The Social Security System (SSS) has accredited Security Bank Corporation (SBC) as its first partner for the electronic file and fund transfer of SSS reimbursements under the Sickness and Maternity Benefit Payment Thru the Bank program.
Employers that enroll their SBC savings or current accounts with SSS will be automatically reimbursed for their workers’ benefits in as little as five days instead of waiting for up to 19 days to get SSS checks thru mail.
Photo shows SSS President and Chief Executive Officer Emilio de Quiros, Jr. (4th from left) and SBC PCEO Alberto Villarosa (4th from right) shake hands after they signed the agreement at the Security Bank Centre in Makati City on June 22. Also present were (from left) SSS Special Assistant to the PCEO Ma. Lourdes Mendoza, SSS Vice President for Benefits Administration Division Agnes San Jose, SSS VP for Treasury Division Gamelin Oczon, SBC Executive Vice President for Corporate and Investment Banking Segment Eduardo Olbes, SBC Senior Vice President and Corporate Banking Group Head Ma. Cristina Tingson and SBC SVP for Information Technology andTransaction Banking Groups Daniel Yu.