{"id":127799,"date":"2017-10-31T07:22:03","date_gmt":"2017-10-31T11:22:03","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=127799"},"modified":"2017-10-31T07:22:03","modified_gmt":"2017-10-31T11:22:03","slug":"bdo-urges-account-holders-to-get-emv-chip-cards","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/31\/bdo-urges-account-holders-to-get-emv-chip-cards\/","title":{"rendered":"BDO urges account holders to get EMV-chip cards"},"content":{"rendered":"
\"Sy-led<\/a>
Sy-led Banco de Oro Unibank Inc. (BDO) is urging its account holders to apply for their EMV-chip powered debit cards to further protect them against criminals who target electronic banking activities. (Photo<\/a>: BDO Unibank\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA — Sy-led Banco de Oro Unibank Inc. (BDO) is urging its account holders to apply for their EMV-chip powered debit cards to further protect them against criminals\u00a0 who target electronic banking activities.<\/p>\n

In a statement, BDO Executive Vice President and Transaction Banking head Edwin G. Reyes said the bank aims to give their account holders holistic protection against fraud.<\/p>\n

\u201cBut to achieve this, clients must obtain their EMV chip debit card which is now available at their branch of account free of charge,\u201d he said.<\/p>\n

Bangko Sentral ng Pilipinas (BSP) has given banks until June 30, 2018 to fully comply with the use of EMV-enabled automated teller machine (ATM) cards after domestic banks failed to meet the original deadline of January 1, 2017. Banks that fail to meet the deadline will be penalized.<\/p>\n

Despite failure of most banks to meet the January 1, 2017 EMV-compliance deadline, BSP Governor Nestor A. Espenilla Jr. earlier said some financial institutions had improved their multi-factor authentication\u00a0 (MFA) system to increase their capacity against cyber attacks.<\/p>\n

BDO said that aside from upgrading its ATM terminals and Point-of-Sale (PoS) terminals into EMV, the banks have to eventually deactivate all their magnetic strip-only debit cards.<\/p>\n

It said all its almost 4,000 ATMs nationwide have been EMV-certified in October, making BDO the first bank to fully shift its ATM network ready for EMV transactions.<\/p>\n

\u201cOther enhancements are targeted for completion within the first half of 2018,\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — Sy-led Banco de Oro Unibank Inc. (BDO) is urging its account holders to apply for their EMV-chip powered …<\/p>\n","protected":false},"author":33,"featured_media":127800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[30680,14678,30679],"class_list":["post-127799","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-account-holders","tag-banco-de-oro-unibank-inc","tag-emv-chip-cards","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/127799","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=127799"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/127799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/127800"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=127799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=127799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=127799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}