Regulatory Alerts2023-06-20
Added · Updated
Major Enhancements on Protection of Payment Card Customers
The Hong Kong Monetary Authority issued this circular to implement major enhancements for the protection of payment card customers. The document mandates stricter standards for authorized institutions regarding fraud risk management and retail credit risk management. These measures aim to strengthen consumer safeguards against unauthorized transactions and improve overall security in payment card services.
CIR
Current
Issue Date:
20 Jun 2023
20230620-2-EN.pdf (272.8 KB)
Topic:
Banking Conduct & Enforcement - Consumer Protection
Credit Risk Management - Retail credit risk management
Technology Risk Management - Fraud risk management
Keyword:
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
20 Jun 2023
Major Enhancements on Protection of Payment Card Customers
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Current
25 Apr 2023
Binding payment cards for contactless mobile payments
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25 Apr 2023
Principles for Handling of Unauthorised Payment Card Transactions
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Current
20 Jun 2023
Major Enhancements on Protection of Payment Card Customers
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Current
25 Apr 2023
Binding payment cards for contactless mobile payments
CIR
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25 Apr 2023
Principles for Handling of Unauthorised Payment Card Transactions
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Superseded Document
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