The Bangko Sentral ng Pilipinas (BSP) announced in a press release that it is “finalizing new rules” for banks, e-wallets, and other financial service provides to adopt ‘stronger safeguards’ against online gambling. A key measure is stricter identity verification through biometric checks such as facial recognition, a security feature already used by platforms like GCash to authorize logins. Just received an SMS from my account manager from Security Bank early this morning (this was after one missed call). Then, we noticed several other Security Bank customers also report of the same SMS confirmation (just that mine was more personalized). I was also told by my account manager that this is a new security policy they are enforcing, especially if the withdrawals are sizable. Read more in our articles including "What to do if you accidentally send money to the wrong GCash number" and "GoTyme Bank Ends Linked Bank Cash‑Ins Under New BSP Rules".
This is not an unusual case — you send funds to a GCash number and…
Apr 13, 2026
GoTyme Bank permanently discontinued its popular “cash‑in via linked bank account” feature, ending a convenience…
Feb 14, 2026
The Bangko Sentral ng Pilipinas (BSP) announced in a press release that it is “finalizing…
Aug 10, 2025Just received an SMS from my account manager from Security Bank early this morning (this…
Sep 1, 2014
A new school year means new projects, research papers, presentations, and online learning tasks. Whether…
Jun 14, 2026
With the announcement of the Xiaomi 17T series today, those hoping to upgrade from last…
May 29, 2026The Bangko Sentral ng Pilipinas (BSP) announced in a press release that it is “finalizing new rules” for banks, e-wallets, and other financial service provides to adopt ‘stronger safeguards’ against online gambling. A key measure is stricter identity verification through biometric checks such as facial recognition, a security feature already used by platforms like GCash to authorize logins.
Just received an SMS from my account manager from Security Bank early this morning (this was after one missed call). Then, we noticed several other Security Bank customers also report of the same SMS confirmation (just that mine was more personalized). I was also told by my account manager that this is a new security policy they are enforcing, especially if the withdrawals are sizable.
Our coverage of e-wallet security includes: "What to do if you accidentally send money to the wrong GCash number"; "GoTyme Bank Ends Linked Bank Cash‑Ins Under New BSP Rules"; "BSP to implement stricter measures vs. online gambling: including face recognition". Each article provides unique insights and information.