Skimming fraud: advice to SBP

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SBP Diary - SBP News

THIS refers to the State Bank of Pakistan’s advertisement ‘Beware of skimming fraud’ (June 23), which was a public awareness message:.

 

The SBP may note that in Europe and Canada all credit card users have to key in the four-digit pin number to complete the transaction to minimise the fraudulent use of credit card.

 

The same should be introduced in Pakistan as well under the strict compliance of the SBP by all banks issuing credit cards.

This will minimise the misuse of stolen identities of credit cards.

 

I hope the SBP will give due consideration to this suggestion.

 

ATHER IQBAL

Karachi




Courtesy:  dawn


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