From today, ATM cards issued on the market must be chip cards

TTO – As of March 31st, banks are no longer issuing new domestic cards as magnetic cards to switch to chip cards. The cessation of issuing magnetic ATM cards is to comply with the provisions of Circular No. 22 on amending and supplementing a number of articles of Circular No. 19 on banking card operations. In Circular 22, the State Bank of Vietnam stipulates a mandatory period for banks to stop issuing magnetic cards as of March 31, in order to prevent some banks from continuing to issue new magnetic cards. customers, affecting the roadmap to convert local chip cards in 2021. Recognizing the fact that over the past time, some banks have gradually converted to ATM chip cards. From February 2020, Vietcombank announced to stop providing services for Connect24 cards with prefix 686868 and asked customers to come to the counter to exchange for free cards. At TPBank, the issuance of new domestic chip cards has been tested since the end of 2018 and officially released to all customers from June 2016. All ATMs, POS and LiveBank machines of this bank have also been upgraded and converted to accept domestic chip cards. Some banks also develop a non-physical card such as Nam A Bank, which issues a non-physical credit card, integrated right into the Open Banking digital banking application to help customers make transactions without holding the card. in your wallet, don’t worry about losing your card. Currently, many banks are still maintaining the policy of converting free to chip cards for customers. However, according to some banks, since the magnetic ATM card is still being used normally, many customers have not actively registered to switch cards because they are afraid of the procedure. According to the National Payment Corporation of Vietnam (Napas), by the end of 2020, 38 banks have issued domestic chip cards, and upgraded the infrastructure to accept chip cards on ATMs. POS. Source: https://tuoitre.vn/tu-hom-nay-the-atm-phat-hanh-tren-thi-truong-phai-la-the-chip-20210331192849882.htm

COVID-19: An opportunity for breakthrough non-cash payment services

According to the Vietnam National Payment Joint Stock Company (NAPAS), by 2020, the number of fast money transfers 24/7 surpassed the number of ATM withdrawals and accounted for nearly 66.6% of the total. the number of transactions processed by the NAPAS system. On November 13, Vietnam National Settlement Joint Stock Company (NAPAS) held the 6th

Tốn hàng ngàn tỷ chuyển đổi hơn 76 triệu thẻ ATM

Các ngân hàng thương mại sẽ phát hành thẻ ATM làm bằng công nghệ chip thay cho thẻ từ. Vậy, chi phí chuyển đổi thẻ lên đến hàng ngàn tỷ đồng, khách hàng hay ngân hàng sẽ gánh? Công ty cổ phần thanh toán quốc gia Việt Nam (Napas) cùng với 7 ngân hàng là

ACB phát hành hai dòng thẻ chip nội địa mới áp dụng công nghệ VCCS

Tuân thủ Thông tư 41/2018/TT-NHNN, đồng thời gia tăng trải nghiệm và nâng cao tính an toàn trong giao dịch thẻ nội địa, ACB đã phát hành hai dòng thẻ chip nội địa mới sử dụng công nghệ VCCS: Thẻ chip ghi nợ nội địa với tên gọi ACB Green và Thẻ chip tín dụng

Regulations on the model of citizen’s identity card attached to electronic chips

The form of a Citizen Identification Card (CCCD) under Circular No. 06 has an electronic chip and stores basic information of citizens, with two languages in Vietnamese and English. Circular No. 06/2021 / TT-BCA on the model of citizen’s identity card (Circular 06), including 05 articles and takes effect from January 23, 2021, signed by

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

“Electronic payment helps fight money laundering and anti-corruption”

“Electronic payment helps fight money laundering and anti-corruption” That is the affirmation of Deputy Prime Minister Vu Duc Dam in the Forum of developing electronic payment ecosystem in 2019 with the theme “Moving with chip technology” by the State Bank, National Payment Joint Stock Company. Vietnam (Napas) and Vietnam Economic Times have just organized. According