18/12/2015 09:20 GMT+7 Email Print Like 0

Agribank rolls out EMV chip cards

Hanoi, December 18 (VNA) – State-owned Agribank, one of the largest banks in Vietnam, rolled out a set of debit and credit cards for high security transactions using EMV chip technology in Hanoi on December 17.

Highlight was MasterCard Credit Card Platinum (Agribank Platinum) which is believed to offer holders extra convenience and outstanding experiences.

EMV, created by three world largest card associations – Europay, MasterCard, and Visa, is a technical standard for smart payment cards and for payment terminals and automated teller machines that can accept them.

Each EMV card contains a microprocessor chip that creates a unique code for every transaction so that security against fraud is improved compared to magnetic stripe card that rely on the holder’s signature.

Agribank is a pioneer in implementing the non-cash payment project in Vietnam and providing card services to clients in rural and remote areas.