A bold imprint on Vietcombank card service in 2020

The fact that Visa simultaneously awarded 4 prizes for spending and card payment to Vietcombank once again affirms the quality of card services in particular and Vietcombank’s retail products in general in 2020. As Lao Dong reported, the Visa international card organization has just awarded 4 important award categories in 2020 to the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank). These awards include: Leadership in Payment Volume 2020 – Leadership in Payment Volume 2020; Leadership in Debit Payment Volume 2020 – Leadership in Debit Payment Volume 2020; Leadership in Merchant Sales Volume 2020 – Leadership in Merchant Sales Volume 2020 and Leadership in Contactless Active Terminals Penetration – Leadership in Contactless Active Terminals Penetration. Having the best market share and recognition in Vietnam today, the awards awarded by Visa are prestigious awards to evaluate and recognize the important contribution of member banks in general, Vietcombank in particular. in the development of Visa card services in Vietnam market last year. As one of the first banks in Vietnam to implement card operations in the market from 1995-1996, during the past years, Vietcombank has always received important awards from Visa. Up to now, Vietcombank continues to affirm its leading position in the market with customer size continuously increasing and customer quality being strengthened. Every year, Vietcombank focuses on investing resources to improve and upgrade existing products, at the same time with research and development of new products, applying the most advanced payment technologies in the world. gender and region. Vietcombank’s efforts are aimed at providing customers with the most modern, secure, convenient, and simple card payment experience. Ms. Nguyen Thi Kim Oanh – Deputy General Director of Vietcombank shared that, in 2020, in the context of the common difficulties of the economy and the banking industry due to the great impact from the COVID-19 pandemic, Vietcombank is still making continuous efforts and actively promote the widespread application of Contactless card technology, actively expand the network of one-touch payment accepting units, promote the application of VCCS chip standard for internal debit cards. address of Vietcombank Connect 24 in both issuance and payment. Thanks to that, the retail banking business in general and in particular the card business of Vietcombank still achieved very proud achievements. “Vietcombank’s goal is to become the number one retail bank in Vietnam by 2025. To achieve that goal, we have been and will constantly improve the quality of retail products and services in general. and card products in particular with a customer-centric orientation. With the cooperation and support from Visa – the leading card organization with the market share in Vietnam today, we believe this goal will come true soon “- Ms. Nguyen Thi Kim Oanh affirmed. According to Vietcombank’s representative, the Visa awards once again affirm the quality of Vietcombank card service in particular and Vietcombank’s retail products in general. This is also the driving force for the bank to continue to strive to provide the market with card products with many distinct added values ​​as well as constantly improve service quality to meet increasingly diverse requirements of customer. Source: https://laodong.vn/kinh-te/dau-an-dam-net-ve-dich-vu-the-vietcombank-nam-2020-866171.ldo

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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Nam A Bank put IA robot and artificial intelligence into the transaction

Nam A Bank has officially launched a digital transaction space integrated with modern equipment ecosystem, especially the application of artificial intelligence (AI) to enhance customer experience on 12/12. Here, Nam A Bank also “launched” Robot OPBA and became the pioneer Vietnamese bank to bring robots to serve customers. For the first time in Vietnam, customers

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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

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Ensuring Vietnam’s digital payment security

Payment boom without cash In recent years, Vietnam has seen an explosion of cashless payment methods, including credit cards, Internet Banking, e-wallets and other digital payment applications. Vietnamese consumers are increasingly actively accepting digital payments because of the convenience and speed of payment, so this payment method is used more frequently in direct door-to-door transactions.

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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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3D-Secure – secure technology for card transactions

With outstanding advantages of safety – security – convenience, 3D-Secure has been well received and used by Vietcombank cardholders. Recently, the Bank for Foreign Trade of Vietnam (Vietcombank) has invested heavily in technology systems, prioritizing the use of infrastructure and application of the most advanced, modern and most secure technology, ensuring transaction support. Card payment,

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