RCBC unfolds Internet-based OFW service

The Rizal Commercial Banking (RCBC) launched Telemoney Direct, the first lnternet remittance service in the world to adopt Verified by Visa International’s global lnternet authentication service.

Located at www.rcbc.com, Telemoney Direct allows Filipinos around the world with Visa credit and debit cards enrolled for Verified By Visa to send remittances instantly to beneficiaries in the Philippines. Telemoney Direct is also the Philippines’ first Verified by Visa-enabled website.

There are no manual forms to fill up nor any complicated registration process for the sender to complete before using Telemoney Direct. The Visa cardholder can simply initiate a transaction at any time through the Internet from the comfort of their home or office, anywhere around the globe.

Upon system confirmation, funds are instantly credited to the beneficiary’s RCBC deposit account.

Telemoney Direct adopts Verified by Visa, Visa International’s global authentication service. This enables remitters to authenticate themselves to their card-issuers through a pre-registered confidential password known only to the cardholder, thereby preventing any unauthorized use of their Visa cards.

Visa for the Philippines country manager Anton Romulo said that overseas Filipinos are looking for a money transfer service that is convenient, affordable and safe. Telemoney Direct is the ideal solution to meet all these needs. Telemoney Direct offers 24/7 global access, instant funds transfer, a very simple transaction process and is very affordable. By incorporating Verified by Visa into the website, Telemoney Direct is one of the most secure remittance portals in the world today. We in Visa are proud to partner with RCBC in delivering yet another product that makes life easier for the overseas Filipinos.

We are confident that Telemoney Direct will become the preeminent platform for delivering remittance services to the seven million Filipinos in over100 countries today," Romulo explained.