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Daily Archives: Mar 8, 2021

BSP received 20,000 financial cybercrime complaints last year

The BSP said around 13 percent of the complaints involved fraudulent or unauthorized transactions of various financial products and services like deposit, credit card, electronic money, and remittance.

New fee rules to help banks strengthen ATM networks

Starting April 7, the Acquirer-Based ATM Fee Charging (ABFC) model will take effect wherein the bank that owns the ATM will be the one charging the fee for each withdrawal or balance inquiry.
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