Bank and non-bank collection partners of the Social Security System (SSS) are making the necessary system recalibration for the implementation of real-time processing of contributions (RTPC) which will start on January 16, 2018.
SSS President and Chief Executive Officer Emmanuel F. Dooc said that bank and non-bank collection partners were gathered last November 28 for follow-up discussions on enhancements in policies, systems and procedures required for RTPC.
“To ensure the efficient implementation of our process’ improvements, we have to engage all the concerned parties on the enhanced process flows in our electronic collection system (e-CS),” Dooc said.
Under the RTPC, collection partners are tasked to encode and validate employers’ and members’ Payment Reference Number (PRN) by sending validation request to the SSS system. Upon validation, they can now accept contribution payments and send payment confirmation to the SSS for immediate posting.
“We also distributed the technical specifications for RTPC to have their systems in sync with the SSS e-CS,” Dooc added.
Starting December 1, 2017, all employers and individually-paying members including self-employed, non-working spouse, overseas Filipino workers (OFWs) and voluntary members were required to create their personal accounts in the My.SSS portal at the SSS website.
With the mandatory registration to My.SSS facility, the system shall generate electronic collection lists (e-CL) for employers and electronic statements of account (e-SOA) for individual members.
“Employers and members can also access the e-CL ande-SOA in case they want to review and update the SSS information such as newly-hired and separated employees, preferred applicable period of payment or amount of contribution,” Dooc added.
Upon validation and confirmation of e-CL and e-SOA, the SSS online facility will issue the Payment Reference Number (PRN) that will be used in paying contributions through the automated tellering systems in SSS branches and the various payment channels of bank and non-bank collection partners.
“As we begin the reforms in our service delivery, we are asking for the understanding and full cooperation of everyone, especially our employers, members and collection partners,” Dooc concluded.
Among the partner banks that committed to implement the RTPC are Asia United Bank (AUB), Bank of Commerce (BOC), Banco de Oro (BDO), Bank of the Philippine Islands (BPI), China Bank, Land Bank of the Philippines (LBP), Metropolitan Bank and Trust Company (Metrobank), Philippine National Bank (PNB), Philippine Savings Bank (PSBank), Rizal Commercial Banking Corporation (RCBC), Security Bank, United Coconut Planters Bank (UCPB) and Union Bank of the Philippines (UnionBank).
Meanwhile, non-bank collection partners, namely BancNet, CIS Bayad Center, G-Xchange Inc., iRemit Inc.,Lucky Money Inc., Pinoy Express Hatid Padala Services, Sky Freight Forwarders Inc., SM Mart Inc. and Ventaja International Corp., also signified their interest in supporting the RTPC.