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
Donít Drink and Die
3 Dead and 1 Hospitalized Following Methanol Poisoning at Kuta Cafe
(7/27/2015)
Where Thereís Smoke . . .
Police Investigating Claim of Police Seeking ĎSpecial Paymentí from Bank Central Asia Official in Connection with Recent Fire in Kuta
(7/27/2015)
Wine as a Spectator Sport
St. Regis Bali Resort and The Laguna, a Luxury Collection Resort and Spa Win Honors from Wine Spectator Magazine
(7/27/2015)
Happy Birthday to You, You Live in a Zoo!
Celebrating National Childrenís Day with Bali Safari and Marine Park
(7/26/2015)
Seeking Relief in High Places
Tourists Complain About Limited Public Toilet Facilities at Kintamani Volcano. Toilets Installed by Government at Georpark Complex Locked and Without Water
(7/26/2015)
Baliís Seeking a New Chief of Police
Bali Police Chief Ronny Sompie Appointed to Civilian Post as Director General of Immigration
(7/26/2015)
Pay at the Door
Bali Collects US$36.9 million in Visa Fees During First Four Months of 2015
(7/26/2015)
New HIV/AIDS Infections up 50% in Three Years
The Majority of New HIV/AIDS Cases in Bali Linked to Heterosexual Contact
(7/26/2015)
After Iím Gone
Outgoing Regent Defends Building Boom for New Hotels But Insists The Building will Stop Once Badung Exceeds its Carrying Capacity
(7/26/2015)
Managing Growth in Tourist Arrivals
Indonesian Tourism Adamant Foreign Tourists Arrivals Can be Doubled in Just 5 Years
(7/26/2015)
Floating an Idea
North Bali Adventure in Lovina Urged to Tow Floating Water Park to Shore Until Licenses and Permits are in Hand
(7/26/2015)
To Kingdom Come
Wego.com Says Indonesian Domestic Travel Now Prefer Yogyakarta Over Bali
(7/26/2015)
All [News]!