But this stipulation is reportedly under review as the BancNet POS is now being considered for the collection requirements of government agencies and government controlled entities; in this case, a non-member bank acts as the depository while the BancNet treasury bank acts as the collecting bank.
But this stipulation is reportedly under review. The BancNet POS is now being considered for the collection requirements of government agencies. The BancNet POS is now being considered for the collection requirements of government controlled entities. A non-member bank acts as the depository. This is in this case. The BancNet treasury bank acts as the collecting bank.