Editing Debit card (section)

===Philippines===
{{update|inaccurate=yes|reason=various outdated information including the fact that BancNet is now the sole domestic debit system in use, the section seems to be written in early 2010s|date=March 2025}}
In the [[Philippines]], all three national ATM network consortia offer proprietary PIN debit. This was first offered by [[Express Payment System]] in 1987, followed by [[Megalink]] with Paylink in 1993 then [[BancNet]] with the [[Point-of-Sale]] in 1994.

[[Express Payment System]] or EPS was the pioneer provider, having launched the service in 1987 on behalf of the [[Bank of the Philippine Islands]]. The EPS service has subsequently been extended in late 2005 to include the other Expressnet members: [[Banco de Oro]] and [[Land Bank of the Philippines]]. They currently operate 10,000 terminals for their cardholders.

Megalink launched Paylink EFTPOS system in 1993. Terminal services are provided by Equitable Card Network on behalf of the consortium. Service is available in 2,000 terminals, mostly in [[Metro Manila]].

[[BancNet]] introduced their point of sale system in 1994 as the first consortium-operated EFTPOS service in the country. The service is available in over 1,400 locations throughout the Philippines, including second and third-class municipalities. In 2005, BancNet signed a Memorandum of Agreement to serve as the local gateway for [[China UnionPay]], the sole ATM switch in [[China]]. This will allow the estimated 1.0&nbsp;billion Chinese ATM cardholders to use the BancNet ATMs and the EFTPOS in all participating merchants.

Visa debit cards are issued by [[Union Bank of the Philippines]] (e-Wallet & eon), [[Chinatrust]], [[Equicom Savings Bank]] (Key Card & Cash Card), [[Banco de Oro]], [[HSBC]], [[HSBC Savings Bank]], Sterling Bank of Asia (Visa ShopNPay prepaid and debit cards) and [[EastWest Bank]]. Union Bank of the Philippines cards, EastWest Visa Debit Card, Equicom Savings Bank & Sterling Bank of Asia EMV cards which can also be used for internet purchases. [[Sterling Bank of Asia]] has released its first line of prepaid and debit Visa cards with [[EMV]] chip.

MasterCard debit cards are issued by Banco de Oro, [[Security Bank]] (Cashlink & Cash Card) and [[Smart Communications]] (Smart Money) tied up with Banco de Oro. MasterCard Electronic cards are issued by BPI (Express Cash) and Security Bank (CashLink Plus).

Originally, all Visa and MasterCard based debit cards in the Philippines are non-embossed and are marked either for "Electronic Use Only" (Visa/MasterCard) or "Valid only where MasterCard Electronic is Accepted" (MasterCard Electronic). However, [[EastWest Bank]] started to offer embossed Visa Debit Cards without the for "Electronic Use Only" mark. Paypass Debit MasterCard from other banks also have embossed labels without the for "Electronic Use Only" mark. Unlike credit cards issued by some banks, these Visa and MasterCard-branded debit cards do not feature EMV chips, hence they can only be read by the machines through swiping.

By 21 March 2016, [[BDO Unibank|BDO]] has started issuing sets of [[Debit MasterCards]] having the EMV chip and is the first Philippine bank to have it.<ref>{{Cite web|url=http://www.philstar.com/business/2016/03/21/1564909/bdo-rolls-out-first-emv-mastercard-atm|title=BDO rolls out first EMV-MasterCard ATM|website=[[The Philippine STAR]]|access-date=2016-12-17|archive-date=2016-12-21|archive-url=https://web.archive.org/web/20161221101259/http://www.philstar.com/business/2016/03/21/1564909/bdo-rolls-out-first-emv-mastercard-atm|url-status=live}}</ref> This is a response to the [[Bangko Sentral ng Pilipinas|BSP]]'s monitor of the EMV shift progress in the country.<ref>{{cite web|url=http://www.bworldonline.com/content.php?section=Finance&title=bsp-to-start-monitoring-of-emv-shift-progress&id=134158|title=BusinessWorld - BSP to start monitoring of EMV shift progress|website=www.bworldonline.com|access-date=2016-12-17|archive-date=2018-02-03|archive-url=https://web.archive.org/web/20180203065149/http://www.bworldonline.com/content.php?section=Finance&title=bsp-to-start-monitoring-of-emv-shift-progress&id=134158|url-status=live}}</ref> By 2017, all Debit Cards in the country should have an EMV chip on it.<ref>{{cite web|url=http://www.bsp.gov.ph/publications/media.asp?id=3593|title=Bangko Sentral ng Pilipinas - Publications & Research|website=www.bsp.gov.ph|access-date=2016-12-17|archive-date=2016-12-20|archive-url=https://web.archive.org/web/20161220153953/http://www.bsp.gov.ph/publications/media.asp?id=3593|url-status=live}}</ref>