UnionBank unveils Digital Solutions that help build Businesses for Beyond Spearheading innovation in transaction banking

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Union Bank of the Philippines (UnionBank) embarked on a digital transformation journey in 2016, long before the COVID-19 pandemic underscored the importance of digital readiness. 

This forward-thinking approach has enabled UnionBank to position itself as a digital trailblazer in the financial sector, allowing them to scale their operations efficiently and stay ahead of the curve.

One of the most striking aspects of UnionBank's digital transformation is the overhaul of their customer touchpoints. The bank has gone the extra mile to provide a seamless and enhanced experience for its customers: from transforming physical branches into today’s ‘Arks’ — advanced, digitally-integrated spaces catering to customers’ various needs — to developing user-friendly, online banking applications which allow them to conveniently access their accounts and manage their finances within the comforts of their homes, and even the creation of a specialized platform which addresses the unique needs of corporate clients. UnionBank’s tailored approach is an excellent demonstration of the bank’s commitment to meeting the diverse requirements of its customer base, as it embraces the advantages of the digital age.

UnionBank's core strength lies in transaction banking, with 51% of their deposits originating from corporate clients, surpassing the industry benchmark of 45%. The adept manner in which they handle their transaction banking processes has led to quicker and more secure financial transactions, and has earned the trust of their corporate clients in the process.

Unionbank recognizes the evolving business landscape and is committed to helping other enterprises succeed in the digital age by ushering in a new era of innovative transaction banking solutions. Unionbank aims to empower businesses — to be built for beyond.

PayExpress

A first of its kind, PayExpress, is an electronic supplier payment solution with automated Check Disbursements and Creditable Withholding Tax (CWT) Generation. Unionbank understands the significance of streamlining supplier payments and enhancing efficiency — and PayExpress does just that. It allows clients to conveniently manage transactions by collecting Official Receipts (ORs) from suppliers and vendors prior to disbursing or crediting payments. 

What sets PayExpress apart is its immediate generation of Creditable Withholding Tax (CWT) and Invoice Vouchers, sent directly to nominated email addresses of suppliers and vendors, once the ORs are collected and funds are credited to payees.

PayExpress complements the Bureau of Internal Revenue's (BIR) forward-looking strategy to adopt an e-Invoicing and e-Receipt System. The initiative is a significant step in the modernization of the country's tax documentation processes. By providing a secure and efficient platform for collecting Official Receipts (ORs) and generating essential documents like Creditable Withholding Tax (CWT) and Invoice Vouchers, PayExpress helps businesses seamlessly adapt to these evolving tax regulations. This alignment not only simplifies tax compliance but also contributes to the overall transparency and efficiency of financial operations.

Payroll Digital Account Opening (eDAO)

Say goodbye to in-person bank visits when setting up payroll accounts with Unionbank’s Payroll Digital Account Opening (eDAO). eDAO is a solution which provides efficient, paperless, and fully-digital end-to-end ePaycard payroll and corporate disbursement solution for corporate clients to their employees. Corporations can now efficiently distribute salaries, while offering an array of value-added benefits to their employees allowing them to open an account at the convenience in their own home.

Moreover, eDAO also complements the upcoming Bank Account Portability For Workers Act (Hb7619), granting private sector employees the prerogative to select and change their preferred bank accounts, thereby liberating them from the constraints of a one-size-fits-all banking system.

In essence, eDAO not only simplifies the account setup process for corporations; it also positions UnionBank as a forward-thinking institution aligned with legislative changes aimed at enhancing the financial flexibility and convenience of employees.

