Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Robert Sidauruk
The trend of cash withdrawal service in many merchants and shops could be the upside of having ATM cards for customers. With this service, consumers may withdraw their money in places nearby, instead of going to ATM.
While giving benefits for ATM card holders, Bank Indonesia (“BI”) said that this service could be problematic and it can be considered as illegal action
“Cash withdrawal service by merchants is illegal and has the potential to be misused,” said Difi.
He further stated that cash withdrawal using card-based payment instruments (credit cards, ATM cards, debit cards, etc.) must only be done at ATMs.
To minimize illegal cash withdrawals, BI has issued Circular Letter No. 15/13/DASP on Report on Card-Based Payment Instrument Activities using Cards and Electronic Money for Rural Banks and Non-Bank Institutions (Circular). The Circular implements BI Regulation No. 10/4/PBI/2008 and Regulation No. 11/12/PBI/2009.
Under the Circular, rural banks and non-bank institutions must provide reports regarding ATM cards, credit cards, electronic money, and debit cards. The report can be submitted online via Non-Bank Report system or by mailing it to BI.
Meanwhile, Steve Martha, General Manager of Indonesian Credit Card Association, agreed with BI and applauded BI’s effort in issuing the Circular because it is a mechanism for banks to control cash withdrawal transactions.
(hot/jt)
Fathan Qorib, Robert Sidauruk
The trend of cash withdrawal service in many merchants and shops could be the upside of having ATM cards for customers. With this service, consumers may withdraw their money in places nearby, instead of going to ATM.
While giving benefits for ATM card holders, Bank Indonesia (“BI”) said that this service could be problematic and it can be considered as illegal action
“Cash withdrawal service by merchants is illegal and has the potential to be misused,” said Difi.
He further stated that cash withdrawal using card-based payment instruments (credit cards, ATM cards, debit cards, etc.) must only be done at ATMs.
To minimize illegal cash withdrawals, BI has issued Circular Letter No. 15/13/DASP on Report on Card-Based Payment Instrument Activities using Cards and Electronic Money for Rural Banks and Non-Bank Institutions (Circular). The Circular implements BI Regulation No. 10/4/PBI/2008 and Regulation No. 11/12/PBI/2009.
Under the Circular, rural banks and non-bank institutions must provide reports regarding ATM cards, credit cards, electronic money, and debit cards. The report can be submitted online via Non-Bank Report system or by mailing it to BI.
Meanwhile, Steve Martha, General Manager of Indonesian Credit Card Association, agreed with BI and applauded BI’s effort in issuing the Circular because it is a mechanism for banks to control cash withdrawal transactions.
(hot/jt)