The BSP has existing regulations on e-banking as well as the standards and guidelines on security requirements, i.e., Manual of Regulations for Banks (MORB) Sec. 701, Circular No. 808, and Circular No. 859. However, there is a need to update the minimum e-banking services that can be offered by banks to include fund transfer and escrow facilities.

Not all banks are offering the complete line of e-banking services.  Services vary with some implementing tighter security measures than others.