The Development Bank of the Philippines (DBP) will be rolling out this month its EMV-enabled chip cards as mandated by the Bangko Sentral ng Pilipinas (BSP) for strict compliance by January 2017.
EMV, which stands for “Europay, MasterCard, and Visa,” is the new global standard for credit and debit card payments. It involves the use of cards equipped with a microprocessor chip that stores and protects cardholder information. EMV ATM and debit cards ensure more secure transactions, protect customer information, reduce card fraud, and enable the interoperability of payment networks.
DBP’s EMV ATM Chip Card features an ethnic Filipino design inspired by the native “banig” (woven mat) rendered in the blue-red colours taken from the national flag.
Clients’ existing ATM cards will be replaced with the DBP EMV ATM Chip Card at their DBP branch of account based on the following schedule:
Starting November 18, 2016:
– Metro Manila: DBP Financial Center in Makati and DBP Manila-Arroceros
– Luzon: DBP branches in Cabanatuan and Masbate
– Visayas: DBP branches in Catbalogan, Cebu, Dumaguete, Iloilo, Ormoc, Tacloban, and Tagbilaran
– Mindanao: DBP branches in Butuan, Cagayan de Oro, Dipolog, Kidapawan, and Malaybalay
Starting November 24, 2016:
– Metro Manila: DBP Quezon City-Philippine Heart Center and DBP Commonwealth
– Luzon: DBP branches in Baguio, Batangas, and Naga
– Visayas: DBP branches in Borongan, Catarman, Jaro, and Maasin
– Mindanao: DBP branches in Capistrano, Davao, General Santos, Iligan, Ipil, Marbel, Mati, Pagadian, San Francisco, Surigao, Tacurong, and Zamboanga
Starting December 2, 2016:
– Metro Manila: DBP branches in Alabang, Antipolo, Caloocan, Camp Aguinaldo, Makati-F. Zobel, Mandaluyong, Manila-Nakpil, Marikina, Muntinlupa, Parañaque, Pasay, Pasig, Quezon Avenue, San Juan, Taguig-BGC, and Taguig-Tuktukan
– Luzon: DBP branches in Aparri, Bacoor, Balanga, Baler, Cabarroguis, Calapan, Clark, Daet, Dagupan, Dasmariñas, Ilagan, Iriga, Laoag, Legazpi, Lipa, Lucena, Malolos, Puerto Princesa, San Fernando-La Union, San Fernando-Pampanga, San Jose, Santiago, Solano, Sorsogon, Sta. Cruz, Sta. Rosa, Subic, Tabuk, Tarlac, Tuguegarao, Valenzuela, Vigan, and Virac
– Visayas: DBP branches in Antique, Bacolod, Bogo, Carcar, Kabankalan, Kalibo, Mandaue, Pototan, Roxas, San Carlos, Toledo, and Trento
– Mindanao: DBP branches in Basilan, Cotabato, Digos, Jolo, Mangagoy, Ozamiz, Tagum, Tandag, Valencia, and Villanueva
Starting January 1, 2017, clients who continue to use non-EMV cards do so at their own risk. DBP will not be responsible for any fraud committed using non-EMV cards.