Page 2 - Consumer Protection Framework News Today

Worried that there have been data privacy breaches by online banks, the National Information Technology Development Agency (NITDA) has promised to launch an investigation into their activities

The Bangko Sentral ng Pilipinas (BSP) has issued a stronger reprimand to all banks operating automated teller machines (ATMs) to make sure that what they are dispensing are legal tender cash and not counterfeit money. BSP Governor Benjamin E. Diokno The BSP on Friday, Jan. 28, released its secon

(File photo) MANILA - The Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) said stringent measures are in place against the proliferation of fake banknotes, like those dispensed through the automated teller machines (ATMs). This, as the central bank earlier called on the public to be more vigilant on checking paper bills they get even from ATMs. "ATM services are part of core banking functions, and banks are bound by law to exercise the highest degree o...

The Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) said stringent measures are in place against the proliferation

The Bangko Sentral ng Pilipinas (BSP) is reminding all banks and non-banks to strictly practice fair treatment in setting terms and conditions applied to depositors and clients to ensure consumer protection rights are upheld and respected at all times. In a memo (Memorandum No. M-2021-069) to BS

  The framework establishes principles for data sharing across the banking and payments ecosystem, which will promote innovation, broaden the range of financial products and services, and deepen financial inclusion.   The regulatory framework stipulates, amongst others, data and Application Programming Interface (API) access requirements, principles for API, data, technical design and information security specifications.       1.0          Introduction The Central Bank of Niger...