Wednesday, the Hong Kong Monetary Authority (HKMA) and Hong Kong authorities to provide ATM services that improve operational safety of all automated teller machine (ATM) services, announced that it will begin to put a chip terminal -based technology companies in Hong Kong (ALS). Compared with the magnetic stripe currently in use, users of this technology effectively to protect fraudsters. Agreed to implement a plan to start soon in Hong Kong banking sector.In a circular to ALS, HKMA, the chip-based ATM and ATM terminals to improve information security controls and early 2012, including the first card, related to the implementation of alternative schedules, exhibits. Activation of nearly 20 million ATM cards (including debit cards and credit cards) phases takes about 2,900 ATM terminals and will be involved. Remediation of the remaining cards are credit card holders' bank accounts are linked, and debit cards and credit cards by the end of 2015 is expected to be completed by March 2014.
Advanced security controls, data security, high security for chip-based ATM transactions. Enabling technologies such as ATM services in Hong Kong and of course will increase the security level. Always keep your card cardholders are safe at all times and their personal identification number (PIN) to protect.
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