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chip card
Updated news related to chip cards
Modern, secure payment from BAC A Bank's Contactless chip card
Convert magnetic card to chip card to experience modern, fast and safe payment method from BAC A BANK.
Economy
The superiority of citizen identification cards with electronic chips
The proposal that citizen identification cards (CCCD) will be attached with electronic chips, instead of barcodes as at present, has been a matter of public concern in recent days. It is expected that when approved by the Government, it will be implemented from November 2020. So, what are the advantages of this type of CCCD card with electronic chips?
85 million ATM cards switched to chip cards: No more worries about losing money?
The cost of making card blanks is the biggest burden for banks when converting magnetic cards to chip cards.
ATM without card, just smile to withdraw money
Facial recognition technology, which has been a highlight in movies, is gradually becoming a reality. Thanks to it, customers can withdraw money without an ATM card, just smile when paying for purchases without having to take out their wallets...
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) standards is going very well and it is expected that the standards 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.
Cashless payments will cover the entire public sector
By 2020, the entire market will have at least 300,000 card swiping machines (POS) installed. Of which, 100% of state treasuries in districts, provinces and centrally run cities will have card acceptance devices to serve state budget collection.
Tens of millions of ATM cards must be converted
All domestic debit cards (ATMs) issued by Vietnamese commercial banks will have to convert from magnetic cards to chip cards according to the State Bank's project.
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