Important Measures
Reinforcement of the instant notification mechanism for credit card transactions
2019-11-07
To allow cardholders to keep abreast of their credit card transactions and so be able to identify suspicious ones, the FSC has instructed the Bankers Association of the Republic of China and card issuers to establish an instant notification mechanism for credit card transactions as follows:
1.General Transaction Notification:
(1)Where credit card issuers have already provided transaction notification which can be set by the cardholders through the official website or APP push notification, the card issuers shall enhance promotion to encourage customers to use such function.
(2)Where card issuers do not provide the service mentioned above, they will text or email the cardholders in real-time when a general credit card transaction reaches NT$5,000 or more.
2.Online Transaction Notification: Card issuers will text, send through APP or email to notify the cardholders in real-time when an online credit card transaction reaches NT$5,000 or more, or the number of online overseas transactions reaches 5 or more a day.
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- Update: 2019-11-07