KARACHI: State Bank of Pakistan (SBP) has issued public warning about protecting payment cards and advised to avoid giving away personal information to non-trusted sources.
The SBP issued following instructions: Secure identity: Ensure secrecy of identity while making payments. Secure Payments: Only provide card details to secured and trusted merchants/vendors/website.
Review Statements: Always track of payments made through your card and reconcile them regularly. Give away card: don’t give your card to others to make payments or withdraw cash. Keep Generic Pin: Avoid keeping a generic PIN or the same PIN for a longer time, as it may put you in a vulnerable situation.
Avoid throwing away receipts: Receipts may be useful to reconcile payments with your account, so avoid throwing them away. Discarding card: Be very careful while discarding your payment card since not doing so may lead to fraud or embezzlement. Cut at least into four vertical parts before discarding your card.
Lodge a complaint: Promptly lodge a complaint with your bank in case your card gets stolen, robbed or misplaced, or as soon as you notice any dubious transaction in your account statement.
