BSP, banks finding ways
to stop credit card fraud
BY JUDY F. PARTLOW
The Bangko Sentral ng Pilipinas, law enforcers and bankers are scrambling to find ways to prevent fraudulent activities involving access devices to credit cards as the police warned of a crime syndicate possibly operating in Dumaguete City.
Dumaguete police chief, Supt. Jovito Atanacio, said there are fraudsters using access cards believed to be in the capital city of Negros Oriental, although he declined to give specific details.
He disclosed, however, that this is an organized crime syndicate that has a wide reach, from outside of Dumaguete, and targets unknowing establishments that could not detect a fraudulent transaction.