Banks ATM card to shift to EMV earlier than 2017 from current magnetic strips

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Rizal Philippines
December 4, 2015

From Foursquare FAQ on EMV

                                              Contact EMV card reader

Local banks Credit card companies and merchants have been urged to shift to EMV (Europay, Mastercard and Visa) technology by 2017 by the Central Banks.  But many banks are seen to shift earlier because of the liability shift.  The liability for fraudulent transactions for not using EMV shifts from the bank to the merchant..  The magnetic strip is subject to skimming and other CC/Card fraud

CB has urged local banks to shift to EMV as early as 2014

This is needed in US where half of fraudulent transaction take place.  They shifted in October to EMV.  With the US shifting to EMV, cant the Philippines be far behind.?

The EMV cards have chips and need to be inserted in the card reader.   The Citibank card I have is EMV; The  Metrobank card is still not EMV.

                                          Contactless (proximity reader)

How to Survive Without a Credit Card

Someone forward you this email? No Sweat! Sign up here to get your own If you're having trouble viewing this email, click here Follow Us How to Survive Without a Credit Card If you've sworn off credit cards, perhaps in an attempt to avoid getting into debt, or maybe you can't get a credit card because of bad credit, some transactions (like renting a car) will be harder, but not totally impossible. LaToya Irby Credit/Debt Management Expert How to Live Without a Credit Card Most transactions that require a credit card will also let you use a debit card as long as it's tied to a checking account, but you may have to pay a security deposit. And if you're trying to access smartphone apps without a credit card, there's a way to do that too. READ NOW Share Building Credit Without a Credit Card You can build a credit history, too, without using a credit card. But you can't do it without borrow money. After all, the entire premise of a credit history is based on whether you will pay back money you've borrowed on time. READ NOW Share 6 Financial Habits That Help Build Good Credit Your credit score is primarily based on how you use credit products like loans and credit cards. But, how you handle your finances in general impacts your credit score, too. If you have a bad money habits, chances are that will be reflected in your credit score. READ NOW Share 7 Ways to Live Within Your Means To "live within your means" means that what you spend each month is less than or at least equal to the amount of money you bring in each month. For many people, it’s a lot easier said than done. READ NOW Share MORE FROM ABOUT.COM • 15 Ways You Can Start Saving More Money Today • How to Get Over Your Excuses for Not Starting Your Own Business • 7 Father's Day Dream Gifts for Coffee Loving Dads, from $6 to $14,000 • How You Can Find Stores That Will Double Coupons • How to Compete More Effectively in Foreign Markets • Your State-by-State Guide to Grocery Stores That Double Coupons • How to Get Your Book Proposal Started • 6 Great Inventions That Nobody Believed In Advertisement About Money   |   Follow Us: You are receiving this newsletter because you subscribed to the About Credit/Debt Management newsletter. If you wish to unsubscribe, please click here. If you would like to unsubscribe from all newsletters sent from About.com, please send an email to optout@about.com with "Unsubscribe" as the subject line. 1500 Broadway, 6th Floor, New York, NY, 10036 © 2014 About.com - All rights reserved

About Credit / Debt Management: A New Baby's Impact on Family Finances

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Credit / Debt Management Credit / Debt Management Repair Credit Pay Off Debt Learn Credit From LaToya Irby, your Guide to Credit / Debt Management A New Baby's Impact on Family Finances If you're expecting a new addition to your family, you can also expect your monthly expenses to go up dramatically. A survey from Babycenter.com revealed that parents spend close to... Read more Protect Your Credit From an Angry Ex Breakups are tough enough, but if you shared a credit card or another account with your former boyfriend or girlfriend things could get nasty. A scorned ex-lover might seek revenge by... Read more How to Get Ready for a Credit Card Getting a credit card before you're ready for one is one of the easiest ways to run into credit card problems, like payments you can't afford to make. Credit card issuers... Read more Debt Management Solutions You have several options for debt management including using one of many types of debt relief companies or managing debt on your own. Get details on the many debt management options. Related Searches Bad Credit Card Repair Credit Rebuild Credit Fix Your Credit Get a Credit Report More about Credit / Debt Management Consumer Bankruptcy Fraud & ID Theft Consumer Credit Laws Credit 101 Building Credit Credit Card Basics More from About.com Run Your First 5K Even couch potatoes can be ready for a 5K with just a couple months of training. Read more...> Help! I'm Too Busy Time and stress management tips to help you feel as though you have more time. Read more...> This newsletter is written by: LaToya Irby Credit / Debt Management Guide Email Me | My Blog | My Forum Sign up for more free newsletters on your favorite topics You are receiving this newsletter because you subscribed to the About.com Credit / Debt Management newsletter. If you wish to change your email address or unsubscribe, please click here. About.com respects your privacy: Our Privacy Policy Contact Information: 1500 Broadway, 6th Floor New York, NY, 10036 © 2013 About.com Must Reads 10 Things To Improve Credit 15 Credit Score Killers Rebuild Bad Credit Stop Collector Calls 7 Steps to Pay Off Debt Follow me on: Advertisement