BSP Fraud Controls on ATMs and POS Devices

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BSP MEMORANDUM NO. M-2014-040: BSP Fraud Controls on ATMs and POS Devices

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Title Supreme Court: BSP Fraud Controls on ATMs and POS Devices

Law: Bsp Memorandum No. M-2014-040

Decision Date: Oct 3, 2014

The Philippine law, BSP Memorandum Order No. M-2014-040, requires banks to implement multiple security measures, including the migration to EMV technology, to protect electronic payment cards from skimming attacks until January 1, 2017, or face potential sanctions.

card fraud

skimming attacks

electronic payment cards

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