Stop issuing tape ATM cards

On March 31, credit institutions will terminate the issuance of magnetic ATM cards according to the roadmap of converting bank cards to domestic chip cards. According to the roadmap specified in Circular 22/2020 of the State Bank amending Circular 19/2016 regulating banking card operations, for card issuers from March 31st, stop issuing magnetic tape ATM cards and instead complying with the issuance of cards with BIN issued by the State Bank must comply with the local chip card standards. Previous regulations to December 31, 2020 are at least 60% of chip cards and December 31, 2021 are 100% of chip cards. For card payment organizations, as of December 31, 2021, instead of December 31, 2020, 100% of ATMs and card acceptance devices at point of sale operating in Vietnam of card payment organizations comply with the basic standards of domestic chip cards. The basic standards for domestic chip cards are the basic standard TCCS 01: 2018 / NHNNVN on technical requirements for domestic payment cards with chip technology in Vietnam and TCCS 02: 2018 / NHNNVN on requirements Technical requirements for domestic payment card chip contactless technology in Vietnam announced by the Governor of the State Bank in accordance with Decision 1927 / QD-NHNN dated October 5, 2018. (Clause 26, Article 3 of Circular 19/2016 / TT-NHNN) According to the State Bank, the number of cards issued by credit institutions by the end of 2020 is 94 million domestic cards and 17 million international cards. Source: https://thanhnien.vn/tai-chinh-kinh-doanh/dung-phat-hanh-the-atm-bang-tu-1361915.html

More than 1 million magnetic stripe cards have changed to chip cards

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) said that the bank has converted over 1 million magnetic cards to chip cards According to Ms. Nguyen Hong Van, Director of Vietcombank Card Center, from September 2019, Vietcombank was one of the first banks to deploy new issuance and convert magnetic cards to contactless

Xu hướng thanh toán Thẻ không tiếp xúc lên ngôi

Với nhiều tiện ích và độ bảo mật cao, thẻ contactless (thẻ không tiếp xúc) được dự báo sẽ là xu hướng thanh toán trong thời gian tới, đặc biệt trước bối cảnh dịch COVID-19 đang diễn biến phức tạp và những lo ngại về lây lan dịch bệnh khi sử dụng tiền mặt Tổ

Investing in CHIP cards is an investment for the future

That is the affirmation of Ms. Nguyen Tu Anh, Chairman of the Vietnam National Payment Joint Stock Company (Napas) with the Securities Investment Review. There is an opinion that the card development speed will slow down due to the emergence of new electronic ecosystems, what do you think about this? According to statistics of the

It is difficult for Vietnamese banks to reduce international card fees

Vietnamese banks are proposing international card issuers such as Visa, MasterCard to reduce card fees when revenue from this activity plummets due to the impact of epidemics, but the possibility of fee reduction is not high. The Vietnam Banking Association (VNBA) said that the Covid-19 pandemic was complicated and greatly affected the business activities of

VIETCOMBANK TRIỂN KHAI TÍNH NĂNG BẢO MẬT 3D SECURE CHO THẺ GHI NỢ QUỐC TẾ

Nhằm tăng cường bảo mật khi thanh toán trực tuyến bằng thẻ, từ ngày 01/10/2019, Vietcombank chính thức triển khai tính năng bảo mật 3D Secure cho thẻ ghi nợ quốc tế. Như vậy đến nay, Vietcombank đã triển khai 3D Secure cho tất cả các sản phẩm thẻ tín dụng và ghi nợ quốc tế mang các thương hiệu Visa/Mastercard/Amex/JCB

Việt Nam sẽ sớm trở thành quốc gia không sử dụng tiền mặt

Đó là khẳng định của ông Safdar Khan, thành viên kỳ cựu của Mastercard, người vừa tiếp nhận vai trò Chủ tịch phụ trách các thị trường mới nổi khu vực Đông Nam Á của tập đoàn này. Theo Nikkei, tại châu Á, trong cuộc chiến thanh toán điện tử, Visa và Mastercard đang đối