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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
