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Banks have said that ATM cards with chips as well as strips will protect customers from the crime of skimming.
Skimming is when data held in the strip is lifted from the card enabling thieves to use their own cards to withdraw money from accounts, reports Tnamcot.
The National Computer Crime Protection office said that the problem of skimming had caused losses of 128 million baht in the country in 2013 alone. Banks have spent around 1.5 billion baht on the problem.
Cards with chips on the front as well as strips on the back are being introduced throughout the country. Banks have advised customers that even though cards will continue to have strips on the back the data cannot be read by skimmers if there is also a chip.
Banks said that teething problems experienced by some customers with the new cards in not being able to use the cards at ATMs other than their own bank have now been addressed.
Cards issued from hereon are expected to contain the chip.