SSS NEWS UPDATE FOR OFW's:
SOCIAL SECURITY SYSTEM PHILIPPINES OPTED FOR PREPAID CARDS TO SERVICE SALARY LOANS
By: Teddy Cho
In photo from left Rep. Albee Benitez, Lakay Gonzalo (Emcee), SSS Officers Honorato Jun C. Carranza,Informal Sectors Dept., and Bella V. Bermudo, SSS Corporate Exec,11. Photos credited to Teddy Cho.
Members of the Social Security System (SSS) now have the option to receive their salary loans through Citi Visa Prepaid cards that provide borrowers a quicker, safer and more convenient means of receriving their loan proceeds.
SSS Vice-President and Officer in Chargeof Lending and Asset Management Division May Catherine Ciriaco said the agency will pilot the SSS Citi Visa Prepaid Card on March 6, 2014 for members applying for Salary Loan at SSS Branches in Diliman, Quezon Cityand in Buendia, Makati City which both account for a high volume of salary loan applications.
Members with the SSS Citi Visa Prepaid Card can get their salary loan funds automatically within days, instead of waiting for two weeks for their loan check to arrive through the mail. They no longer need to encash the check at the bank since they can already conveniently access their funds through ATM withdrawal or by swiping their card for purchases at Visa accredited merchants in the Philippines and overseas," Ciriaco said.
Citi is proud to partner with SSS in this innovation which will offer advantages not only to SSS members overseas but also to the SSS as an institution. said Batara Sianturi, CEO for Citi Philippines. Electronic payment is is the wave of the future, providing convenience as well as speed and enhanced security to every user.
The SSS Cti Visa Prepaid is accepted at more than 15,000 automated teller machines (ATM's) and over 200,000 Visa partner merchants in the Philippines as well as for online purchases. Members can use their cards globally wherever Visa Card is accepted at tens of million of retailers and top withdraw local currency at 2 million ATM's in more than 200 territories and countries worldwide. (VerGarciaBlogs)
SOCIAL SECURITY SYSTEM PHILIPPINES OPTED FOR PREPAID CARDS TO SERVICE SALARY LOANS
By: Teddy Cho
Members of the Social Security System (SSS) now have the option to receive their salary loans through Citi Visa Prepaid cards that provide borrowers a quicker, safer and more convenient means of receriving their loan proceeds.
SSS Vice-President and Officer in Chargeof Lending and Asset Management Division May Catherine Ciriaco said the agency will pilot the SSS Citi Visa Prepaid Card on March 6, 2014 for members applying for Salary Loan at SSS Branches in Diliman, Quezon Cityand in Buendia, Makati City which both account for a high volume of salary loan applications.
Members with the SSS Citi Visa Prepaid Card can get their salary loan funds automatically within days, instead of waiting for two weeks for their loan check to arrive through the mail. They no longer need to encash the check at the bank since they can already conveniently access their funds through ATM withdrawal or by swiping their card for purchases at Visa accredited merchants in the Philippines and overseas," Ciriaco said.
Citi is proud to partner with SSS in this innovation which will offer advantages not only to SSS members overseas but also to the SSS as an institution. said Batara Sianturi, CEO for Citi Philippines. Electronic payment is is the wave of the future, providing convenience as well as speed and enhanced security to every user.
The SSS Cti Visa Prepaid is accepted at more than 15,000 automated teller machines (ATM's) and over 200,000 Visa partner merchants in the Philippines as well as for online purchases. Members can use their cards globally wherever Visa Card is accepted at tens of million of retailers and top withdraw local currency at 2 million ATM's in more than 200 territories and countries worldwide. (VerGarciaBlogs)
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