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CBO warns against double swiping of bank cards

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Double swiping is being done by the merchants to facilitate their accounting processes and sometimes to carry out their marketing initiatives.

Wednesday 09, January 2019 BY KUDAKWASHE MUZORIWA

The Central Bank of Oman (CBO) has issued a cautionary notice against double swiping of bank cards by some of the merchants in the Sultanate. 

In a statement, CBO called upon all citizens and residents holding bank cards - 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.

The central bank earlier issued directives to banks engaged with merchants acquiring in business to ensure that double swiping practise is stopped. The double swiping practise is being used by merchants to collect customers' data, which is widely considered as unsecure and hence discouraged worldwide as it gives access to personal as well as sensitive information of the cardholders.

The CBO further said that this practise is also against customer confidentiality and data privacy requirements of the sultanate, reported local daily, Muscat Daily.

TAGS : CBO, Oman Banks

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