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 Citizen Commercial Joint Stock Bank (NCB) officially issues and converts magnetic card to Chip card meeting VCCS standard for domestic debit card line. Accordingly, from March 8, 2021, NCB officially stopped issuing new magnetic debit card products and replaced it with contactless chip card. At the same time, existing customers using magnetic cards will be supported by NCB to convert cards to chip cards for convenience in transactions. NCB domestic debit card is converted from magnetic card technology to contactless chip card for safety and integrates many utilities for customers to use: safer with EMV security chip, limiting fake transactions and information theft; Accepted on all ATM and POS card payment devices with chip technology in Vietnam; Buy online conveniently at many websites; Smart security method through one-time password (OTP). NCB’s domestic chip card, in addition to normal transaction features, also has a Contactless payment feature identified by a wave bar icon on the front of the card. When paying, customers only need to touch or bring the card to contactless POS device to complete the transaction easily instead of swiping the card or plugging in the card reader as traditional payment method. To soon experience a modern and safe payment method, customers only need to bring ID / Passport / Citizen card to any NCB branch / transaction office to issue or register for card replacement. from to NCB domestic debit card. Over 25 years of construction and development, NCB has always focused on investing and applying modern technology to bring the best financial solutions as well as the best service experience to customers. The Bank is also one of the leading credit institutions in diversifying and developing secure and secure products and services, to provide customers with a variety of payment options and experiences. Domestic Chip Cards according to VCCS standards are electronic chip cards 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. When making a payment, the local Chip card generates a unique and never repeated transaction code. Therefore, the conversion from magnetic card to domestic chip card according to VCCS standard will make the transactions of NCB domestic debit card extremely secure and reduce the risk of fraud and forgery. Source: https://laodong.vn/doanh-nghiep-doanh-nhan/ncb-phat-hanh-the-chip-ghi-no-noi-dia-dat-chuan-vccs-886838.ldo