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
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Actively convert magnetic cards to chip cards
The current trend in the world is to convert to chip cards to enhance security and security for bank cards. Vietnam can also not be out of this trend when banks are making positive moves, applying domestic chip card standards throughout the system. Increased utility and safety for the card According to the roadmap set
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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.
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QR code payment – New trend of modern young people
At any location, even without carrying a wallet, cash or bank card, you can confidently pay the bill in a snap with QR code (payment by QR code) via mobile banking. This trend has become a modern payment trend for many young people today. “Very fast, every time I go out to eat and drink,
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Agribank actively accelerates the conversion of magnetic cards to chip cards
Converting domestic payment cards from magnetic cards to chip cards is one of the key solutions of Vietnam Bank for Agriculture and Rural Development (Agribank), in compliance with the Project of non-cash payment development the 2016-2020 period of the Prime Minister and Circular No. 41/2018 / TT-NHNN dated December 28, 2018 of the State Bank.
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It costs trillions to convert over 76 million ATM cards
Commercial banks will issue ATM cards made of chip technology instead of magnetic cards. So, the card conversion cost up to thousands of billion, customers or banks will bear? Vietnam National Payment Joint Stock Company (Napas) along with 7 banks namely Vietcombank, BIDV, Agribank, VietinBank, Sacombank, ABBank and TPBank have started converting cards from ATM
Details Cashless payment: Need drastic from the state management
Promoting cashless payments requires a specific solution, not just propaganda … “The challenge of slowing the transition from magnetic stripe to chip card, what’s the reason?” is the first issue raised during the discussion at the 2019 Electronic Payment Ecosystem Development Forum: Moving with Chip technology by the Vietnam Economic Times in collaboration with Vietnam
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