Vietnam 

New steps to speed up replacement of magnetic strip ATM cards – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers at industrial parks in the southern province of Bình Dương gather at BIDV’s ATMs to withdraw cash. Commercial banks are required to increase the number of chip cards to 51 million by 2020 in order to completely replace magnetic cards by the end of 2021. — VNA/VNS Photo Huyền Trang HÀ NỘI — The National Payment Corporation of Việt Nam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards…

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Singapore 

Forgot your ATM card? Here are 3 ways to still withdraw cash in Singapore, Singapore News

It can be frustrating when you need to withdraw cash only to realise that your ATM card was left at home. Instead of borrowing money from your friends or colleagues, here are some ways to get cash without an ATM card. 1. SOCASH soCash is a mobile app service that allows you to withdraw cash from over 1,000 participating shops in Singapore. You have to select a withdrawal amount and the app will list down the nearest cashpoints based on your current location. The minimum and maximum withdrawal amount at…

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Singapore 

Woman’s skimpy outfit while queueing for ATM at Somerset MRT station sparks criticism, Singapore News

A woman seen queueing for an automated teller machine (ATM) at Somerset MRT station has set tongues wagging due to her choice of outfit. According to Lianhe Wanbao, three photos of the woman went viral after being uploaded onto social media on Saturday (Feb 9), though it is unclear when exactly they were taken. The woman was clad in a thin pink-coloured tank top and a pair of sandals. It is not known whether she was wearing shorts. She did not seem aware that she was drawing stares from disapproving…

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Vietnam 

Central bank issues roadmap for ATM card upgrades – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Under a new regulation, commercial banks will have to switch 30 per cent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality. Under Circular 41/2018/TT-NHNN, which will replace Circular 19/2016 as the regulation on bank card operations starting on February 18 this year, commercial banks must increase the ratio of chip cards to at least 60 per cent by 2020. This means…

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Vietnam 

Banks must warn customers about ATM theft – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Banks recommend customers keep their ATM account information confidential to avoid abuse. — Photo tapchitaichinh.vn Viet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV) issued a new circular requiring commercial banks to regularly update customers on the theft of money from ATMs, ensuring smooth ATM operations and preventing card crimes. The circular stipulates that banks and payment service suppliers must provide information and co-ordinate with local police agencies and branches of the SBV to ensure ATM systems operate safely and smoothly and prevent crimes.…

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Vietnam 

Central bank takes steps to ensure ATM service quality before Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The central bank has directed ATM service providers to take proactive steps to ensure machines do not run out of cash ahead of the Tết holday. — VNA/VNS Photo Viet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV) has directed relevant agencies to take rapid measures to ensure automatic teller machine (ATM) service quality and safety during the months approaching the Tết (Lunar New Year) holiday, when there is high demand for cash transactions. SBV has told service providers to check their ATM systems…

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Singapore 

Malaysian not tempted, turns in $1,000 spotted at Singapore ATM, Singapore News

It is not often that we withdraw $1,000 from the ATM, let alone find one grand lying at an ATM. What would you do? Thank your lucky stars? One Malaysian man, having seen an ATM user rush off to catch an MRT train, decided he should attempt to reunite the stack of $50 notes with its rightful owner. Photographer Jackson Lee, 32, turned in the cash at Yishun North Neighbourhood Police Centre yesterday evening (Dec 2), and shared the incident on Facebook, stating that the money was now with the police.…

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