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Professionals to benefit from UCPB, PRC and BTr partnership

Professionals to benefit from UCPB, PRC and BTr partnership
UCPB Executive Vice President and Head of Branch Banking Group Edmond E. Bernardo and Professional Regulation Commission Chairman Teofilo S. Pilando, Jr. (3rd and 4th from left) sign an agreement to enable Filipino professionals to conveniently pay for their fees at any UCPB branch. Joining them (from left) Vice President and South Luzon Region Head Jocelyn T. Gomez, Vice President and Marketing Group Head Charina D. Balanquit and PRC Commissioner Dr. Jose Y. Cueto, Jr. Also, present during the signing were (from left) UCPB Sto. Tomas Branch Manager Maria Theresa C. Santos, Product Development and Sales Department Head Erica C. Diago, PRC Director Jane R. Seveses, PRC Secretariat Atty. Janice P. Castellano, Jesusa DL. Mendoza and Atty. Jebert Benedict J. Bernabe.

More than four million Filipino professionals can now conveniently pay for their Professional Regulation Commission (PRC) license renewal fees at any UCPB branch. In addition, applicants intending to take the various licensure examinations and successful passers who will be registering for the first time will also be able to pay for examination application and initial registration fees respectively.

These were made possible through an agreement signed by UCPB, PRC and the Bureau of Treasury (BTr) to utilize the Bank’s channels, particularly its 188-branch network and in the future, its electronic banking facilities for the PRC payments. The partnership aims to provide convenience to Filipino professionals by providing additional payment options.

“With 44 professions and a focus on the regulation of practice, the PRC is faced with a growing set of responsibilities. We look upon our partners especially those in the financial community to provide a convenient and affordable way for our professionals and examinees to pay for their fees or maintain their licenses. With UCPB’s technology and know-how, we will be able to fulfill our responsibilities,” PRC Chairman Teofilo S. Pilando Jr. said.

The agreement was signed by UCPB Executive Vice President and Branch Banking Group Head Edmond E. Bernardo, UCPB Vice President and Marketing Group Head Charina D. Balanquit, PRC Chairman Teofilo S. Pilando Jr., and PRC Commissioner Dr. Jose Y Cueto Jr. at the UCPB Corporate Offices.

“We are grateful for this partnership and we are positive that the value we will deliver through this agreement is more than just the multiple ways for our customers to settle their payments but the opportunity to improve the overall customer experience and ensure that payment methods seamlessly integrate into their everyday lifestyle.” UCPB EVP Bernardo said.

Date published: January 10, 2019

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Customer Advisories

BSP’s Warning Against the Improper Handling of Philippine Currency

The Bangko Sentral ng Pilipinas (BSP) warns the public that the willful defacement, mutilation, tearing, burning or destruction of Philippine banknotes and coins are punishable by a fine of not more than PHP20,000.00 and/or imprisonment of not more than five years, under Presidential Decree No. 247. It also states that Philippine “banknotes and coins are issued for circulation as medium of exchange and to utilize them for other purposes does not speak well of the due respect and dignity befitting our currency.”

The following are among the prohibited acts of defacement and/or mutilation of Philippine currency:

writing or putting marks on banknotes;
willful tearing, burning, or destruction, in any manner, of Philippine currency;
willful and excessive folding or crumpling that results in a breakdown of the structure and limpness of the banknote;
willfully causing multiple random folds across the entire banknote that toughly affect its visual appearance; and
willfully exposing banknotes or coins to chemicals or other materials resulting in the acceleration of the defacement, destruction, or natural wear and tear of the note or coin.

The public is also discouraged to staple banknotes and/or use adhesives to put on banknotes and coins as these will compromise their structural integrity.

The BSP encourages the public to report any information on improper handling of Philippine currency to the nearest police station or law enforcement agency, for appropriate action, or contact the Currency Management Sector for assistance at Tel. Nos. 988-4833 and 926-5092.


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