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البنــك المركــــزي العمـــاني Central Bank of Oman
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CBO Issues Cautionary Notice Against Double Swiping of Bank Cards1/5/2019 8:00:00 PMCBO Issues Cautionary Notice Against Double Swiping of Bank CardsCentral Bank of Oman has issued a cautionary notice against double swiping of bank cards by some of the merchants in the country. <p style="text-align:justify;"><span class="ms-rteFontSize-2">Central Bank of Oman has issued a <a href="" target="_blank"><strong>cautionary notice against double swiping of bank cards</strong></a><strong> </strong>by some of the merchants in the country. </span></p><p style="text-align:justify;"><span class="ms-rteFontSize-2">In the notice, CBO pointed out that although the Banks have acted on CBO's directive and have informed their customers about the implications of the double swiping, it said, some of the merchants were yet to comply with the directives. </span></p><p style="text-align:justify;"><span class="ms-rteFontSize-2">CBO had issued directives to banks engaged in merchants acquiring business, to ensure that double swiping practice is stopped. However, some of the merchants and public service providers were noticed to be still carrying out this practice of "Double Swiping", which prompted CBO to issue a reminder in the form of a general public notice.</span></p><p style="text-align:justify;"><span class="ms-rteFontSize-2">CBO notice explained that 'Double Swiping' is swiping of a card for the second time by the merchants at their terminals or cash registers, immediately after swiping or inserting the card for payment on the Point-of-Sale (POS) terminal belonging to the Bank. The second swiping is apparently being done by the merchants, to facilitate their accounting processes, and sometimes to carry out their marketing initiatives.</span></p><p style="text-align:justify;"><span class="ms-rteFontSize-2">"In this process, the merchants collect the customers' data, which is widely considered as unsecure and hence discouraged worldwide as it gives access to personal and sensitive information of the cardholders," the notice said. </span></p><p style="text-align:justify;"><span class="ms-rteFontSize-2">CBO further said that this practice is also against customer confidentiality and data privacy requirements of the Sultanate. </span></p><p style="text-align:justify;"><span class="ms-rteFontSize-2">Accordingly, CBO has called upon all citizens and residents holding Bank Card (debit, credit, and prepaid) to take necessary precautions in this regard, and not to allow swiping of their cards more than once for each payment made by them. </span></p><p style="text-align:justify;"><span class="ms-rteFontSize-2">It also advised people not to share PIN number of their Bankcards, and requested them to report incidents of "double swiping" to their respective banks immediately.</span></p><p><span class="ms-rteFontSize-2">CBO also called upon everyone to assist and cooperate in promoting and maintaining a safe payment environment in the country.</span></p><p><span class="ms-rteFontSize-2"><a href="" target="_blank"><strong><span style="text-decoration:underline;"><font color="#0066cc">Cautionary notice against double swiping of bank cards</font></span></strong></a><strong> </strong></span></p><p> </p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9