Guideline to check online banking forgery next month

Posted by BankInfo on Thu, Nov 07 2013 02:38 pm

Bangladesh Bank (BB) is preparing a guideline to help banks check forgery in online banking.

The new guideline is likely to be issued next month, a central bank official told BSS on Sunday.

The central bank is issuing the guideline against the backdrop of some incidents of credit card forgery and fraudulent transactions at ATMs.

Under the guideline, banks will be advised to follow a set of measures to protect their clients from fraudulent activities in online transactions.

Among the measures, the banks would be asked to develop a system from which their clients would get instant message (SMS) and email immediately after each and every online transaction.

Currently, some banks are providing similar services at their own initiatives to protect the interest of their clients and to ensure secured online banking.

“But, all banks should provide their clients with similar services after issuing the guideline,” the BB official said.

He said SMS and email should be sent to the respective clients against their transactions by using debit or credit cards at the ATMs (automated teller machines) or PoS (Point of Sales). 

News:Dhaka Tribune/04-Nov-2013