May 11, 2020 T O : All PESONet Participant Banks/Institutions R E : CITIBANK & BANK OF AMERICA CONNECTIVITY VIA PESONET WEB API 1. We are pleased to announce that CITIBANK, N.A. (CITI) and BANK OF AMERICA, NAT’L. ASSN. (BA) have completed their individual User Acceptance Testing (UAT) on connecting to PESONet via the Web Service API. 2. Both banks have submitted their respective sign-offs after successfully completing the required heartbeat test prior to production. 3. CITI has started sending EFT Transactions via the PESONet Web Service API while BA’s shift to API will be effective on Monday, May 18, 2020. For information and guidance.

April 15, 2020 T O : All PESONet Participating Banks/Institutions R E : MIGRATION TO THE ENHANCED INTERFACE FILE (EIF) IN PESONET ______________________________________________________________________________ 1. As recommended by the PESONet Operations Committee, the PESONet ACH Steering Committee in its meeting today approved a transitory period for the mandatory use of the Enhanced Interface File (EIF) in PESONet to allow participants ample time for its implementation. 2. During the transitory period which will start July 1, 2020 and end September 30, 2020, PESONet will continue to accept multiple file formats for both importation and status update: 2.1 Import File Formats 2.1.1 EPCS Import File 2.1.2 PhilPaSS Remit Import File 2.1.3 Enhanced Interface File (Import and Inward) 2.2 Status Update File Formats 2.2.1 PESONet Status Update File (current) 2.2.2 Enhanced Interface File – Status Updating 3. Starting October 1, 2020 however, only EIF formats will be accepted for both importation of transactions and status updating in PESONet. 4. Final specifications of the Enhanced Interface File is being distributed along with this Memo Circular. These specifications comprise the Enhanced Interface File for both import of transactions and status updating. 5. Participants may test the Enhanced Interface File through the PESONet UAT Site at https://pesonetuat.pchc.com.ph. 6. To confirm participants’ successful testing of the Enhanced Interface File, PESONet participants are requested to accomplish the attached UAT Sign-Off Form and send to the PESONet Support Team at pesonetsupport@pchc.com.ph on or before September 15, 2020. 7. We count on everyone’s compliance.

January 23, 2020 T O : All PESONet Participating Banks/Institutions R E : PESONET ENABLED PAYMENTS TO GOVERNMENT VIA THE PCHC PAYMENT GATEWAY (PAYGATE) 1. We are pleased to announce that Land Bank of the Philippines (LBP) being one of the government depository banks was already given the go signal/permission by the Bangko Sentral ng Pilipinas to on-board more government agencies (GAs) to receive payments via PESONet thru the facilities of the PCHC PayGate. 2. The permission was obtained after the successful pilot ‘live run’ which started in August 2019. To date, RCBC, Robinsons Bank and Union Bank are already on-board/processing PESONet payments to the Bureau of Internal Revenue (BIR) via the PCHC PayGate. PSBank on the other hand has successfully completed its UAT and is targeting to go live this coming February 2020. 3. With the BSP permission, LBP has likewise started to speak with its more than 200 GAs/Merchants. Today, payment via PESONet thru its Linkbiz Portal and PCHC PayGate are already enabled for DTI, PNP and various LGUs which include the City of Manila, Quezon City, Valenzuela City, General Santos City, and the Municipality of Baler. 4. With the foregoing and to heed the call of the BSP Governor expressed during the November 20, 2019 e-Gov launch, we enjoin all PESONet participants to on-board/use the PCHC PayGate to enable payments via PESONet. 5. Appended is our on-boarding checklist which PESONet participants may use as guide in joining the PCHC PayGate. Participants may also email pesonetsupport@pchc.com.ph to request for the API specs and other related documentation which can be used as reference/guide for easy/convenient on-boarding process. Documentation include: · Introduction to PCHC Payments Gateway (PayGate) · Participation Application and Agreement · Governing Terms · Issuing, Acquiring and QR Specifications · UAT environment information · PayGate Simulator · Introduction to Security 6. We look forward to all PESONet participants on-boarding the PCHC PayGate.

January 21, 2020 T O : All PESONet Participating Banks/Institutions R E : PARTICIPATION OF MALAYAN BANK IN THE PESONet 1. We are pleased to announce that Malayan Bank (A Savings Bank) shall start to participate in PESONet effective January 27, 2020. 2. The bank which has successfully completed its User Acceptance Testing (UAT) shall connect to PESONet via the Web Service API. Malayan Bank has an assigned BRSTN 01082-001-8 and will use its BIC: MAARPHM1XXX. 3. Kindly include Malayan Bank in your respective PESONet Participants’ directory and please disseminate to your respective offices/business units. For information and guidance.