Remote Check Deposit

Remote Check Deposit (RCD), redefines the way checks are deposited. With RCD, corporate clients can effortlessly use a check scanner to deposit a hundred checks at a time online, eliminating the need for branch visits. All they need to do is upload the images along with the check details on The Portal, and UnionBank will take care of the rest — from validating the submitted images and details to depositing the approved checks. RCD supports deposits of both current-dated and post-dated checks, with a cap of PhP20,000,000. Clients can conveniently track their status online, from warehousing to clearance and return. RCD also provides a clear display of cleared and bounced checks, making it a cutting-edge innovation in check payments, perfectly complementing the bank’s mobile check deposit service

Mobile Check Deposit

The implementation of the Check Image Clearing System, adopted by the Philippine Clearing House Corporation (PCHC) in 2017, marked a significant advancement in the modernization of banking processes. This innovation eliminated the need for physically transporting checks for clearing, as only check images and their electronic payment information were required to be transmitted to the paying bank. In tandem with advancements in mobile technology, UnionBank introduced its award-winning Mobile Check Deposit (MCD) in 2020, effectively reshaping the operational landscape for business clients. MCD capitalizes on the prevalence of the most commonly used gadget – a smartphone — by allowing corporate clients to conveniently deposit checks at their preferred time and place, thereby overcoming the limitations of having to visit traditional physical counters and embracing the convenience of a digital interface.

The PORTAL

All these cutting-edge transaction banking solutions are all conveniently accessible through a single platform known as "The Portal”. This one stop shop corporate banking facility offers corporate clients seamless access to UnionBank's extensive array of products and services, making it the go-to choice for large corporate entities seeking a convenient, secure, and efficient solution for their day-to-day financial transactions.

The future of banking is here, and UnionBank remains dedicated to elevate businesses’ transaction banking experience through its continuous pursuit of innovative solutions.

About UnionBank

UnionBank has always been among the first to embrace technological innovations to empower its customers into the future of banking. It has consistently been recognized as one of Asia’s leading companies, ranking among the country’s top universal banks in terms of profitability and tech efficiency.

UnionBank stands firm in its promise to power the future of banking through "Tech-Up Pilipinas" to best serve the growing needs of Filipinos everywhere, while pioneering innovations for a better world.

ArenaPlus and BingoPlus committed to up the excitement of 48th PBA Commissioner's Cup

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ArenaPlus, the Official Sports Entertainment Gateway of the Philippine Basketball Association (PBA) and its Official Bingo Entertainment Partner, BingoPlus, fully committed to make PBA Season 48 truly exceptional by bringing the entertainment and excitement level of basketball fans to new heights.

The official sportsbook of the PBA hyped up the season for basketball fans by presenting this year’s PBA Annual Leo Awards that recognizes the exceptional players of the previous season. Named after the league’s founding commissioner, Leo Prieto, the Leo 2023 awardees were led by San Miguel’s Junemar Fajardo who received his historic seventh Most Valuable Player Award during the opening ceremonies.

The brand’s very own “AstigGirls” and “BingGirls” joined the opening day entertainment extravaganza that featured young actress Chie Filomeno, boy group Alamat and the rollicking performances of Jose Manalo and Wally Bayola.

Leading up to the PBA opening, ArenaPlus co-presented the PBA Fun Run 2023 last October 22 at Bridgetown Destination Estate in Pasig City. Thousands of fans participated in this interactive event to show support for their favorite PBA teams and to enjoy the authentic PBA experiences at the ArenaPlus booth where they can play games, win prizes, and take home free merchandise as souvenirs.

The brand’s official dance group, the “Astig Girls” provided more fun and high energy at the event. PBA court idols Simon Enciso of the San Miguel Beermen, Jio Jalalon and Abu Tratter of Magnolia Chicken Timplados Hotshots, Rain or Shine Elasto Painters rookie Keith Datu, and Blackwater Bossing coach Jeffrey Cariaso played games with fans at the brand’s booth and ran with their fans on the track.

Following this pre-opening event, BingoPlus and ArenaPlus also provided fun and entertainment at the 2-day PBA Media Day held on October 24-25 at One Esplanade in Pasay City. In a Filipino culture-themed event, all twelve PBA teams gathered in preparation for the season. The GILAS Pilipinas men’s basketball team also attended the event to show support for the competing teams.

D uring the opening, ArenaPlus' official ambassador, Scottie Thompson of Barangay Ginebra San Miguel, expressed his gratitude towards the brand for supporting the PBA and his basketball career.

"We're truly excited about this PBA season. I feel truly blessed to be part of the ArenaPlus family, which has given me unwavering support for my PBA and GILAS journeys. ArenaPlus is truly committed to working hand in hand with the PBA and to make basketball enjoyable and entertaining for all Filipino fans anytime, anywhere,” Scottie said.

