Debit and credit card magnetic strips will no longer be used to make payments. From now on, it will only be possible to make payments with chip cards.
Matrix cards, used to ensure secure online bank account transactions, will also cease to serve. Passbooks that were used to raise money will be extinguished.
Thus, banks should start sending a code to their customers via SMS if they want to access their accounts as a way of ensuring extra security (SMS Token).