Domestic chip cards fully meet the technical factors of safety and security according to EMV international standards, limiting risks of fraudulent frauds in card payment, ensuring payment security for customer. It is also an important platform for integrating and applying for non-cash payment services and services for services such as health, education, transportation, insurance and public services.
The use of domestic chip card payment with contactless technology for small value transactions will bring a new experience to customers when just one touch of the card to the POS machine can be completed. deal. Issuing banks will set a threshold of payment value without customer authentication for small value transactions.
“The conversion of domestic chip cards is an indispensable trend of countries in the region and the world in the face of increasing high technology crime and focusing on markets that have not yet implemented the conversion of chip technology. Therefore, Vietnam Bank Card Association, banks, Napas and related units need to coordinate more closely and more actively to accelerate the conversion of domestic chip cards in accordance with the schedule issued by the State Bank. The conversion must ensure the card operation continues, is stable and safe; at the same time, it is necessary to ensure the legal rights of cardholders during the conversion process ”- the representative of NganLuong.vn State goods said.
Other News
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.
Details
TPBank spent tens of millions of dollars upgrading eBank applications
The bank calls the new version of internet banking a future digital banking platform, integrating many new technologies such as AI, machine learning … eBank X – the latest version of Internet Banking of TPBank was officially put into operation on December 6. The newly introduced upgrade has many significant improvements compared to the old
Details
NCB issues domestic debit card that meets VCCS standard
In order to comply with the regulations on chip card facility standards in accordance with Circular 41/2018 / TT-NHNN, at the same time, enhance risk management in card business and operation of NCB and bring customers experience. many modern payment utilities, thereby improving card service quality, expanding and developing card business and digital banking. National
Details
Thanh toán không dùng tiền mặt: giảm rủi ro, phòng dịch Covid-19
Ngay đầu năm 2020, Thống đốc Ngân hàng Nhà nước (NHNN) đã ban hành Chỉ thị số 01/CT-NHNN yêu cầu ngành ngân hàng phải đẩy mạnh thanh toán không dùng tiền mặt, đặc biệt là thanh toán qua ngân hàng đối với các dịch vụ công Đến nay, Techcombank đang là ngân hàng (NH) thương
Details
“Chiping” to limit risks
Upgrading the card issuing system will have to go along with the upgrade of the switching system. Banks have to invest more, but they have to accept because this is an indispensable demand, in line with the general trend of countries around the world, contributing to ensuring security, safety, information security, preventing prevent frauds in
Details
Vietnam is ready to convert magnetic cards into local chip cards
Stable, safe, smooth conversion and ensure the interests of card holders, aiming to convert all bank cards from magnetic cards to domestic chip cards using safe, secure and convenient chip technology Useful, multi-application for all Vietnamese people. Under the direction of the State Bank, Vietnam Bank Card Association (VBCA) in collaboration with Vietnam National Payment
Details
