THE Securities and Exchange Commission has signed a deal with state-owned Land Bank of the Philippines for a payment arrangement that would allow SEC applicants and registrants to pay the necessary fees through automated teller machines, debit and credit cards issued by LBP and any other banks recognized by Bancnet.
The SEC said on Tuesday that it recently signed a memorandum of agreement with LandBank for the said payment facility for corporate registration and application fees with the agency.
Under the MOA, Land Bank will establish Point-of-Sales terminals at the SEC head office and satellite offices in Robinsons Galleria, Ali Mall Cubao, SM North EDSA, and SM Manila, to facilitate acceptance of payments through the use of ATM, debit and credit cards.
POS is a payment device that allows ATM, credit and debit card holders to make payments other than cash.
SEC Chairman Teresita Herbosa said that the use of POS terminals at the SEC would further ease doing business with the agency as it will do away with cash transactions and the usual problems and disadvantages that go with it.
“Registrants now have the option to use their ATM cards in making their payments for Certificates of Company Registration and other applications. They need not be limited with cash transaction only and hence be assured that whatever payment mode they choose, they will be accommodated,” Herbosa said.