"EMV CHIPS FOR ATM CARDS BY 2014
Over the next three years, magnetic stripe technology will be gradually phased out here. The ATM and Nets point-of-sale infrastructure here will be fully upgraded for ATM cards and ATM-linked debit cards to adopt EMV (which stands for Europay, MasterCard and Visa ) chip technology."
read more: http://www.todayonline.com/Singapore/EDC120121-0000065/Banks-act-to-secure-greater-peace-of-mind
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