Title
Telemoney order remittance service rules
Law
Ppc Circular No. 93-14
Decision Date
Apr 14, 1993
The Philippine Postal Corporation (PHILPOST) and Rizal Commercial Banking Corporation (RCBC) launch the Telemoney Order Service (TOS) to streamline remittances for Overseas Contract Workers (OCWs), enabling efficient transfer of funds to their families through a specialized money order system.
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Responsibilities of Money Order Section, Central Office (Issuing Office)

  • Verify payee schedules and service fees with RCBC-issued cashier's checks.
  • Deposit cashier's checks into PHILPOST account promptly.
  • Issue Telemoney Order Cards (TOC), indicating amount, payee name, RCBC as remitter.
  • Prepare transmittal letters, Registry Return Receipts, and ensure mailing via DEEMS (or registered mail).
  • Maintain cashbook records and submit monthly financial reports to Resident Auditor, Chief Accountant, Postal Inspector.
  • Submit acknowledgment receipts to RCBC within 48 hours of delivery.

Duties of Paying Office/Post Office of Destination

  • Verify receipt of TOS mails via registry or DEEMS waybills.
  • Deliver Telemoney Order mails immediately to payees with acknowledgment receipt signed.
  • Procedures for handling undeliverable mails, including leaving notice cards and safe storage.
  • Return undelivered TOCs back to Money Order Section within 10 days.
  • Mark dispatch bags containing TOS mails distinctly with "TELE" for priority handling and processing.
  • Adopt flexi-time schedules to ensure timely receipt and processing outside regular hours.

Payment Procedures for Payees Presenting TOC

  • Payment may be made from Money Order collections, General Fund, or Cash Advance.
  • TOCs marked "For Deposit" or "Paid" accordingly and properly recorded.
  • Detailed submission and verification of paid TOCs and supporting lists to Chief Accountant and Money Order Section.
  • Monthly lists of TOCs paid must be certified by the Postmaster, with copies distributed to relevant offices.

Accounting Section, Central Office Responsibilities

  • Record total TOCs issued, fees received, and deposits made.
  • Prepare monthly reconciliation statements and initiate corrective actions for discrepancies.

Reporting Requirements

  • Postmasters submit weekly monitoring reports every Monday covering remittances and delivery status.
  • Money Order Section compiles weekly reports for Postmaster General, including data on amounts, fees, deliveries, and undelivered mails.
  • Daily reports submitted during pilot period include detailed transaction data.
  • After pilot period, reporting extended to cover other areas under further circular.

Inspection and Monitoring

  • Postal District Officers conduct weekly inspections in pilot areas.
  • Continuous monitoring by Regional Directors with weekly reporting to Postmaster General.
  • Postmasters tasked to ensure priority handling of TOS mails, prompt mailbag opening, and contingency for absent mail carriers.

Awards and Recognition

  • Top ten performing post offices in pilot areas to receive monthly awards.
  • Selection based on criteria proposed by Regional Directors and approved by central office.

Effectivity and Enforcement

  • The order takes effect on May 3, 1993.
  • Violations of rules subject officials/employees to administrative and/or criminal actions.
  • Regional Directors responsible for monitoring compliance and dissemination.

Pilot Areas for Implementation

  • Specific regions enumerated, including provinces and municipalities in Regions II, V, VII, VIII, and IX.
  • Commitment to deliver Telemoney Orders within 48 hours in pilot areas.

Key Legal and Administrative Concepts

  • Strict adherence to procedural guidelines ensures transparency and accountability.
  • Cooperation between government postal service and private banking sector.
  • Use of registered and express mail services to secure remittance documents.
  • Detailed recordkeeping and timely reporting critical to efficient service delivery.
  • Provisions for handling undelivered remittance orders protect payees' interests and institutional accountability.

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