October 1, 2020Relevant to the fast-growing rate of online transactions nowadays, Bank of Commerce, an affiliate, of San Miguel Corporation, has launched its new mobile app which includes new, exciting features promising a better way to bank online. The new BankCom [Personal] Mobile App (formerly Retail Internet Banking) is equipped to provide a safe, secure and seamless digital experience including checking account balance, access to transaction history up to 90 days, bills payment, fund transfer to your own account or to any Bankcom account, transfer funds to any bank via Instapay and PesoNet, and One-Time Password (OTP) generator. “Bank of Commerce recognizes the rapid shift of consumer behavior to more online transactions and we respond by providing our latest mobile app platform that addresses the ever-growing need of clients to do banking that is more convenient, compliant and secure, “ said Bank of Commerce President and CEO Michelangelo R. Aguilar. Launched in the midst of the ongoing challenges brought about by the COVID-19 pandemic, P/CEO Aguilar added that through the mobile app, the Bank aims to help clients meet their banking needs while staying safe at home. BankCom [Personal] Mobile App ensures that online bills payment and fund transfers are prominent features that clients can perform in a secured and convenient manner. Furthermore, the development of the mobile app upholds safety and security as top priority. To achieve this, top-grade security was tapped. The mobile app offers the latest mobile security in banking transactions by providing clients with Multi-factor Authentication including device registration and OTP. The award-winning MFA system used by BankCom [Personal] offers an uncompromising two-pronged layer of user identification based on the user’s registered mobile device and on the unique challenge response for OTP-dependent transactions. Centagate, the MFA system from SecureMetric, won Best in Security in APICTA Awards in Kuala Lampur last 2019. The Mobile OTP generator aside from One-Time Password (OTP) being sent to the account holder via SMS is built with the latest Multi Factor Authentication security method, whereby to be able to approve a transaction, the client can just easily retrieve the OTP number in their registered mobile device. The mobile app opts to promote the use of Mobile OTP for its enhanced security feature in comparison with the more common SMS OTP method. With Mobile App OTP, the BankCom [Personal] Mobile App generates the OTP, thereby protecting the users from any attempt to steal customer’s OTP by hijacking SMS messages. Because of this, online banking clients save time and avoid scam or fraud during transactions which is prevalent during the pandemic. The new BankCom [Personal] Mobile App is now available for download via Google Play Store and App Store. BankCom [Personal] is also available from the BankCom website: https://www.bankcom.com.ph. Enroll your account and experience the convenience of online banking. The new BankCom [Personal] Mobile App is a symbol of the Bank’s direction as it navigates this new normal, and moves to adapt to changing social times and focus on the horizon of digitalization. Bank of Commerce is one of the country’s progressive banks and has been in operation for more than 50 years in the Philippine banking industry. In 2008, Bank of Commerce was strengthened further with the investment of San Miguel Corporation. Together with 140 branches and 265 ATMs nationwide, Bank of Commerce continues to be in the business of professional banking by providing innovative banking solutions; and a complete range of products and services in deposit, trust and investment, consumer, treasury and commercial loans. For inquiries on any of our products and services, please contact our Customer Care hotline +63 (2) 8632-2265, Domestic Toll-free Numbers: (PLDT) 1800-10-982-6000 and (Globe Lines) 1800-8-982-6000, or send us an email at customerservice@bankcom.com.ph