EMV is a standard for globally interoperable, secure payments. The key element of EMV involves including dynamic digital data in every transaction. This makes chip transactions extremely secure and reduces the risk of counterfeit fraud.
When a consumer uses an EMV-enabled device to pay at a chip terminal, the transaction is dynamically authenticated, verified, and then authorized. The cardholder can use a PIN (Personal Identification Number) or sign as they do today to verify that the consumer is indeed holding his or her own device.
In the digital world, payment transactions are getting smarter. And at the heart of these smarter transactions is dynamic authentication, which incorporates unique information in each transaction making it virtually impossible to replicate.
The EMV standard has already been adopted by more than 80 locations where it has significantly reduced counterfeit card fraud, saving hundreds of millions of dollars.
From 1 Jan 2017, Merchants will no longer need to verify signatures for cards issued in Malaysia. Cards issued in Malaysia will have a chip and the cardholder will need to enter a 6-digit PIN.
There are a few exceptions when the PIN is not needed:
Also, please note:
No. | Issuers/Acquirers | Hotline Numbers |
---|---|---|
1 | AEON CREDIT SERVICE |
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2 | AFFIN BANK BERHAD | ISSUER:
ACQUIRER:
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3 | AGROBANK BERHAD | CONTACT CENTRE NUMBER:
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4 | ALLIANCE BANK BERHAD |
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5 | ALRAJHI BANK BERHAD |
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6 | AMBANK BERHAD |
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7 | BANK ISLAM MALAYSIA BERHAD |
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8 | BANK SIMPANAN NASIONAL |
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9 | BANK KERJASAMA RAKYAT MALAYSIA |
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10 | BANK MUAMALAT MALAYSIA BERHAD |
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11 | BANK OF CHINA MALAYSIA BERHAD |
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12 | BIGPAY MALAYSIA SDN BHD | BIG PREPAID MASTERCARD:
AIRASIA EZPAY PASSPORT:
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13 | CIMB BANK BERHAD |
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14 | CITIBANK BERHAD |
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15 | FINEXUS CARDS SDN BHD | 603 8318 3100 |
16 | FIRST DATA MERCHANT SOLUTIONS |
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17 | HONG LEONG BANK BERHAD |
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18 | HSBC BANK BERHAD | CREDIT/DEBIT CARDS
COMMERCIAL/BUSINESS CARD
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19 | INDUSTRIAL AND COMMERCIAL BANK OF CHINA (M) BERHAD |
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20 | KUWAIT FINANCE HOUSE |
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21 | MANAGEPAY SERVICES SDN BHD |
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22 | MALAYAN BANKING BERHAD |
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23 | OCBC BANK BERHAD |
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24 | PUBLIC BANK BERHAD |
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25 | REVENUE SOLUTION SDN BHD |
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26 | RHB BANK BERHAD |
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27 | SINOPAY MALAYSIA SDN BHD |
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28 | STANDARD CHARTERED BANK BERHAD |
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29 | SYNERGY CARDS SDN BHD |
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30 | UNITED OVERSEAS BANK (M) BERHAD | 24 HOUR UOB CALL CENTRE:
MERCHANT HOTLINE:
TERMINAL HELPDESK:
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31 | GLOBAL PAYMENTS SDN BHD |
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