Most financial smart cards institutions announces that plastics make the change at no cost to their customers; also change in ATM systems .
At least six of the 13 banks of the Bolivian financial system initiate the migration of credit and debit card swipe other microchipped , so as to provide greater security to their clients' money . Most do not charge for change.
Banco Mercantil Santa Cruz, Bolivia National Bank , Banco de Credito, Banco Rancher, BancoSol Banco Bisa and migration conducted in accordance with the provision of the Financial Supervisory Authority System ( ASFI ) .
At present , the financial system accounts 2,286,137 91,593 debit and credit cards nationally .
The ASFI decided that from now until February 28, 2013 banks must replace the credit card system to microchip magnetic strip . The change is repeated using the debit until December 2013 .
The manager combo cards of the Commercial Marketing , Mauricio Porro , told Page Seven , in addiction to the times defined by the regulations , the agency works "not only to fulfill , but to try to improve " ; also " the bank will bear the costs . It is making a significant investment in technology, time and material. "
For his part, Vice President for International Relations and Development of the National Bank of Bolivia , Patrick Garrett , told the media in an email that "the bank, processor and suppliers are working to meet the deadline of 28 February 2013 "and that" the process at no cost to the customer. "
Marketing manager of Banco de Credito , Ovidio Suarez , said that " from the date provided for in the standard, all contracts for credit card or renewal is made and the form of smart card ."
The manager of Bank Marketing Livestock Edgardo Cuellar sent a report which claims that " all new credit cards will come with the new mechanism." There is also a timeline for full replacement effect until February.
Banco Bisa delivered two days ago and the first credit card with chip in La Paz , Cochabamba and Santa Cruz, and reports that as of February 2013 will be distributed free full .
BancoSol , which only gives debit cards , says that from March 2013 all their cards have the chip. The new device will prevent cloning.contactless cards
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