By Doris Dumlao
Philippine Daily Inquirer
First Posted 20:42:00 06/24/2009

Filed Under: Banking, Consumer Issues, Crime

MANILA, Philippines – The Bankers Association of the Philippines reminded the public to be more careful when using of automated teller machines (ATM), after the a new scam was uncovered.
The scam involves capturing the stored personal identification number (PIN), card number, and other relevant information by skimming the magnetic strip of the ATM card using a specialized scanner. The captured information is then copied to produce a duplicate ATM card, allowing the scammers to make withdrawals without the card holder’s knowledge.
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