Yahoo! News Singapore, 20 Jan 2012Planned measures by banks in Singapore to boost the security of payment card transactions are likely to cause some inconvenience to users.
Banks will confine the usage of all new and existing ATM cards only to Singapore by end-June this year, unless otherwise instructed by customers, the Association of Banks in Singapore (ABS) announced on Friday.
This means that customers planning to use their ATM cards anywhere outside Singapore will have to ask their respective banks s to activate their cards for that purpose. Similarly, customers will need to request the cards be deactivated when they return. Full story
