The switch to NFC CARD debit cards with chips in the financial system will be open until December 31, 2013 , confirmed to Erbol director ASFI ( Supervisory Authority Financial System ) , Lenny Valdivia. The authority said ASFI in the process of migrating the magnetic card chip there will be no problem for use at ATMs and shopping centers. Data indicate that there ASFI in Bolivia 92,187 credit card users and 2.2 million with debit card, making a total of 2,367,735 . The goal of migrating to chip cards is to give greater security and prevent the cloning of cards containing a magnetic strip and are much more likely to be cloned .
Initially it was combo cards expected that the change would take place on 1 November 2012 to 28 February 2013 for cards. It is expected that all debit cards are replaced during the 2013 management , concluding the process of migrating the standard chip card ( EMV ) in December of that year. This means that people do not need to visit the bank for change , as each financial institution will have their schedules that will be released to users in a timely manner . The new chip cards are linked to the implementation of the EMV standard operation (Europe , Master Card , VISA ) for authentication of payment via credit and debit cards . Smart cards allow personal data are accessible only to the owners. This is possible by carrying inserts a memory storing transactions, remain the same when corroborated reuse. This means that more will be achieved by cloning the card will also require that registered the cloned chip card transactions are consistent with the original, which is very difficult. It is for this reason that smart cards can hardly clone " .
This change,contactless cards according to ASFI,a before and after in the age of technology , since the levels of security and storage handling these cards have led banks and other financial institutions in the world , gradually replacing their conventional magnetic stripe cards for the chip. " All owners who hold cards may use them until they expire, the return of the chip card will be immediately and at no cost ," Valdivia said. According ASFI other countries delayed three to four years just to implement the use of these smart cards, in Bolivia has taken only one year and five months from the start of migration.
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