Military Commercial Joint Stock Bank (MB) said that the bank has officially issued a line of domestic debit cards that apply the basic standards of domestic chip cards VCCS.
Specifically, according to information from MB, strictly comply with the State Bank’s Circular 41/2018 / TT-NHNN on supplementing the basic standard regulations (VCCS) on chip cards to improve safety and security. In domestic card transactions, right from the middle of May2020, MB officially issued cards complying with the basic standards of local chip cards VCCS for domestic debit cards (also known as ATM cards) including Active Plus. and Military Personnel.
Domestic Chip Card according to VCCS standard is an electronic chip card according to the standards issued by international card organizations capable of storing and encrypting information with high security. The VCCS-compliant domestic Chip card is fitted with a small chip, located on the front of the card right above the card number. Accordingly, the conversion from magnetic card to domestic chip card according to VCCS standard will make the transactions of Active Plus and Quan Nhan cards issued by MB bank extremely secure and reduce the risk of fraud and fraud.
Notably, with the newly issued VCCS domestic Chip card, MB bank can develop and apply high technologies such as Contactless – contactless payment technology for payment service of domestic cards in next time.
Source: https://laodong.vn/kinh-te/mb-co-the-ung-dung-cong-nghe-khong-tiep-xuc-contactless-807796.ldo
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