Regulatory Alerts2013-09-02
Added · Updated
PSD Circular No. 02 : Risk mitigation measures related to card not present transactions
Card issuing banks must establish a two-factor authentication system based on information not visible on the card for all online card-not-present transactions. Banks are also required to implement online alerts, such as SMS notifications, for cardholders for all card-not-present transactions valued at Tk. 5,000.00 or above. All scheduled banks in Bangladesh must comply with these instructions on or before April 01, 2014.