Passivity of Ukrainian banks in regard to the card technology development has led to the dramatic growth of frauds with Visa and MasterCard cards, issued in Ukraine. According to National Bank of Ukraine (NBU), in 2009, the number of frauds with cards issued by Ukrainian banks, increased by 6.5 times in comparison with 2008, and totaled 39,300 incidents.
NBU has obliged banks to speed up the transition to smart–cards, to set daily limits for the sums and the number of cash withdrawals, both in Ukraine, and abroad (by the customer’s consent).
RBC-Ukraine
