LIPSTIQ
  • Home
  • Fashion
  • Wellness
    • Parenting
  • Celebrity
  • Lifestyle
  • Giveaways
SUBSCRIBE
No Result
View All Result
LIPSTIQ
  • Home
  • Fashion
  • Wellness
    • Parenting
  • Celebrity
  • Lifestyle
  • Giveaways
No Result
View All Result
LIPSTIQ
No Result
View All Result
Home News

PIN Verifications Will Replace Signatures On Credit & Debit Cards Soon

by Carmen Chong
June 13, 2016
Photo: Ringgitplus

Photo: Ringgitplus

Share on FacebookShare on Twitter
Photo: Ringgitplus
Photo: Ringgitplus

Bank Negara Malaysia (BNM) is about to replace the signature-based system for credit and debit card transactions with personal identification number (PIN) verification for strengthened security.

Eight million credit cardholders are now receiving their new cards in batches, and the exercise has already started to meet the January 2017 deadline by BNM. The other 21 million debit cardholders would have to go to their respective banks to collect their new cards.

Photo: Malaysia.gogoadv.com
Photo: Malaysia.gogoadv.com

This new system will act as a preventive measure as fraudsters tend to eye the old signature-verified system. As of now, this PIN from signature system is already implemented in Europe, Canada, Australia and New Zealand, while the Middle East is also making a similar move.

The PIN verification would prove to be effective when a card is lost or stolen. The new system comes with a chip that contains a unique cryptographic key that is not possible to copy or clone.

[Source]

Bank Negara MalaysiaIn the NewsMalaysian News
Share3Tweet2Send

Related Posts

instagram.com
Celebrity

CELEB SCENE: Addison Rae, Saweetie, Juwei Teoh And MORE Celeb Shots!

January 4, 2022
instagram.com
Celebrity

Celeb Scene: Hot Celebrity Fashion Moments This Week

December 10, 2021
nothingfamiliar.com
Lifestyle

Best Places To Take A Stroll At For A Touristy Weekend Around Kuala Lumpur!

May 1, 2021
News

Good News, Instant Fund Transfers Between Banks Will Be FREE Of Charge Starting Next Year

December 12, 2017
  • About Us
  • Careers
  • Contact Us
  • Media Kit
  • Privacy

LIPSTIQ participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites.

©2024 Vijandren Ramadass. All Rights Reserved.

No Result
View All Result
  • Home
  • Fashion
  • Wellness
    • Parenting
  • Celebrity
  • Lifestyle
  • Giveaways
No Result
View All Result
  • Home
  • Fashion
  • Wellness
    • Parenting
  • Celebrity
  • Lifestyle
  • Giveaways
We use cookies to improve your experience. Learn more