Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Chips Included
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Chips Included

Bank Indonesia Decrees Indonesian Credit Cards Must Now Bear Security Chips.


Bali News: Bank Indonesia, Credit Cards, Chips, ATM, EDC.
Click Image to Enlarge

(1/4/2010)

Bank Indonesia has decreed that, beginning in early 2010, all credit cards issued in Indonesia are required to contain a computer chip as an added security measure.

A regulation issued by the Bank in April 2009 mandates the use of chips. Sri Suparni, the Deputy Director of the Directorate of Payment Systems at Bank Indonesia, said: "In order to enhance security, we are widening the use of chips which offer more security than the old magnetic strips." She explained that the chips store customer information in a more secure way that is less accessible to possible fraudsters than is the case with the magnetic strip cards.

Only credit cards issued in Indonesia are affected by the new ruling. Whether ATM cards and other debit cards will eventually be included in the new ruling is still under review by the Bank.

According to Bank Indonesia, as of January 2010, 99.6% of the 10,262,331 Indonesian credit card holders have already had their old cards converted to chip-carrying cards.

This change in policy has also made necessary the replacement to Electronic Data Capture (EDC) machines capable of dealing with the new chip-enabled cards. To date, 83.78 % of the 219,000 EDC machines operating in Indonesia have been replace with machines able to facilitate the chips.

Foreign travelers carry the older magnetic strip cards may begin encountering problems using their cards in Indonesia as the "old-fashioned" magnetic strip EDC machines are phased out.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Death on the Centerline
German Tourist Dies in North Bali Motorcycle Accident
(1/22/2017)
Condoglianze
Maria Grazia -Long Time Italian Resident of Bali Dies at 85
(1/22/2017)
Taking a Stand on Power
North Bali Lawmakers Reject Plans for World’s Tallest High-Voltage Power Pylon Being Erected Near Temple in West Bali National Park
(1/21/2017)
Art Over Wheels
Bamboo Bike Building Workshop led by Klaus Volkmann in Bali - February 7 -16, 2017
(1/21/2017)
Trans National Crime Stops Here!
Indian Tourist Arrested at Bali Airport on Outstanding ‘Red Notice’ Issued by INTERPOL
(1/21/2017)
Park and Tow
Denpasar, Bali Police Threaten Tough Crackdown on Illegal Parking
(1/21/2017)
First Rabies Cases of 2017 in Bali
Rabies Cases Reported in Tabanan in January 2017
(1/21/2017)
Lost in Paradise?
Police Announce Massive Changes in Traffic Flow Directions for Kuta and Legian to Take Effect from March 1, 2017
(1/21/2017)
Bali Leads Indonesian Tourism
Bali Allocated 40% Share of Targeted 15 Million Foreign Tourists for Indonesia in 2017
(1/21/2017)
Are the Dolphins Safe?
Local Villagers Seize Control of Serangan Island Captive Dolphin Attraction
(1/21/2017)
Caught in the Act
Algerian Purse Snatcher Caught by Police in Kuta
(1/21/2017)
Charity on Wheels
Bali Dynasty Resort Dedicates Itself to Disadvantaged Residents Through Support of Solemen Indonesia
(1/21/2017)
All [News]!