(NAR) VOL. 25 NO. 4 / OCTOBER - DECEMBER 2014
The attached guidelines* set forth the expectations of the BSP with respect to management of risks while the financial industry migrates the magnetic stripe payment environment to chip-enabled technology based on EMV. The guidelines shall govern the EMV implementation for debit cards in any card-accepting devices/terminals to safeguard customer information, reduce card fraud, and maintain interoperability of payment networks.
For information and guidance.
FOR THE MONETARY BOARD:
(SGD) AMANDO M. TETANGCO, JR.
Governor
* Text Available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.