RCBC introduces digital solutions for payroll systems

Yuchengco-led Rizal Commercial Banking Corp. (RCBC) reported that it has introduced innovative, mobile and digital-based solutions to improve payroll systems in response to the challenges faced by the banking public in their payroll experiences.

In a statement, the bank said some of the challenges faced by corporates as well as individual clients include tedious and paper-based account opening process, slowdown in both corporate and personal online banking during the payroll period, and long turnaround time in releasing payroll cards. 

RCBC’s Head of Global Transaction Banking Martin Tirol said the new system offers a seamless payroll experience for employees, a faster and convenient way to open their payroll accounts.

“Through initiatives such as the Digital Payroll Portal and the RCBC Pulz mobile banking application, we aim to revolutionize the payroll experience for both individuals and corporate clients,” Tirol added. 

The RCBC Digital Payroll Portal is an online payroll account-opening platform. 

Unlike traditional methods that often involve tedious paperwork and lengthy processing times, this innovative portal facilitates a straight-through account application, which means employees can now open their payroll accounts efficiently and conveniently, without the need for physical document submissions.

Moreover, RCBC Pulz, the bank's latest mobile banking application, introduces additional benefits for employees. Through features like PayDay Now and Salary Loan Now, users gain access to expedited payroll services directly from their mobile devices. 

This redesigned application prioritizes ease of use and convenience, enabling users to manage their finances effortlessly while on the go. 

“By leveraging these digital solutions, RCBC empowers individuals to take control of their financial transactions with unprecedented speed and efficiency,” Tirol added.