ATM Cards in Singapore - New Market Report Now Available
DBS was hit by several rounds of unauthorised withdrawals in late 2011 which resulted in a loss of S$1 million. Consumers have expressed their concern with regards to the safety of the use of ATM cards. As a result, Association of Banks in Singapore (ABS) announced plans to prevent card fraud for its members, including major banks such as DBS, UOB, OCBC, Standard Chartered, Maybank and Citibank.
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