SSS launches new EMV-enabled MySSS card

MANILA, October 5 ------ The Social Security System (SSS) has launched a new MySSS card with an EMV chip. With the new EMV-enabled card, borrowers can quickly get their loans from SSS, because it is a fully functional debit card linked to a savings account.

The card also acts as a valid ID, replacing the long-standing Unified Multi-Purpose Identification (UMID) card, and is linked with the Philippine Identification System (PhilSys) eVerify and biometric authentication. To apply for the MySSS card, SSS members must have an active account on the My.SSS Portal with updated personal information and must be registered with the National ID system.

Members can apply for the MySSS card through the My.SSS portal. They must consent to data sharing between SSS, the National ID system, and the partner bank. RCBC will be the first bank to implement the new MySSS card, but Asia United Bank (AUB), China Bank, and Union Bank of the Philippines will be partnering banks soon as well.

After online verification and identity confirmation, members open a bank account either using their online app or by visiting a branch. The partner bank will produce and distribute the cards. Metro Manila residents will receive their cards within 15 working days, while those outside Metro Manila will receive theirs within 20 working days. This is similar to Pag-IBIG Fund's Loyalty Card Plus, which is also an EMV-enabled card linked to a savings account.

Source: news.abs-cbn.com