The Social Security System (SSS) will release new Unified Multipurpose Identification System or "UMID" cards free to members before the end of the month.
The new UMID ID has a contactless chip and a magnetic stripe, which stores information. Apart from identification purposes, the UMID ID can be used as a transaction card that can eventually be used in withdrawing SSS benefits and loan proceeds from automated teller machines.
SSS President and Chief Executive Officer Emilio de Quiros, Jr. said other government agencies - Government Service Insurance System, Home Development Mutual Fund (Pag-IBIG) and Philippine Health Insurance Corporation - have joined the UMID system, which means easy and convenient transactions for members.
"Other state agencies can also join the UMID, which uses biometric technology and fingerprint matching to determine a person's identity, so more people can reap its benefits," he said.