It is important to educate credit card users on PIN


With the new PIN system, card-users can now enter their cards into payment terminals themselves and then verify the transaction with a PIN - the card never needs to leave their hands.

ALTHOUGH Malaysia will start implementing the use of PIN number to authorise credit card transactions in 2017, banks in Malaysia have done very little to create awareness among its customers on the importance of the PIN (personal identification number).

The migration to PIN from signature is part of a worldwide shift to protect credit card users from fraud.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , column , credit cards , pin , signature , verify , banks , educate , stocks , shares ,

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read