Usually mga multinational banks lang ang may sophisticated fraud detection system. Their system is able to detect highly suspect buying patterns and decline the transaction if it goes beyond the threshold variance. Quite expensive and mga ganitong system kaya bihira magivest mga local banks dito.

There was a fraudulent transaction attempt on my wife's HSBC card, their system detected it and automatically declined the transaction. We only got to know it from a call from HSBC, notifying us of the said attempt and that a replacement card is on its way. Her compromised card was deactivated to avoid future attempts.

Another experience we had was with Citibank atm card. Upon using a compromised atm I received an email immediately saying the atm I used was compromised and to call the Citibank help desk. This is where the CSR explained that their system detected the compromised atm and that they will disable my card for protection. They sent a replacement card.

All of the replacement cards were free. Kaya I prefer to use multinational banks, they have the interest of protecting their customers and is willing to invest on sophisticated technologies to deliver this. Local banks barat, isip siguro nila mas mura pang hintayin na lang nila yung reklamo ng client and hire a group of person to sift and address the reported fraud cases.

Sent from the Twilight Zone...