According to sources close to the investigation, three of the arrested men used forged UnionPay cards and one used cards issued under other people’s names. The illegal withdrawals using UnionPay cards were revealed during a reinvestigation by police authorities and financial institutions into ATM transactions made using overseas cards. UnionPay cards can also be used at other Japanese financial institutions, so the police are trying to confirm whether more money has been withdrawn. UnionPay cards feature a magnetic strip and an IC chip that is difficult to forge. About 5.8 billion UnionPay cards have been issued, and they can be used in 160 countries and territories.

Source: The Nation Bangkok November 18, 2016 04:41 UTC