PSBank to deactivate non-chip ATM cards on Sept. 1 | ABS-CBN
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
PSBank to deactivate non-chip ATM cards on Sept. 1
PSBank to deactivate non-chip ATM cards on Sept. 1
ABS-CBN News
Published Jul 11, 2017 04:19 PM PHT
MANILA - Philippine Savings Bank said Tuesday all cards not equipped with EMV or chip technology would be deactivated on September 1.
MANILA - Philippine Savings Bank said Tuesday all cards not equipped with EMV or chip technology would be deactivated on September 1.
The bank said the has issued EMV cards as early as January and all its 600 ATMs are compatible with the new standard.
The bank said the has issued EMV cards as early as January and all its 600 ATMs are compatible with the new standard.
The Bangko Sentral ng Pilipinas has given banks until June 2018 to replace magnetic stripe cards with chip-based cards to prevent fraud.
The Bangko Sentral ng Pilipinas has given banks until June 2018 to replace magnetic stripe cards with chip-based cards to prevent fraud.
Last month, BDO Unibank said 7 of its ATMs were compromised in a "skimming" attack wherein account information is stolen from the card's magnetic stripe.
Last month, BDO Unibank said 7 of its ATMs were compromised in a "skimming" attack wherein account information is stolen from the card's magnetic stripe.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
