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Feature: Electronic transaction to reduce corruption

Davao City (18 December) -- The implementation of the Electronic Payment and Collection System (EPCS) by the government will make services quicker and more effective.

The new scheme took effect when Trade Secretary Peter Favila and Finance Secretary Margarito Teves signed the guidelines on EPCS.

"The guidelines will minimize face-to-face interaction in payment transaction with the corruption and red tapes in the workplace," said Favila in a press statement.

He said it makes it easier for citizens, businessmen, and investors to transact with the government at any time and place.

Teves on the other hand said electronic transactions will make it easier to monitor payment, which help them minimize government's financial resources and will allow them to make more and better health and education services available to the people.

He said it will also give them way to invest in infrastructure that improves business and creates jobs.

The full implementation of the E-commerce Act was one of the recommendations by government and industry leaders to President Arroyo as it enables more government agencies to implement end-to-end electronic commerce transactions which are a concrete step towards global competitiveness.

In a joint Department Administrative Order (JDAO) No. 02 series of 2006 prescribing the guidelines implementing RA 8792 on EPCS in government allows electronic payments through credit cards, automated teller machines (ATMs), debit cards, stored-value cards, mobile wallet payments and kiosks.

The guidelines will apply to all government offices that currently use or intend to use EPCS to collect fees, charges, assessment and revenues.

The JDAO also created a Government Electronic Payment and Collection Systems Evaluation Team (GEPCSET) composed of representatives from the Department of Finance (DOF), Department of Trade and Industry (DTI), Bureau of Treasury (BTr), National Computer Center (NCC), and the Bangko Sentral ng Pilipinas (BSP) to evaluate, accredit and recommend the approval of applications of EPCS. (PIA) [top]

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