BSP, bankers assure public of measures vs. counterfeit notes
(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 of diligence in protecting their clients' interest. The BSP will hold the banks accountable shoul...
Source: philippinetimes.com