Currently there are many ways to pay with a POS card when we buy, shop, … But in Vietnam, there are 3 most common payment actions are
Coffee card
Insert the card with the chip
Add a card to Smartphone to pay (Currently only Samsung Pay)
I share a bit about the action of the card (for the magnetic card) and put the card with a Chip.
Between these two forms, the card is more convenient, you do not have to spend a lot of time waiting for the POS machine to load data, if you are using a credit card, you do not need to enter a PIN.
Payment by inserting a card with a Chip (Chip Card) can take from 6s to 12 seconds for some POS to read data, worse than I have encountered a few cases where shoppers are too hasty to forget the card in the POS machine, This is not the case when you swipe the card as you will directly hold the card in your hand and withdraw it.
However, in terms of security, Chip Cards will have advantages over Magnetic Cards (swipe cards). Why?
In the black strip to swipe the card there is a strip of code so when we pay it will sync directly with your bank account. This code is unencrypted, and cannot be changed, in other words, a fixed code
The unencrypted code will make it easier for thieves to steal your account, once information is available, the thief can get many other times.
This will not happen to the Chip Card, the Code data contained in the Chip Card is continuously encrypted with the bank account, when you pay, the thief can not steal that code anymore because it is constantly changing. .
Payment by Smartphone
The first is Samsung Pay, although in Vietnam there is only Samsung Pay but not yet able to use Apple Pay for iPhone users.
Payment via Samsung Pay just touch the phone to the POS device is complete, avoid the risk of information theft when you pay via hard card. Called the short-range NFC solution (Near-Field Communications), but not all POS machines have NFC, Samsung Pay has built-in Magnetic Secure Transmission (MST) technology for magnetic payment, available on all devices. Read the current card.
The security of Samsung Pay is similar to the encrypted code on the Chip Card, the code will constantly change after each payment to prevent hackers.
You will not need to carry a card, carry money, carry a wallet, to avoid other personal risks.
Pay with Timo or Momo, ZaloPay, …
These are also very convenient payment methods for you to avoid the risk of stealing your card information as mentioned above or the hassle of having to hold the card in your body.
Tin tức khác
Successful digital transformation requires a change of mindset
Ms. Nguyen Duc Thach Diem, Member of the Board of Directors cum General Director of Sacombank said that digital transformation is not simply the implementation of new technology projects. Digital conversion is considered a vital issue for banks today. Can you share your views on the importance and goal of digital transformation at Sacombank? Digital
Xem chi tiết
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
Xem chi tiết
Nguy cơ mất tiền trong ATM gia tăng vì chậm chuyển thẻ từ sang thẻ chip
Việc chuyển đổi thẻ từ sang thẻ chip ở Việt Nam diễn ra khá chậm chạp. Điều này vô hình chung đã tiếp tay cho tội phạm trộm tiền từ thẻ ATM. Hiện nay, các ngân hàng Việt Nam đang “chạy đua” chuyển đổi thẻ từ sang thẻ chip. Sự chuyển đổi này không chỉ
Xem chi tiết
Many utilities from electronic insurance cards
According to the roadmap set out, from January 1, 2020, the social insurance agency (SI) will issue the electronic health insurance (HI) card for participants. If the electronic health insurance card is issued, it will be a breakthrough of the social insurance industry, bringing many benefits to all stakeholders such as participants of health insurance,
Xem chi tiết
From 2020, there is no need for personal documents for medical examination and treatment with health insurance
For many years, identity card or other personal documents have been an integral part of medical examination and treatment records of health insurance. However, from next year, when medical examination and treatment, people have been able to ignore this type of paper. Medical examination and treatment procedures with current health insurance According to Article 15
Xem chi tiết
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
Xem chi tiết