ArenaPlus and BingoPlus proudly stand as the flagship brands of Digiplus Interactive Corp, solidifying its position as a leading gaming and leisure provider in the country. With a reputation for excellence and innovation, Digiplus Interactive Corp continues to enrich the gaming experience for Filipino players across the nation. To know more, download the app now in Google Play and App Store.

Lavatory Logistics: Understanding Aircraft Lav Carts

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Even though they are not always given the attention they deserve, aircraft lavatory carts are an essential part of the aviation business. These specialized carts are in charge of preserving the cleanliness and functionality of the restrooms found aboard commercial airplanes. As a result, travelers can rest assured that they will have access to restrooms that are both comfortable and hygienic during the duration of their flights. This extensive tutorial will go deep into the world of aviation lavatory carts and give you with six helpful recommendations to better your comprehension of this crucial equipment. 

Components As Well As Characteristics

It is necessary to break down the components and functions of airplane lavatory carts in order to get a complete understanding of their functionality. These carts come equipped with various mechanisms, including waste tanks, freshwater tanks, pumps, hoses, vacuum systems, and more. Each component is essential to the operation of the lavatory carts, which helps ensure they run smoothly and effectively. 

Portable lavatory carts are outfitted with waste tanks that have been purpose-built to collect and store human waste. 

These tanks have been designed to safely and hygienically process waste in a variety of forms. The potable water that is used for flushing toilets and giving passengers clean running water for handwashing is stored in the freshwater tanks that are attached to lavatory carts. These tanks also store fresh water. To transport waste and water to and from the restrooms, lavatory carts are equipped with strong pumps and hoses. These components are extremely important to the general function in order to grasp the relevance of aviation lavatory carts, it is essential to have a working knowledge of the process of waste disposal. These carts are responsible for the collection and management of human waste in a way that is both discrete and effective. 

In particular, vacuum systems play an important role in producing the necessary suction to remove waste from the restrooms, relieving passengers of any discomfort and protecting them from unpleasant odors. 

Water Supply 

The aircraft lavatory carts play an important part not only in giving fresh water to the lavatories so that passengers may flush the toilets but also in distributing clean water to passengers so that they can wash their hands. Tanks, pumps, and various distribution systems are all part of the system that provides water. It is essential to have a comprehensive understanding of this system in order to guarantee that passengers will have access to all of the necessary amenities while they are in the air.

Compliance With Regulations

Lavatory carts for airplanes are required to comply with the severe laws and guidelines imposed by aviation authorities because this industry is subject to a great deal of oversight and regulation. These regulations address issues pertaining to environmental concerns, processes for maintaining hygiene, and safety standards. Airline employees and ground personnel must get familiar with these regulations in order to guarantee compliance and maintain passenger safety.

Perform General Upkeep And Cleaning

The operation of lavatory carts needs to have regular maintenance and cleaning performed on them. 

Lavatory carts need to be cleaned and maintained on a routine basis so that they may continue to meet the highest possible hygiene requirements and continue to perform properly. ality of the carts because of the roles that they perform in the carts.

In order to generate suction inside the waste tanks, vacuum systems are utilized. This makes the collection of trash from the stalls in the restrooms much simpler and more effective.

The Method Of Disposing Of Waste

Sanitizing the waste and water tanks, inspecting the hoses and pumps, and making sure that all of the components are in good functioning condition are the normal steps involved in this process. It is vital to do routine maintenance in order to prevent contamination and protect the health and comfort of passengers.

Effectiveness In Work And New Ideas

The design and functioning of aircraft lavatory carts are constantly being updated and improved. The makers are continuously improving the aircraft lav cart to be more user-friendly, energy-efficient, and environmentally friendly as technology continues to evolve. Maintaining up-to-date knowledge of the most recent advancements in lavatory cart technology can be advantageous for airlines that want to improve the quality of the customer experience and the services they provide.

Conclusion

Although aircraft lavatory carts might not be the first thing that comes to mind when thinking about the aviation sector, there is no denying their importance. The importance of their work in maintaining passenger comfort and cleanliness during flights cannot be overstated.