Credit card industry group shares tips on how to avoid fraud
Napansin mo ba ang pagtaas ng mga cashless transactions at online payments lately? Ito ay dahil sa pagbabago ng ating spending habits as consumers na unti-unting inaadapt na ng bansa! Although considered as progress ang adjustment na ‘to, di natin maiiwasang maconcern sa ating security at data privacy. Ngayong pandemic pa lamang, tumaas na hanggang ...
Credit card firms back fee cap but flag earnings risk
Publication: Philippine Star Publication Date: October 13, 2020 www.philstar.com/business/2020/10/12/2049016/credit-card-firms-back-fee-cap-flag-earnings-risk MANILA, Philippines — Credit card firms backed the central bank’s decision to cap the interest and penalties they charge, but warned doing so risks weighing on their already financially strained balance sheets. “CCAP, along with Philippine banks and financial institutions, remain supportive of provisions for credit card ...
Credit card holders urged to maintain good standing
Publication: Business Mirror Publication Date: October 6, 2020 https://businessmirror.com.ph/2020/10/06/credit-card-holders-urged-to-maintain-good-standing/ Credit-card holders are urged to maintain a good credit standing even during the community quarantine to ensure financing after the economic and health crisis. The Credit Card Association of the Philippines (CCAP) said in a statement on Tuesday that some clients may need their credit cards ...
Credit card billings fell 27% in H1
Publication: Manila Times Publication Date: October 7, 2020 www.manilatimes.net/2020/10/07/business/credit-card-billings-fell-27-in-h1/777322/ Credit card billings declined by double digits in the first half of the year on the back of coronavirus-related lockdowns, according to an industry group. In a statement on Tuesday, the Credit Card Association of the Philippines (CCAP) said credit card usage also slumped in the ...
Credit card billings plunge 27% in H1
Publication: Philippine Star Publication Date: October 7, 2020 www.philstar.com/business/2020/10/07/2047656/credit-card-billings-plunge-27-h MANILA, Philippines — Credit card billings plunged by 27 percent in the first semester as usage slumped amid the coronavirus pandemic. Alex Ilagan, executive director of the Credit Card Association of the Philippines (CCAP), said “the high unemployment rate, as well as the loss of livelihood ...
How to Protect Your Customers’ Card Holder Data
We all have a responsibility to secure the data of our card holders. What happens when we breach that trust of providing enough security protocols to protect our card holders’ data?
Fraud-Busters: Online Credit Card Safety
The number of Filipinos falling victim to credit card scams have been growing. They may have clicked a phishing website or may have mistakenly shared sensitive private information with a fraudster. This is no surprise, considering that most people use the convenience of credit cards as a means of payment on mobile applications and web ...