29 March, 2016
Bank Indonesia (“BI”) Circular Letter No. 17/52/DKSP of 2015, dated December 30, 2015, regarding the National Standard Implementation of Chip Technology and the Use of 6-Digit Personal Identi cation Number for ATM Cards and/or Debit Cards Issued in Indonesia. This BI Circular Letter instructs all Principals, Issuers, Acquirers, Clearing Providers and/or Final Settlement Providers of ATM Cards and/or Debit Cards to use the national standard for chip technology and magnetic stripes. Such standard is as agreed by the industry and stipulated by BI as a national standard for chip technology for ATM Cards and/or Debit Cards. This requirement must be implemented for all ATM Card and/ or Debit Card terminals, Electronic Data Capture terminals and other processing facilities at the latest by December 31, 2021. This Circular Letter came into effect on the date of its issuance.
For further information, please contact:
Dyah Soewito, Partner, Soewito Suhardiman Eddymurthy Kardono
dyahsoewito@ssek.com
