Oct 26

SBP issues fresh instructions on ATM CCTVs for fraud prevention

KARACHI: State Bank of Pakistan (SBP) on Wednesday issued fresh instructions regarding installation of Closed Circuit Television (CCTVs) in Automated Teller Machines (ATMs) vestibules and preservation period of visual records. The central bank invited attention to Circular No. 02 of 2007 and No. 05 of 2016, FD Circular Letter No. 04 of 2017 whereby regulatory […]

by Faisal Shahnawaz

Jun 29

Money & Banking

Meezan Bank installs 1000th ATM

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, has installed its 1,000th Automated Teller Machine (ATM). This landmark cash dispensing terminal has been installed at Chashma in District Mianwali, a press statement said on Wednesday. READ MORE: Meezan Bank leads Rs1 bn finance for solar project Since its inception, the Bank has expanded its ATMs across […]

by Hamza Shahnawaz

ATM transaction charges levied only on obtaining printed receipts: 1Link

Feb 10

Money & Banking

ATM transaction charges levied only on obtaining printed receipts: 1Link

KARACHI: 1Link Pvt Limited on Wednesday said that charges imposed on ATM transactions only on physical receipts. However, electronic information of transactions is remained free of cost. 1LINK is Pakistan’s first fully licensed PSO/PSP, largest payment and switch system, committed to administer and evolve a strong e-payment network in the country. The 1Link in response […]

by Mrs. Anjum Shahnawaz

SBP to monitor ATMs working during Eid holidays

Aug 9

Money & Banking

SBP to monitor ATMs working during Eid holidays

KARACHI: State Bank of Pakistan (SBP) will monitor the working of Automated Teller Machines (ATMs) during Eid holidays to ensure uninterrupted availability of cash. The central bank on Friday said that it had provided a sufficient quantity of fresh and good quality ATM notes of higher denominations to commercial banks for smooth ATM operations during […]

by Mrs. Anjum Shahnawaz