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card payment
News updates related to card payments
Prevent the abuse of credit card swiping to exchange for cash
Payment service organizations must clearly stipulate that credit cards cannot be used for money transfers, which is one of the measures put forth by the State Bank to control risks in card operations.
Economy
Nghe An promotes payment via banks for public services
(Baonghean) - Following the Government's direction, Nghe An province is implementing many solutions to promote cashless payments, including public services. The goal is to reduce the proportion of cash to total means of payment to less than 10% by the end of 2020.
Fearing insecurity, banks will convert 70 million ATM cards to chip cards
According to recent information from the State Bank of Vietnam (SBV), the pilot implementation of the domestic chip card (ATM) standard set is going very well and it is expected that the set will soon be issued for widespread application nationwide. Thus, by 2020, more than 70 million ATM cards will be converted from magnetic cards to chip cards.
Network operators stop paying for scratch cards after trillion-dollar online gambling case
Online payment by scratch card is suspended so that network operators can review the service.
Ho Chi Minh City tax department wants restaurant diners to pay by card
The above solution is recommended for large-scale restaurants that need to issue invoices, not for small eateries.
Closely monitor ATM transactions from 11pm to 1am
After stealing card information, criminals often take advantage of the transition between two days to withdraw the maximum limit.
Payment via POS in Nghe An: Sales are still low
(Baonghean) - Cashless payment is an inevitable trend as technology is increasingly developing, but people's cash consumption habits have not changed much. In Nghe An, ATM cards have developed quite strongly, but POS card payment acceptance machines are very few.
Going to a restaurant, customer swiped card and had nearly 700 million VND deducted
October 9, 2016 16:05
After eating with friends at a restaurant in District 1, Ho Chi Minh City, an Australian customer paid by card and was charged 39,429 AUD (about 683 million VND).
There will soon be regulations on compensation for incidents of 'sudden loss of money' in banks.
September 10, 2016 16:37
The Prime Minister requested the State Bank to issue regulations clearly stating in contracts the responsibilities of banks and how to handle them when risks and incidents arise in payments.
Sweden leads the 'cashless' race
June 5, 2016 20:03
(Baonghean.vn) - Sweden is leading the race towards a cashless country as banks, buses, roadside shops and churches here only accept card payments or virtual accounts.
Warning about fake international card payments
December 27, 2014 19:08
The State Bank has just sent out an urgent notice on preventing and combating counterfeit international card payments.
Card payment via POS: People are not interested yet
February 28, 2012 10:04
(Baonghean)- According to the direction of the State Bank, the goal by the end of 2011 is to connect the card payment network via card acceptance points (POS) to be deployed in all provinces and cities across the country, in order to limit cash circulation, ensure safety and reduce costs.
Nghe An connects card payment network via POS
December 28, 2011 15:18
(Baonghean.vn) - Implementing the direction of the State Bank of Vietnam on deploying interconnection of payment networks...
Why is card payment via POS not yet developed?
July 12, 2011 09:21
There are no official statistics on individual customer transactions via ATM and POS, but according to commercial banks, the majority are cash withdrawals, while card payments are... very rare.
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