BDO encourages clients to make the shift to EMV-chip card

MIASCOR,

the largest aviationservicescompany in the Philippines that provides “One-Stop-Shop” service for incoming and outgoing international and domestic flights across five major airports in the form of ground handling; cargo handling and warehousing; in-flight catering; lounge management & operations, FBO, into-plane refuelling, line maintenance; andULD assembly & repair,has partnered withMonark Foundation Institute(MFI)toprovideinplanttraining totheirdeservingscholars who wish to have a careerasAviationGround Support Equipment ( A G SE ) MaintenanceMechanic/ Operator.

The partnership falls under the Dual Training System (DTS) of MFI in theirprogram, Heavy Equipment Servicing .DTSisatraining modality that combines theoretical and pr act i cal training whereinthe school and workplace share the responsibility of providingscholarswith well-coordinated learning experiences and opportunities. MFI is a DTS- accredited educational institution that conducts a TESDA-registered program on Heavy Equipment Servicing NC II.

TheHeavyEquipment Servicing NC II course administered by MIASCOR and MFI started last September 4 and ends on January 15, 2018.It will run for a totalof2,700hourswith 1,040 hours spent on school training where scholars learn basic trade theory,workvalues,good citizenship, safety, and related theory subjects in mathematics, drawing and social sciences; and 1,580 hours on in-plant training where they learn job skills through practical exercises, actual maintenance activities on siteand develop good work habits.

“This initiative is part of our mission to nurture talents and build a highly skilled and educated workforce.We look forward to welcoming distinguished graduates of the course into the Company,” said Herman Reyes, MIASCOR Executive Vice President.

( Press Release)

BDO Unibank is encouraging its retail clients who have yet to avail of the EMV-chip ATM debit card to obtain it immediately from their branch of account to earn the benefit of its fully EMV-certified ATM network.

BDO started to make the EMV-chip ATM debit cards available free of charge to its clients since the third quarter of 2016. However, to date, there is still a low figure of card pick-ups from the branches, which means a large number of clients are still using the magnetic stripe-only ATM debit cards.

For corporate or payroll clients, BDO will make the EMV-chip cards available at their respective HR offices by December 31, 2017.

“Making the shift to the EMV-chip ATM debit card is one way to protect the clients from electronic fraud. It has enhanced security features, which include among others, encryption locks and keys to authenticate the card and the cardholder's transaction, protecting card data from being compromised,” said the bank’s executive vice president and transaction banking head Edwin G. Reyes, adding, “We hope our customers would embrace this significant improvement being implemented by the entire banking industry.”

The EMV-chip ATM debit cards complement the almost 4,000 BDO ATMs nationwide which have already been made EMVcertified by the bank. BDO was the first bank in the industry to fully retrofit its ATM network to allow EMV-chip card transactions.

The regulatory requirement to shift to EMV or the Europay MasterCard Visa is part of the banking industry’s move to produce a more effective way of significantly reducing counterfeit fraud, skimming and other related attacks perpetrated in magnetic stripe payment cards. (Press Release)