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Combatting bank scams and frauds

Scams and frauds remain a serious threat to financial institutions and consumers, especially these days when fraudsters are becoming more sophisticated as the technologies...

BancNet 28th Anniversary: Furthering e-payments in the country

Having started operations in July 1990, BancNet has been known to deliver safe, efficient, and reliable services to its members, including transactions not only...

AUB completes migration to EMV cards

ASIA UNITED Bank Corp. (AUB) has completed its migration to microchip-based bank cards, meeting the end-June deadline set by the central bank.

BSP sticks to June 30 deadline for banks’ EMV shift

THE CENTRAL BANK will stick to its June 30 deadline for all banks to shift to microchip-based cards and terminals to elevate security standards.

UnionBank to deactivate magnetic strip cards by March 31

UnionBank of the Philippines is set to deactivate all magnetic stripe cards by the end of March in line with the industry's migration to...

Shifting to a safer payment system

WITH THE increased needs for security against card frauds, several measures have been developed to protect cardholders. Financial institutions are now in the process...

UCPB completes bank card, ATM migration to EMV standard

THE United Coconut Planters Bank (UCPB) has completed a process of upgrading bank cards and automated teller machines (ATMs) to a microchip-based technology, months...

EastWest gives customers until Dec. 4 to claim new EMV cards

EAST WEST Banking Corp. (EastWest) has set a Dec. 4 deadline for clients to claim their microchip-embedded cards, well ahead of the deadline set...

BSP bullish banks can meet EMV shift deadline

By Janine Marie D. Soliman, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) is bullish all banks will be able to fully migrate their systems to the...

National ID to help deter welfare fraud — Diokno

THE GOVERNMENT’S provision of relief from higher prices of commodities due to higher taxes will drive the need for a national identification system to...