"ATM Cards in Hong Kong, China" Published
In August 2011, The Hong Kong Monetary Authority (HKMA) announced that all ATM services in Hong Kong are required to implement chip-based technology. Compared to the magnetic stripe currently in use, the chip-based technology has better security in preventing fraudsters from replicating ATM cards with stolen data. The banking industry started the implement and upgrade of both ATM terminals and ATM cards in 2012.
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