LANDBANK bags award for cashless payment facility

Monday, May 7, 2018

The Land Bank of the Philippines was among eight government agencies and units awarded in this year’s OpenGov Recognition of Excellence (RoE) for “striving towards excellence in ICT strategies, policies and initiatives”. The awarding ceremony was held in conjunction with the Philippine OpenGov Leadership Forum on April 19 at the Dusit Thani Manila. 

LANDBANK Executive Vice President for Branch Banking Liduvino S. Geron received the award from OpenGov Asia Group Managing Director and Editor in Chief Mohit Sagar.

The Bank was recognized for the establishment of the LANDBANK Inclusive Banking Center (LIBC), a cashless payment facility for government fees piloted last year at the Land Transportation Franchising and Regulatory Board (LTFRB) head office in Quezon City.

LIBC is an interconnected and interoperable facility with Point-of-Sale (POS) terminals linked to the agency’s cashiering system to enable payment of government fees through any bank’s ATM or debit cards. Client-payors who do not have ATM cards for use in paying thru the POS terminal will be provided with pre-generated ATM cards. The facility also houses ATM machines and a Cash Deposit Machine for real-time deposits to the pre-generated ATM cards.

Also part of the Bank’s partnership with LTFRB is the establishment of the ePay Hub – an electronic retail payment system that enables the use of all bank cards for payment of fees, penalties, and franchises to replace existing cash transactions that are susceptible to graft and corruption.

Other awardees this year include the Bangko Sentral ng Pilipinas, City of Santa Rosa, Department of Finance, Department of Information and Communications Technology, Department of Interior and Local Government, Department of Labor and Employment, and the National Privacy Commission.