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RCBC’s EMV upgrade is in full swing

RCBC is now upgrading all their clients with the new EMV chip enabled cards BSP (Bangko Sentral ng Pilipinas) has already mandated all banks to make the shift to Europay Mastercard Visa (EMV) chip enabled cards. With this, RCBC has been hard at work to ensure safer card transactions for its valued customers.  The Bank is now in the final stages of upgrading its clients’ cards with EMV chip-enabled cards. Shifting to EMV cards is part of the bank’s thrust to ensure safe and secure transactions for its clients. EMV is a global standard for transactions made on chip-based debit, prepaid and credit cards.  Magnetic stripes on cards contain unchanging data, which makes it easy for anyone to replicate the data. That also makes old cards prime targets for counterfeiters, who use stolen card data to withdraw or purchase. Unlike the magstripe technology, every time an EMV card is used for payment, the […]

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