber security.   To enable co-ops to cope with increasing threats of Read More
  • Senator Zubiri Assures Co-op Leaders

    PASAY CITY – Senate Cooperative Committee Chairperson Miguel Zubiri assured Mindanao co-operators he would make sure that co-op tax exemptions would not be included in the TRAIN Bill’s list of tax exemptions to be repealed. Led by COOP-NATCCO Representative Ben Canama, Read More
  • Bansalan Celebrates Gold!

    The NATCCO Network joins the members, staff, management and leadership of BCS Credit Cooperative, which celebrated on July 30 its 50th Anniversary. Founded on July 30, 1967 as Bansalan Parochial Cooperative Credit Union and registered with the Cooperatives Administration Office Read More
  • "Bogus Co-ops are Rats!" – Rep Bravo

    QUEZON CITY -- Kung may daga sa bahay, hindi mo naman kailangan sunugin yung bahay! (If there are rats in the house, you don’t have to burn the house!) These were the strong words spoken by Representative Anthony Bravo of Coop-NATCCO Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

IT Forum Focuses On Cyber Security & Mobile Banking

CEBU CITY – Transactions are becoming more and more electronic (cashless) and mobile, and co-ops must cope. The transactions landscape is becoming more complex and an arising issue is cyber security.
To enable co-ops to cope with increasing threats of cyber fraud and updates on government regulations, the NATCCO Network met with more than 30 co-op leaders from all over the country for the NATCCO ATM Forum at the Sarrosa International Hotel.
Guest Speaker was Rey Constantino, Vice-President for Business Operations of Channel Technologies Inc, a partner of the NATCCO Network that provides ATM units.  He briefed the co-op leaders on the latest cyber threats and counter-measures ATM operators and co-op members must do.
His presentation came in the wake of the Bank of the Philippine Islands temporarily suspending its ATM transactions on June 6.  In a report in CNN Philippines, “some transactions between April 27 and May 2, were double-posted on June 6, which prompted the bank to temporarily suspend online and mobile banking channels, causing complaints from clients.
An Inquirer news item earlier reported that $81 million was stolen by hackers from a bank overseas, and then coursed to an RCBC-Makati City branch through a transaction handled by one of its branch managers with a foreign exchange broker, and finally through a local casino.
The Manila Times website reports that the Anti-Money Laundering Council (AMLC) has announced it had launched an investigation into reports that $100 million in illegal funds were coursed through the country’s financial system. 
The second issue tackled during the Forum was electronic transactions, a trend in other countries, and is being pushed by the Bangko Sentral ng Pilipinas (BSP) through its National Retail Payment System or NRPS.
NATCCO IT Head Evangeline Lopez presented the NRPS in a nutshell.  The NRPS will feature mobile transactions that will push Financial Inclusion since it will make available formal financial services in the countryside.  The BSP describes NRPS as a “safe and efficient retail payment system in the country.  The goal is to promote electronic payments and drive its usage to 20% by 2020 from the current level of 1%.
The NRPS will be participated in by all direct clearing participants, and will ensure there are “no cartels.”
The NRPS will be implemented and overseen by the Payment System Management Body, which will be composed of all the stakeholders in the electronic payment system, and will have the power to “set and implement clearing rules and activities.”
The NATCCO IT Group is seeking a seat in the PSMB even though NATCCO Network, being a cooperative, is regulated by the Cooperative Development Authority and not the BSP.
A proposed Payment System Act is being pushed by Rep. Gloria Arroyo in Congress, and Senator Bam Aquino in the Senate.
As NATCCO Network’s and PFCCO Visayas' part in the NRPS is its Kaya Payment Platform, which allows co-op members to transact through four channels: ATMs, POS, cellphones, and over-the-counter.
According to Lopez: “Kaya Payment Platform is the key for coops to be included in the BSP's Financial Inclusion thrust to bring formal financiàl services to the farthest corners of the countryside.  Kaya Payment Platform allows coop members to perform mobile banking transactions anytime anywhere. All they need is internet connection and a smart phone.”
Mr. Ricardo Planea, GM of Bonbonan Farmers Agrarian Reform MPC in Negros Oriental, asked Bangge Lopez of NATCCO IT Group the reasons for the shift of ATM cards from Magnetic Stripe to EMV when it will entail some cost.  She said the Bangko Sentral has mandated the switch for security reasons.
Debbie Jimenez of the NATCCO ATM Unit updated participants on the latest Bancnet policies.
Lorene Murillo-Samaniego of the NATCCO IT's Customer Support Unit discussed the framework of the migration of eKoopBanker accounts to the Kaya Payment Platform.
eKoopBanker is the premier financial software for coops.

Do you have exciting events in your coop? Share it with us, and we'll feature it in our website!

Email us:
This email address is being protected from spambots. You need JavaScript enabled to view it.

Mail your Documents to:
NATCCO Network
c/o Member Relations and Networking Group
227 J.P. Rizal Street Proj.4 Quezon City 1109

For more Information:
913.70.11-15 loc.310
912.54.10 (telefax)