Lloyds TSB Middle East to Launch Anti-fraud Cards

DUBAI - Lloyds TSB Middle East will launch chip and pin cards for customers in the United Arab Emirates next month following the wave of card skimming that hit many banks in the region, it has announced.

By Staff Report

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Published: Thu 25 Dec 2008, 1:04 AM

Last updated: Sun 5 Apr 2015, 11:28 AM

The bank said it had accelerated its rollout of the technology in response to a recent spate of fraud in the Gulf States and to ensure its customers that banking experience is even more secure.

In addition, Lloyds TSB is also adopting an intelligent fraud monitoring system designed to oversee transaction activity on client accounts and highlight any deviation from usual spending patterns.

This allows the bank to contact the customer to verify whether or not a transaction is authentic.


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