Republic Bank (Guyana) Limited on Wednesday May 15, has announced that it had been able to “quickly identify” cases where its customers had been impacted by recent fraudulent activity on its Visa International Debit Cards.

In a statement the bank gave no details as to when the fraudulent activity occurred but said that it was “able to quickly identify cases where customers” cards were compromised and was able to effectively minimize the risk to other customers.

It was quoted as saying by Caribbean News Service that it was taking the necessary steps to regularize all affected accounts using “a well-defined, standard process, focused on reducing customer inconvenience.

The Trinidad-headquartered bank said that it will continue to ensure that “the most up-to-date security is available through all of its channels toward the financial safety of the banking public” and was also taking the opportunity to remind customers of the need to be vigilant when using their debit cards and monitoring their account activity.

 

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