PH Veterans Bank launches ATM-ID card
MANILA, Philippines - The Philippines Veterans Bank (PVB) is now offering an all-in-one card that serves as an ATM card, debit card, as well as a company ID.
The VeteranTeller All-In-One ATM/ID Card, the first of its kind in the country, can be used to perform various bank transactions, purchase goods and services from retail establishments, and even features a bar code that can be swiped at a timekeeping kiosk.
PVB vice president for corporate communications Miguel Villa-Real said the multi-functional card has undergone several improvements since it was introduced.
"I would characterize it as a collaborative effort with our clients because we really went deep and tried to understand what they needed to make their operations more efficient. At PVB, we believe in growing with our clients. Their success is our success as well,” he added.
The multi-functional card was first implemented in certain local government clients of PVB as a test market.
“More and more clients in the private sector are availing of this product. Not only does it create efficiencies because of reduced costs in human resource and administrative work, but some of our early adaptor clients have said that the system also boosts productivity because of stricter monitoring and the reduction in ‘slack periods’. All these benefits just by maintaining an account with PVB,” Villa-Real explained.