Facing the complicated situation of Covid-19, Vietbank transactions will switch to online or limit contact to ensure safety for themselves, their families and the community.
Recently, Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) has successfully implemented CHIP / EMV cards, launched contactless payment via Contactless technology for domestic and international cardholders including customers. issuing cards of Vietbank and customers paying at ATMs and POS of Vietbank.
With contactless payment technology, helping users save time, simply place, glide or lightly wave the card on the POS machine to pay, no need to swipe the card, enter the PIN as the traditional way.
Comment on the convenience when customers use contactless payment methods, TS. Nguyen Tri Hieu – economist said that this is a new payment solution, effective and safe, highly secure when users only need to place it near the POS to be able to pay. This eliminates the possibility of information being stolen on the front and back of the card, leading to card counterfeiting.
In addition to developing contactless payment technology, Vietbank has also increased the convenience experience as well as increased security features for customers. At the same time, enhancing the expansion of products and services, developing and expanding the ecosystem on Vietbank Digital (Mobile Banking and Internet banking versions) and free of all registration fees, annual fees, account management fees and reducing interbank transfer fee from VND 11,000 to VND 2,200 for a successful transaction on Vietbank Digital, applied for transactions of less than VND 2 million. The program started to deploy on April 1, 2020.
Other News
The bank is racing using chip card technology
Banks are racing to use the technology to convert magnetic cards to chip cards. Accordingly, customers receive many benefits from domestic chip cards. Technology is constantly updating Switching cards from magnetic to chip technology is a requirement for commercial banks in the period 2020-2021. Ms. Nguyen Hong Van – Director of Vietcombank Card Center said
Details
Converting magnetic cards to chip cards: Difficulties do not lie in the cost
The State Bank of Vietnam (SBV) instructs commercial banks to convert magnetic cards to chip cards from now to 2020. Risk reduction SBV Deputy Governor Nguyen Kim Anh said that the conversion to chip cards is an indispensable trend of countries in the region and the world in the face of increasing high technology crime.
Details
Sacombank upgrades the latest online payment security technology
Sacombank is one of the first banks to coordinate with Visa and MasterCard to upgrade the 3D-Secure multi-level protection system version 1.0 to 2.0 according to EMV standards for these cards at the bank. Source: https://thanhnien.vn/tai-chinh-kinh-doanh/sacombank-nang-cap-cong-nghe-bao-mat-thanh-toan-truc-tuyen-moi-nhat-1339802.html
Details
What are the advantages of ATM technology of chip card compared to magnetic technology?
Enhancing safety, high information security, minimizing the risk of fraud, card information theft … are the outstanding advantages that chip technology cards bring. Recently, banks have been offering ATM cards based on domestic VCCS card standards, complying with EMV international standards as well as increasing communication to their customers about this conversion. Have you ever
Details
Reduce the risk of transaction room payment COVID-19
Implementing Directive No. 01 / CT-NHNN of the Governor of the State Bank of Vietnam (SBV) requires the banking sector to step up non-cash payments, especially through bank payments for public services, for Up to this point, Techcombank is a typical commercial bank leading the promotion of non-cash electronic payment channels to both increase convenience
Details
100 million in a bank account ‘without wings but flying’
In 30 minutes, the bank account of Mr. Vo Tan Dinh opened at Sacombank was withdrawn 100 million when fraudsters made 35 money transfer transactions. Mr. Vo Tan Dinh said that on the morning of February 18, he went to Sacombank’s transaction office in Bau Bang district (Binh Duong) to deposit VND 105 million into
Details
