Last November 24, Security Bank filed a disclosure to the PSE that it will formally terminate its subsidiary, SB Cards Corp. The expiration of the corporate term of SB Cards Corporation is slated for December 31, 2024. Here's a copy of the disclosure to the Philippine Stock Exchange: SB Cards is a wholly owned subsidiary of Security Bank Corp. In 2003, Security Diners International Corporation was renamed to SB Cards Corporation along with offering Mastercard products. It is possible that since Security Bank Corporation operates the Classic Mastercard, SB Cards Corp. no longer has any practical use and be closed and everything else related to credit cards be operated by the mother company (i.e. Secure Digital (or SD for short) cards have been around since the early 2000s after three companies, Sandisk, Panasonic, and Toshiba all came together in 1999 to develop and market them as the industry standard. It's been almost twenty years since, and it's safe to say that their goal back in 1999 has been more than achieved, given the widespread use of SD cards. Read more in our articles including "Security Bank to cease SB Cards" and "A Complete Guide to SD Cards".
Last November 24, Security Bank filed a disclosure to the PSE that it will formally terminate its subsidiary, SB Cards Corp. The expiration of the corporate term of SB Cards Corporation is slated for December 31, 2024.
Here's a copy of the disclosure to the Philippine Stock Exchange: SB Cards is a wholly owned subsidiary of Security Bank Corp. In 2003, Security Diners International Corporation was renamed to SB Cards Corporation along with offering Mastercard products. It is possible that since Security Bank Corporation operates the Classic Mastercard, SB Cards Corp.
Our coverage of sb cards includes: "Security Bank to cease SB Cards"; "A Complete Guide to SD Cards"; "Moo Mini Cards: An Expensive Lesson in Proofreading". Each article provides unique insights and information.