Grade period until July 30, 2017 for conversion to PIN-based cards
KUALA LUMPUR: Security for credit and debit card usage will move a significant notch higher with the signature-based system to be replaced with PIN (personal identification number) verification.
About 39 million – eight million credit and 31 million co-badged debit cards in Malaysia – will be replaced with new PIN-enabled cards to meet the January 2017 deadline set by Bank Negara.
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