| has gloss | eng: The BancNet (BN) Point-Of-Sale System is a local PIN-based electronic funds transfer (EFTPOS) payments solution operated by BancNet on behalf of the member banks and China UnionPay (CUP). The BN POS System allows merchants to accept the ATM cards of any active BancNet member bank as payment for goods or services and obliges BN to settle the transaction as early as the following banking day through a direct deposit to a settlement account with any member bank. Acceptance of CUP cards is presently limited to SM Prime Holdings, Inc.s Department Store, Supermarket, Hypermarket, Super Sale, Watsons, Sports Central, SM Appliance, Toy Kingdom, and select Surplus Stores. |
