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China Bank Philippines has announced that its non-EMV ATM cards will be deactivated on April 30, 2017.
In a recent Facebook post, China Bank Philippines announced that all non-EMV ATM cards (with magnetic strip only) will be deactivated and can no longer be used on any ATM or POS terminal, starting April 30, 2017, Sunday. The bank advises its customers to get their free China Bank EMV ATM Card from their branch of account.
EMV stands for Europay, MasterCard, and Visa. It is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. Cards with EMV technology provide better security compared to magnetic strip-based cards.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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K L says:
bakit yung bpi wala pa upgrade sa EMV? mag stripe parin…
tae says:
BDO sent me a text about this as well. BPI wala pa.