Watch out for new credit card scams
Fraudulent credit card activities via remote and other digital payment channels have increased by 21 percent in the Philippines since the COVID-19 pandemic erupted as customers shifted to remote and other digital payments to deal with mobility restrictions, according to Credit Card Association of the Philippines (CCAP). CCAP, comprising the country’s 18 major credit card ...
CCAP calls for tighter measures against SIM swap fraud
The Credit Card Association of the Philippines (CCAP) has put the pressure on the telecommunication sector, its regulators and lawmakers to apply, execute and enact effective measures to stop credit card fraud through SIM card swap. CCAP said on Thursday, Jan. 6, that it has reached out to major telco players such as Ayala Group’s ...
CCAP at 41: Helping drive agenda toward cash-lite Philippines
As it celebrates over four decades of existence, the Credit Card Association of the Philippines (CCAP) provides Filipinos with better access to credit cards. This complements the goal of the Bangko Sentral ng Pilipinas (BSP) to transform the country from a cash-heavy to a cash-lite economy. MANILA, Philippines — Cash is no longer king as ...
Credit card issuers see more challenges
MANILA, Philippines — Credit card issuers expect delinquency rate to be more challenging despite a lower default rate in the second quarter, according to the Credit Card Association of the Philippines (CCAP). Alex Ilagan, executive director at CCAP, told The STAR delinquency rate of the credit card industry improved to 6.1 percent in end-June from ...
As cyberattacks rise, remote workers advised to invest in security
Working from home keeps you safe from the virus…pero safe ka ba sa mga fraudsters? According to Bangko Sentral ng Pilipinas (BSP), 13% (out of 20,000) ng mga concerns na kanilang natanggap noong 2020 ay related sa fraudulence, unauthorized transactions involving deposits, at iba pang mga online services! Protect yourself! Check out these common types ...
Learn Ways On How You Can Protect Yourself From Credit Card Fraud
Dahil sa pandemic and lockdown restrictions, nagbago ang lifestyle nating lahat at marami na ang lumipat sa online shopping. From groceries, plants, and motorcycles, halos lahat ng bagay ay pwede ng mabili online! Pero tandaan, this type of convenience presents a potential risk. Be one step ahead! Read the different types of fraudsters at alamin ...
It’s sale season! Here are ways you can protect yourself from credit card fraud
From budgeting our expenses to impulse buys, naging buwan buwan na ang ating pagsh-shopping dahil sa mga monthly promos and sales! Alam mo ba na one of the most used words in the e-commerce space is “budol”? Nakakatuwa nga sa una until the real “mangbu-budol” comes! Don’t let these fraudsters get in your way of ...
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 ...
Group boosts defenses vs credit card fraud
Publication: Malaya Publication Date: July 3, 2014 The Credit Card Association of the Philippines (CCAP) has laid down another security standard that will further ensure the safe handling of data. Alex Ilagan, CCAP executive director and spokesperson said the group’s 13 members will soon align their systems in compliance with the Payment Card Industry Data ...
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 ...