{"id":109295,"date":"2017-08-01T05:27:54","date_gmt":"2017-08-01T09:27:54","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=109295"},"modified":"2017-08-01T05:27:54","modified_gmt":"2017-08-01T09:27:54","slug":"banks-asked-to-install-additional-atms-security","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/01\/banks-asked-to-install-additional-atms-security\/","title":{"rendered":"Banks asked to install additional ATMs security"},"content":{"rendered":"
\"The<\/a>
The Committee on Commerce and Industry chaired by Councilor Candice Magdalane Tupas found out that depositors of national banks will receive a text message whenever a withdrawal was made in their account using an ATM card. (pna photo)<\/figcaption><\/figure>\n

ILOILO CITY, Aug 1\u2014 \u00a0Banks operating in this city are requested to install additional security measures to deter the theft of their depositors funds using automatic teller machines (ATMs).<\/p>\n

In a resolution authored by Councilor R Leone Gerochi, he mentioned that the convenience in withdrawing funds from ATMs has also \u201cmade it easy for criminals to steal the funds of depositors using special devices.\u201d<\/p>\n

\u201cCrimes are almost always discovered at a later date, which makes it hard for the depositor as well as the bank to investigate and identify the culprit,\u201d he said.<\/p>\n

Gerochi earlier pushed for the passage of an ordinance relative to the installation of additional features but was downgraded following the result of the committee hearing by the committee on commerce and industry.<\/p>\n

The Committee on Commerce and Industry chaired by Councilor Candice Magdalane Tupas found out that depositors of national banks will receive a text message whenever a withdrawal was made in their account using an ATM card.<\/p>\n

\u201cThe Bankers Association of Iloilo Inc. informed that mostly all banking institutions in the city have already implemented the text scheme. That goes true for all national banks but not yet for the local banks,\u201d Tupas said.<\/p>\n

Also national banks are dependent on the directive of their main offices based in Manila as far as the matter is concerned, she added.<\/p>\n

Nonetheless, Gerochi said that he just wanted to \u201cbring to the attention of banks how they should be updated with their security measure.\u201d<\/p>\n

\u201cI just wanted to air out concerns,\u201d he expressed.<\/p>\n

\u201cThere is a need to pass a resolution to tilt the balance in favor of the public demand to have their money safe and secure and urgently requesting banks to invest in additional measures to safeguard the funds of their smaller depositors,\u201d he added.<\/p>\n

The resolution was passed unanimously during Tuesday\u2019s regular session of the Sangguniang Panlungsod. (Perla G. Lena\/PNA)<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

ILOILO CITY, Aug 1\u2014 \u00a0Banks operating in this city are requested to install additional security measures to deter the theft …<\/p>\n","protected":false},"author":33,"featured_media":109297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,95],"tags":[20209,20208,20210,20211],"class_list":["post-109295","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news-ph","tag-automatic-teller-machines-atms","tag-councilor-candice-magdalane-tupas","tag-councilor-r-leone-gerochi","tag-the-committee-on-commerce-and-industry","mauthors-perla-g-lena","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=109295"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/109297"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=109295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=109295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=109295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}