20 January 2020 T O : All PESONet Participating Banks/Institutions R E : CONNECTIVITY VIA THE WEB SERVICE API AND THE IMPLEMENTATION OF ENHANCED INTERFACE FILE (EIF) IN PESONET BY JULY 1, 2020 1. Further to Memo Circular 3551 released last August 30, 2019. (RE: Mandate to Implement ISO20022 in PESONet), we wish to inform that the ‘go live’ date for the above cited directives shall push thru as scheduled. 2. To date, 19 participating banks/EMIs are already on Web API affording them technically to have complied with the mandate. For this achievement and on behalf of the PESONet Steering Committee, PCHC wishes to express its warm appreciation and congratulations! We are certain that the rest of the participants will expedite respective development/testings to meet the July 1, 2020 live date. 3. It may be recalled that the API specifications + the software development kit (SDK) have long been published for inspection/adoption. Along with the specs and SDK, we had also published the specifications for the Enhanced Interface File (EIF) to ensure that all data elements used in ISO20022 are available in case the PESONet Front-end Application as backup is invoked. 4. Implementation of the EIF will coincide with the July 1, 2020 Web API ‘go live’ date. This means that support for the old EPCS Import/Inward File Format and the PhilPaSS Remit Import file will already end on June 30, 2020 and therefore any transmission using the PESONet Front-end Application as back up will no longer be accepted/rejected starting July 1, 2020. 5. For participants which have not yet obtained our API, SDK and the EIF specifications, you may immediately request respective documentation by sending an email to pesonetsupport@pchc.com.ph cc: leyjulian@pchc.com.ph. We count on everyone’s support and cooperation.

T O : All PESONet Participant Banks/Institutions R E : PARTICIPATING FINANCIAL INSTITUTIONS IN PESONET 1. Enumerated is an updated list of banks/EMIs participating in the Philippine EFT System Operations Network (PESONet) with their corresponding Bank/Institution Codes & Business Identifier Codes (BICs). Also indicated in a separate column are check marks for institutions already connecting to PESONet via Web Service API, to wit; Bank/Institution Name Institution Code BIC via Web API 1. AL-AMANAH ISLAMIC BANK 036 AIIPPHM1XXX 2. ALLBANK , INC. (A THRIFT BANK) 129 ALKBPHM2XXX 3. ASIA UNITED BANK 102 AUBKPHMMXXX √ 4. ANZ BANK 070 ANZBPHMXXXX 5. BANCO DE ORO UNIBANK, INC. 053 BNORPHMMXXX 6. BANGKOK BANK PUBLIC CO., LTD. 067 BKKBPHMMXXX 7. BANK OF AMERICA, NAT'L. ASS'N. 012 BOFAPH2XXXX √ 8. BANK OF CHINA 114 BKCHPHMMXXX 9. BANK OF COMMERCE 044 PABIPHMMXXX √ 10. BANK OF FLORIDA 140 BORRPHM1XXX 11. BANK OF THE PHILIPPINE ISLANDS 004 BOPIPHMMXXX 12. BDO NETWORK BANK 118 ONNRPHM1XXX 13. CHINA BANK SAVINGS 112 CHSVPHM1XXX 14. CHINA BANKING CORPORATION 010 CHBKPHMMXXX √ 15. CIMB Bank 801 CIPHPHM1XXX √ 16. CITIBANK, N. A. 007 CITIPHMXXXX √ 17. CTBC BANK (PHILIPPINES) CORP. 069 CTCBPHMMXXX 18. DCPAY PHILIPPINES, INC. 803 DCPHPHM1XXX √ 19. DEUTSCHE BANK 065 DEUTPHMMXXX 20. DEVT. BANK OF THE PHILIPPINES 059 DBPHPHMMXXX 21. DUNGGANON BANK, INC. 902 DUMTPHM1XXX √ 22. EAST-WEST BANKING CORP. 062 EWBCPHMMXXX √ 23. EQUICOM SAVINGS BANK, INC. 096 EQSNPHM1XXX √ 24. FIRST CONSOLIDATED BANK 078 FIOOPHM1XXX 25. HK AND SHANGHAI BANK 006 HSBCPHMMXXX 26. HSBC SAVINGS BANK, INC. 089 HBPHPHMMXXX 27. INDUSTRIAL BANK OF KOREA 131 IBKOPHMMXXX 28. ING BANK N.V. 066 INGBPHMMRTL √ 29. JPMORGAN CHASE BANK 072 CHASPHMMXXX 30. KEB HANA BANK 071 KOEXPHMMXXX 31. LAND BANK OF THE PHILIPPINES 035 TLBPPHMMXXX √ 32. MALAYAN BANK 082 MAARPHM1XXX √ 33. MAYBANK PHILS., INC. 022 MBBEPHMMXXX √ 34. MEGA INTL COMML BANK CO. LTD 056 ICBCPHMMXXX 35. METROBANK AND TRUST CO. 026 MBTCPHMMXXX 36. MIZUHO BANK,LTD. 064 MHCBPHMMXXX 37. MUFG BANK, LTD 046 BOTKPHMMXXX 38. PAYMAYA PHILIPPINES, INC. 802 PAPHPHM1XXX √ 39. PHIL BANK OF COMMUNICATION 011 CPHIPHMMXXX 40. PHILIPPINE BUSINESS BANK 097 PPBUPHMMXXX 41. PHILIPPINE NATIONAL BANK 008 PNBMPHMMXXX √ 42. PHILIPPINE SAVINGS BANK 047 PHSBPHMMXXX 43. PHILIPPINE TRUST COMPANY 009 PHTBPHMMXXX 44. PHILIPPINE VETERANS BANK 033 PHVBPHMMXXX 45. PRODUCERS SAVINGS BANK 122 PSCOPHM1XXX 46. RIZAL COMM’L BANKING CORP. 028 RCBCPHMMXXX √ 47. ROBINSONS BANK CORPORATION 107 ROBPPHMQXXX 48. RURAL BANK OF GUINOBATAN 148 RUGUPHM1XXX 49. SECURITY BANK CORPORATION 014 SETCPHMMXXX √ 50. SHINHAN BANK 130 SHBKPHMMXXX 51. STERLING BANK OF ASIA 119 STLAPH22XXX √ 52. SUMITOMO MITSUI BANK 128 SMBCPHMMXXX 53. THE STANDARD CHARTERED BANK 005 SCBLPHMMXXX √ 54. UNION BANK OF THE PHILIPPINES 041 UBPHPHMMXXX √ 55. UNITED COCONUT PLANTERS BANK 029 UCPBPHMMXXX √ 56. UNITED OVERSEAS BANK PHILS. 027 UOVBPHMMXXX 57. WEALTH DEV’T BANK, INC. 120 WEDVPHM1XXX 58. YUANTA SAVINGS BANK,INC. 113 TYBKPHMMXXX 2. For your guidance/reference.

