MAS: robust security for credit cards here
[SINGAPORE] The Monetary Authority of Singapore (MAS) said there has been no evidence of a breach of payments security among banks in Singapore to date.
In a statement yesterday, it said security measures in place for payment cards in Singapore have been robust by international standards.
MAS was responding to media queries about fraudulent charges made at a Taiwanese merchant, some of which were made using credit cards issued here. This company, according to a Straits Times report last week, was a third-party payment processor for online transactions in Taiwan called Neweb Technologies.
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