Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank
Group, has declared a deadline for deactivating all its non-EMV cards in
line with its thrust to provide clients with more secured products and
services.
In a statement, PSBank said “All non-EMV PSBank cards can no longer be used beginning September 1, 2017.”
With this, it is encouraging all its clients to replace their non-EMV
cards now at any PSBank branch. If it is your first time to replace your
card, it is FREE of charge, PSBank said.
The Bank started to issue EMV chip-enabled cards as early as January 3, 2017. All its more than 600 ATMs are already EMV-ready.
PSBank debit and prepaid card accountholders can simply visit any branch
to get their card. They simply need to bring their old card and one
government-issued valid ID. On the other hand, for PSBank Flexi
accountholders, their card will be delivered via courier to their office
address while their PIN will be delivered separately via another
courier to their home address. Flexi card holders can activate their
card by calling PSBank’s 24/7 Customer Experience Hotline at
(02)845-8888 or by visiting the nearest PSBank branch.
PSBank’s move to shift to EMV chip-enabled cards is in line with the
issuance of Bangko Sentral ng Pilipinas Circular No. 859 or the Europay,
Mastercard and Visa Implementation Guidelines.
The PSBank EMV chip-enabled cards have enhanced features for verifying
transactions made on the card, therefore minimizing cases of
card-present fraud incidents and identity theft and giving cardholders
the peace of mind whenever they do card transactions.
About PSBank
PSBank
is a key player in the Philippine consumer banking industry. The Bank
emerged as the 2nd strongest bank in the Asian Banker's AB500 annual
ranking 2016-2017 edition. PSBank is the only savings bank that has
consistently cornered a spot in the list of the top 10 strongest banks
in the country for six consecutive years. We have expanded our network
to more than 250 branches and more than 600 ATMs nationwide.
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