March 16, 2020 TO : All Clearing Banks/Institutions RE : ADJUSTMENT IN PCHC CLEARING CUT-OFF TIMES 1. In connection with PhilPASS Advisory No. BPU-2020-048 dated 15 March 2020 (RE: PhilPASS Timelines during the Metro Manila Community Quarantine), please be informed that PCHC shall accordingly adjust its clearing cut-off times to complement PhilPASS adjusted timelines beginning March 17, 2020 until further notice, to wit: New PCHC System Cut-off Time Cut-off Time Nationwide Check Clearing 1:30 PM PESONet 1:30 PM 2. Morning (AM) Returns shall continue to cutoff at 8:00 AM. 3. For PDDTS batch end-of-day, we will issue a separate announcement. 4. Please be guided accordingly.

March 3, 2020 TO : All Clearing Banks/Institutions RE : PROPER USE OF RETURN REASON CODE ‘Q’ (MISMATCHED IMAGE AND DATA) 1. We have been receiving reports from some of our participant banks regarding client complaints in connection with the delays in clearing of Checks due to dishonor by drawee banks citing “Mismatched Image and Data” as the return reason. It has accordingly posed a challenge for depository banks to explain to their respective clients as the mismatches mostly emanated from machine misreads on the MICR code line. 2. To validate, we ran some statistics and sought explanation from a number of drawee banks. Based on our findings, the return reason “Mismatched Image and Data” (Return Reason Code Q) is being used to dishonor checks due to either truncated, transposed or misread characters in the serial number, account number, or transaction code in the MICR code line. 3. To clarify and for uniformity of interpretation, the Return Reason “Mismatched Image and Data” (Return Reason Code Q) can be cited for non-payment if, and only if, the Check Image and the MICR Code Line show more than one mismatched information covering, for instance the following details: a) serial and account number of Drawer; or b) serial number of the Check and BRSTN of the Drawee Bank ; or c) BRSTN of the Drawee Bank and account number of the Drawer ; or d) serial number of the Check, BRSTN of the Drawee Bank and account number of Drawer. 4. If only one (1) information in the Check Image is dissimilar to the corresponding information in the MICR Code line (which could be caused by or attributable to truncated or transposed or misread character/s in the serial number, account number, or transaction code in the MICR code line), the clearing item should not be considered as one with Mismatched Image and Data (within the context of Section 18.1 of the CICS RR) so that the Drawee Bank cannot in such a situation, validly cite the Return Reason “Mismatched Image and Data” (Return Reason Code Q) as basis to dishonor or return the clearing item . Instead of returning the clearing item, the Drawee Bank should honor the item and rectify the misread/miscoded data based on the Check Image. 5. The Drawee Bank, however, is entitled to collect the applicable penalty charge from the Presenting Bank for Errors and Omissions in the Electronic Payment Information (EPI), as provided in Section 5 of the Guidelines/Procedure on Settlement of Clearing Discrepancies under the CICS (Attachment to CICS OM No.17-008, Section 5) 6. In this regard, we strongly advise the Presenting Banks to consistently practice good maintenance of their respective front-end scanners to gain optimal performance. This will ensure that capture of the MICR line would be reliable and not prone to misreads. 7. We count on everyone’s compliance/cooperation. Any willful violation shall be reported to the PCHC Board for appropriate sanction.

