
Passengers can use the smart bus card to make inter-payment for all future public transport in the future.
Vietbank has just organized an event to announce the successful implementation of the smart payment card project for public transport activities on December 26 in Ho Chi Minh City.
According to Vietbank representative, the smart card payment application for buses is built on the technology platform in line with the current trend in the world. The card incorporates openloop EMV chip card technology (open ecosystem) which is more secure than the magnetic card. The application on the identity management system of the executive unit and the clearing service of the bank creates a platform to connect various types of public transport.
“We invest in digital technology on the 4.0 technology platform to provide intelligent solutions that meet application development in public transport and other areas and customer needs,” the bank representative said. shared goods.
As a clearing bank, Vietbank applied smart and automatic payment pilot information technology for public passenger transportation by bus in Ho Chi Minh City. The project put into operation to improve the quality of passenger transport services, attracting people to participate in using public passenger transport, contributing to reducing congestion and traffic accidents.
Users are protected information security thanks to accurate technology, high security, and can also use the card to pay for shopping at stores, restaurants, shopping centers, online payment at home and abroad. .
In addition, the smart bus card project also helps the State management agencies and public transport operators to strictly manage ticket policies, manage inter-system types. Various public transport patterns.
“The smart card project contributes to reducing manpower costs and printing and issuing paper bus tickets, managing accurate, efficient and transparent revenues,” the bank representative commented.
Other News
MB can apply Contactless contactless technology
Military Commercial Joint Stock Bank (MB) said that the bank has officially issued a line of domestic debit cards that apply the basic standards of domestic chip cards VCCS. Specifically, according to information from MB, strictly comply with the State Bank’s Circular 41/2018 / TT-NHNN on supplementing the basic standard regulations (VCCS) on chip cards
Details
BIOLOGICAL TECHNOLOGY: SECURITY COURSE OF BANKING IN THE FUTURE
The following article discusses IDEX Biometrics ASA’s Vice President, David Orme about the concerns of Generation Z (those born from 1995 onwards) on online banking security. and the importance of biometric technology to the younger generation. The payment ecosystem continues to grow due to the ever-increasing interest in payment methods. Today, Generation Z is considered
Details
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,
Details
Cashless transactions increased impressively
In the first 6 months of 2020, the total amount and total value of non-cash payment transactions via the NAPAS system increased by 138% and 140.5%, respectively, compared to the same period last year. To contribute to promoting non-cash payments, exchanging with Tuoi Tre, Mr. Nguyen Dang Hung, deputy general director of Vietnam National Payment
Details
Bustling conversion of magnetic cards to chip cards
The change from magnetic card to chip card will limit the situation of criminals stealing card data to make fake cards to withdraw money … “The cost to produce a chip card is about 8 to 10 times higher than that of making a card, so with the existing number of existing customers using our
Details
Electronic payments spike in Covid-19
Users switch to payment via cards, mobile applications, QR codes … to increase safety and convenience in Covid-19, and enjoy incentives from the bank. Never used a banking application to pay bills, Ms. Thu Hong (District 8, Ho Chi Minh City), surprised by the convenience of this method. “The recent payment of utility bills, for
Details