• Kaya Payment Platform used in e-cooptrade.coop

    MALATE, MANILA -- Kaya Payment Platform is now one of the payment modes for purchases done at the website e-cooptrade.coop.  The signing of the Memorandum of Understanding by three co-op federations was one of the highlights of the ASEAN Cooperative Business Read More
  • ASEAN co-op federations to redeem agri

    MALATE, MANILA – Cooperatives all over the ASEAN region have agreed to work together to gain control of the agriculture industry.   As Amir Islam an observer from Bangladesh said: “Landless workers simply provide labor to landlords and land-owning farmers are Read More
  • NPC Registration Deadline: March 8

    Cooperatives as Personal Information Controllers or Processors are mandated to comply with the Data Privacy Act (DPA), and are thus, required to register with the National Privacy Commission (NPC).  And the deadline is March 8.   This was the reply Read More
  • MSU-IIT NMPC Celebrates 40th Anniversary

    ILIGAN CITY – The NATCCO Network’s more than 800 member cooperatives join MSU-IIT National Multi-Purpose Cooperative celebrates on January 18 its 40th Founding Anniversary.   In a video posted on the co-op’s Facebook page, CEO Emma Nieva told all the members: Read More
  • Malabon Central Market Co-op Celebrates 40th

     MALABON CITY – Last September 14, 2017, the Malabon Central Market Development Cooperative (MCMDC) celebrated its Ruby Anniversary with activities throughout the day, which included an early morning mass, free eye check-up, reflexology, medical consultation, and haircuts to members and even Read More
  • We Don't Need to be a Department, says CDA Board

    Will the Cooperative Development Authority become a separate Department? Nope, says the CDA Board of Administrators.  The CDA has no official position on any amendments to  RA 6939 or the CDA Charter. According to an undated internal memorandum issued by Read More
  • CDA Gets 17% Budget Increase for 2018

    The Cooperative Development Authority (CDA) budget under the 2018 General Appropriations Act signed by President Rodrigo Duterte last December 19 amounts to P503.12 Million.     This is a 17% increase compared to the 2017 Budget of P430 Million.   CDA Read More
  • President Signs TRAIN, Co-op Tax Exemptions Remain

    Cooperators all over the country heaved a sigh of relief as President Rodrigo Duterte signed into law the Tax Reform for Acceleration and Inclusion Act (TRAIN) on December 19 – but maintaining the tax exemption of cooperatives as promulgated in Articles Read More
  • ICA Asks Pinoy Co-ops to Display Marque

    PASIG CITY –The International Cooperative Alliance (ICA) launched the “2020 Vision”, aiming to make co-ops will be 1) the acknowledged leader in economic, social and environmental sustainability, 2) the business model preferred by people, and 3) the fastest-growing form of Read More
  • German System "Cooperative Examination"

    BERLIN, GERMANY -- On September 18-29, the DGRV organized a training course for consultants from Vietnam and from Philippine project partner, NATCCO, in the practice of Auditing.   The training consisted of two parts, starting with the introduction into the German 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)