MegaLink (also spelled Megalink) is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for automatic teller machine networks and point of sale systems of banks in the country. From its establishment in 1989 until 2015, it pioneered the interconnectivity of several banks in the country by way of being the first interbank network with different banks as its members. At the planned re-purposing and decommissioning, it had a total of more than 2,921 automated teller machines nationwide and handled more than 795,000 transactions a day. MegaLink was the largest interbank network in the Philippines with 13.1 million cardholders. MegaLink was also known for its belief in universal sharing with the motto of "The Card for All." By late January 2015, MegaLink and BancNet announced their merger. BancNet would be the sole surviving entity, while MegaLink would be re-purposed. MegaLink now lists itself as a BancNet member, under the independent ATM deployer category. Following the repurposing, MegaLink and its assets were sold to Japanese conglomerate Hitachi, of which it is now a subsidiary of the latter. History MegaLink was formed in September 1989 by Equitable Banking Corporation (now merged with Banco de Oro), Far East Bank and Trust Company (now part of BPI), Philippine National Bank (currently a BancNet member since Allied Bank merger was completed in 2013 as its surviving brand) and United Coconut Planters Bank, with its fundamental belief in universal sharing, it became the first operational shared ATM network in the Philippines. MegaLink was launched on March 19, 1990, with shared resources of 88 ATMs, a base of 130,000 cardholders, and an average of 200 transactions a day. MegaLink is the first Philippine consortium to link with both BancNet and Expressnet. MegaLink Milestones: 1990 MegaLink became the first shared operational ATM network in the Philippines. 1992 The founding banks of ATM Bersama, an Indonesian interbank network, turn to MegaLink's expertise as their model for a shared services network which eventually led to a partnership. 1993 MegaLink launched the Debit Bills Payment over the ATM, as well as purchases via POS terminals. MegaLink also received the prestigious Asian Institute of Management Award for Information Technology Management and becomes the only ATM network to gain the distinction. 1994 MegaLink introduced telephone banking (Phonelink) as the world's first consortium-based phone banking facility. 1995 With its belief of universal sharing, MegaLink forged an