Tag Archives: unionpay
- Macau’s casino industry unfazed by new UnionPay ATM security checks
August 3, 2017
The recent restrictions on automated teller machine (ATM) withdrawals in Macau have yet to negatively affect the special administrative region’s casino industry, according to Union Gaming Securities Asia Ltd. Figures released by Macau’s Gaming Inspection and Coordination Bureau (DICJ) showed July’s gaming revenue hitting MOP23 billion (US$2.86 billion), a growth...
- Macau halts UnionPay withdrawals at ATMs without ‘Big Brother’ tech
July 6, 2017
Authorities in Macau have banned automated teller machine (ATM) operators from offering cash withdrawal services to China UnionPay (CUP) customers if their machines are not fitted with the so-called “know your customer” technology. The Monetary Authority of Macao (AMCM) announced that starting July 4, 2017, holders of mainland China-issued UnionPay...
- Macau suspicious transactions reports shoot up 28.4% in 2016
June 29, 2017
Macau’s number of suspicious transaction reports (STR) rose by more than one-quarter last year, according to the local financial watchdog. Macau’s Financial Intelligence Office (GIF) recently issued a report showing that it received a total of 2,321 STRs last year, up 28.4% from 2015’s total. Of the 2016 total, GIF...
- UnionPay withdrawals in Macau to require ID, face recognition checks
May 8, 2017
Security checks at Macau automated teller machines (ATMs) will soon be a little more intrusive as the special administrative region seeks to tighten its restrictions on cash flows out of mainland China. Holders of mainland China-issued UnionPay bank cards will have to scan their identity cards at ATMs and also...
- Unauthorized Macau UnionPay transactions reach $626M in 2016: report
January 20, 2017
Despite the government’s tightened grip on the rampant, unauthorized use of China UnionPay’s card system, authorities are reporting that the number of retail transactions using unregistered UnionPay point-of-sale terminals in the city state has more than quadrupled in 2016. The city state’s Judiciary Police estimated that unauthorized China UnionPay transactions...
- Macau police bust more bogus UnionPay point-of-sale terminals
January 6, 2017
Macau authorities continue to crack down on the unauthorized use of China UnionPay bank cards to facilitate bogus cash transactions. On Friday, Macau Judiciary Police (JP) announced the arrests of 23 individuals following investigations of 13 retail shops. In eight of these shops, police seized UnionPay terminals that had been...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Execs to take on blockchain at iGaming Asia Congress 2017
March 21, 2017