PVcomBank converts ATM cards made from magnetic tape technology to EMV chip technology

Vietnam Joint Stock Commercial Bank (PVcomBank) has just converted all bank ATM cards made from magnetic tape technology to the most advanced EMV chip technology, helping customers to trade safely and enjoy many current payment utilities. Great.
Domestic card (ATM) is one of the most popular payment methods in Vietnam today. Cardholders can use the card to withdraw money and pay for goods and services directly at the merchants or on the internet.

In addition to the utilities brought by the card, recently, on the media also mentioned a lot of cases where the cardholder lost money due to the customer’s card being stolen data during use. .

In the face of increasing high-tech crime, the issue of safety and confidentiality in card payment is paid special attention by banks as well as cardholders and chip cards with EMV technology is the solution to this problem. that math.

Domestic chip cards fully meet the technical factors of safety and security according to EMV international standards, limiting risks of fraud, forgery in card payment, ensuring security and bar safety. payment for customers, as an important platform to integrate and apply services as well as non-cash payment facilities for fields such as health, education, transportation, insurance, 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 a touch of the card to the POS machine is complete. deal. Issuing banks will set a threshold of payment value without customer authentication for small value transactions.

Grasping this trend, PVcomBank has officially released domestic VCCS standard chip cards, helping to increase many features and utilities for customers, making an important contribution to promoting cashless payment, as a platform. important for integration, applications for non-cash payment services and facilities in other industries.

Representative of PVcomBank said: “Domestic chip cards are an indispensable trend of the banking and finance industry in Vietnam and in the world today, PVcomBank is not out of this race, with many efforts to promote development and sue. technology applied to chip cards issued to customers. The Bank is committed to ensuring that magnetic card operations remain transparent and safe throughout the transition period, eventually completely replacing magnetic cards in transactions ”.

Also according to the representative of PVcomBank, the entire system and staff of PVcomBank are ready with a clear deployment roadmap with infrastructure, experience in customer service in this campaign, to bring the The most impressive financial solution and service experience.