In light of the recent series of ATM skimming, the Central Bank has reiterated its message for people to be careful when making withdrawals in Automated Teller Machines (ATMs). The Banko Sentral ng Pilipinas have mandated that all banks switch to the EMV chip on all their ATM cards before January 2017. News have been spreading the entire week that dozens of BPI customers have reported unauthorized withdrawals from their ATM accounts. The missing amounts range from a few thousand pesos up to Php60,000 and a lot of the victims point to an ATM machine at the Powerplant, Rockwell Mall. Just a while ago, we also noticed that BPI has started sending out email alerts whenever there is a withdrawal made in its ATM machines. The email alerts are almost instantaneous and contains details about the amount, date and time, ATM Terminal ID and location. BPI has had this feature for a long time and we've been getting email alerts for online or mobile transactions (bills payment, fund transfers, etc), however this is the first time we got an alerts when making an ATM withdrawal. BPI must have auto-activated this on all ATM clients after the series of ATM skimming incidents broke in the primetime news. Read more in our articles including "BSP gives banks until January 2017 to switch to EMV chip ATM" and "BPI starts sending withdrawal alerts after ATM skimming".
In light of the recent series of ATM skimming, the Central Bank has reiterated its message for people to be careful when making withdrawals in Automated Teller Machines (ATMs). The Banko Sentral ng Pilipinas have mandated that all banks switch to the EMV chip on all their ATM cards before January 2017.
News have been spreading the entire week that dozens of BPI customers have reported unauthorized withdrawals from their ATM accounts. The missing amounts range from a few thousand pesos up to Php60,000 and a lot of the victims point to an ATM machine at the Powerplant, Rockwell Mall. Just a while ago, we also noticed that BPI has started sending out email alerts whenever there is a withdrawal made in its ATM machines.
Our coverage of atm skimming includes: "BSP gives banks until January 2017 to switch to EMV chip ATM"; "BPI starts sending withdrawal alerts after ATM skimming"; "BDO blocks ATM cards over skimming issues". Each article provides unique insights and information.