TO : All PESONet participating banks/Institutions RE : CONNECTIVITY VIA WEB API & THE SHIFT TO ENHANCED INTERFACE FILE 1. Pursuant to the request of the PESONet ACH Steering Committee (Steerco), we are conducting a survey on the status of participant banks’ compliance with the mandate to convert connectivity in PESONet via the Web Service API and the shift from legacy file formats to the enhanced interface file (EIF) format. 2. It may be recalled during its meeting of 14 August 2019, the ACH Steerco has accepted the recommended schedule to connect all PESONet participants via the Web API no later than July 1, 2020. Subsequently, a follow up Memo Circular was released last January 20, 2020 to remind participants on the mandated implementation. 3. However, some banks have expressed concerns over meeting the stated cutover date due to the challenges brought about by the enhanced community quarantine (ECQ). In the meantime, the ACH Steering Committee has decided to defer the shift to EIF format from July 1, 2020 to October 1, 2020. 4. Given the foregoing, please accomplish the attached survey form and submit on or before May 29, 2020. Results of the survey will enable the ACH Committee to determine status of banks’ activities on EIF and assess as well whether to push for the July 1, 2020 cutover dates for the connectivity of all participants via the Web Service API. 5. Please email duly accomplished survey form to: pesonetsupport@pchc.com.ph cc: royettedlreyes@pchc.com.ph raygerickparagas@pchc.com.ph 6. We count on your immediate cooperation.

October 1, 2020 T O : All PESONet Participating Banks/Institutions R E : VALIDATION OF ACCOUNT NUMBERS FOR BULK PAYMENTS USING PESONET 1. In connection with the request of the Social Security System (SSS) that was coursed through the Development Bank of the Philippines (DBP), we wish to inform that the PESONet ACH Steering Committee in its meeting of 16 September 2020 approved the initiative of the Clearing Operator (PCHC) to include pre-validation of account numbers for PESONet bulk transactions to address concerns of both the originating financial institution or OFI (DBP in this first use case) and the receiving financial institution (RFI) when disbursing/crediting payouts (benefits/loans from SSS in this case). 2. For PCHC to fulfill this initiative, we would like to request all PESONet participant banks to provide account number lengths and/or algorithms that will enable the PESONet Bulk Payments Service to validate account numbers that are submitted by the OFIs for processing. 3. Key features of the PESONet Bulk Payments Service that will be developed is an SFTP interface that will be able to process up to 1 million transactions per batch while allowing for pre-processes that will help mitigate issues with data quality that are inherent when processing large volumes of transactions. 4. Among the pre-processes in the PESONet Bulk Payments Service, it will include simple validation of the account numbers contained in the Bulk Payment File against algorithms that are provided by the RFIs. 5. The PESONet Bulk Payments Service allows for three (3) validation types that RFIs may select based on their own preference and internal considerations, to wit: a. Account Number Length Validation – a validation that checks whether the account number provided by an OFI in the Bulk Payment File corresponds to the proper length provided by the RFI; or b. Fixed Algorithm Validation – a validation where the length and format of the account number provided by an OFI in the Bulk Payment File is validated against a format provided by the RFI (e.g. ann nn nnnnnn); or c. Complex Algorithm – a validation that may be able to validate that the account number corresponds to a specific product type, while also allowing for the capability to validate modulo and check digits provided by the OFI in the Bulk Payment File against the rules provided by the RFI 6. Using the PESONet Bulk Payments Service , RFIs will benefit from more efficient processing as the possibility of receiving invalid account numbers from Bulk Payments is greatly reduced, thus allowing RFIs to provide faster turnaround when receiving Bulk Payments and allowing them to meet the timelines for submitting the PESONet Status Update File. 7. Participant banks may accomplish the attached form, scan/convert into pdf format and send via secured mail (or send with password) to PCHC on or before October 11, 2020. Rest assured that all provided information shall be kept in strict confidence. 8. We count on the full cooperation of all PESONet participating banks.