ACB's Smart Ally QR Code is produced with anti-counterfeiting technology to ensure the safety of receiving money.
ACB is the first bank to introduce this technology to the market, helping to solve the security problems that many businesses are facing with QR code payments. QR code fraud is common in many countries. Not only in Vietnam, QR code fraud has also been recorded as increasing sharply around the world. Security organization Cofense said it had discovered a QR code campaign targeting Microsoft user login information at many businesses and organizations in the US. More than 1,000 emails with QR codes attached as image or PDF files led to websites containing malicious code targeting a number of key organizations in the energy and finance sectors. In the UK, a "QR code swap" campaign was also discovered at public parking lots. Fraudsters overlaid the original QR, leading to a fake page and tricked into entering account information. Many people said they had been secretly deducted money from this fake service for a long time, about 50 euros per month. This situation is similar to the overwriting of QR codes for money transfers that was recently recorded in Vietnam.
With the popularity of QR codes, scammers can encode fake links or account numbers into QR codes to deceive users - Photo: ACB
Why do scammers choose to use QR codes? According to Mr. Vu Ngoc Son, Technology Director at NSC cybersecurity company, QR codes can only be decoded and displayed through specialized scanners, or more commonly, through phone cameras. The naked eye cannot read the content of the code and it is difficult to distinguish different QR codes. Taking advantage of the above display factor, along with the popularity of QR codes, scammers can encode fake links or account numbers into QR codes to deceive users. If not paying attention, users can scan and access bad links, or transfer money to fake account numbers without knowing. In Vietnam, QR codes are often printed and framed on the counter. Some are even copied into multiple copies and pasted in areas of the store. This is also a loophole that allows scammers to overwrite and "swap" the receiving address. To limit the situation of mistakenly transferring money when scanning QR codes, ACB also recommends that users need to confirm the account number and account holder name with the store owner when scanning the code. The business owner should also proactively check the QR code daily to promptly detect any abnormalities. Peace of mind in business with ACB's anti-counterfeiting QR code technology
Store management solution on ACB One application
Mr. Nguyen Tam Khoa, Deputy Director of Personal Customer Division, Director of Payment Solution Center of Asia Commercial Bank said: "Customers do not need to worry too much because the nature of QR Code is not a direct attack malware but only an intermediary to transmit content. Particularly for payment QR code, it is clearly the most convenient transaction solution for shop owners, ACB has also quickly updated anti-counterfeiting and anti-overlay technology to ensure safety for account holders. ACB is also the first bank to introduce this technology to the market." Accordingly, the payment QR code is designed to clearly display a 7-color light streak, when scanned through the phone camera, it highlights the display element, making it difficult for criminals to counterfeit or overlay without being detected. ACB's payment QR code is likened to this bank's own anti-counterfeiting stamp.
ACB warns users to avoid falling into scam traps - Photo: ACB
The bank representative also said that each solution that the bank offers is carefully researched from customer "insight", both meeting existing needs and predicting new situations to perfect the application, bringing the most benefits to customers. This can be said to be the difference in ACB's product development strategy. Not only stopping at "understanding", the bank always accompanies customers in every financial experience. On August 10, ACB also simultaneously deployed and introduced the Smart Ally Store Management Solution directly to more than 100,000 stores in 49 provinces and cities nationwide and received many positive feedbacks about ACB's QR code. KA, the owner of a souvenir shop in Da Nang, said: "This anti-counterfeit printing material is really necessary. I sell a lot to tourists, the orders are continuous, so sometimes I don't have time to check the money in my account. Once, the QR code was overwritten all morning before I discovered it, losing millions in goods, so I don't dare to print QR anymore. Now that I have this solution, I feel more secure. If I quickly look and see that the 7-color streak is missing, I will immediately detect it." Customers also especially like the design of the exclusive QR publication set based on the image of the five elements, which are mutually beneficial with the shop owner, along with 5 wishes for prosperity: Dong Minh Kim - Kim Tien Tien Toi Dong Minh Moc - Tai Loc Khai Hoa Dong Minh Thuy - Hop Thuy Sinh Tai Dong Minh Hoa - Hoa Khai Loc Dac Dong Minh Tho - Tho Chi Tai Thinh The publication set is given free by ACB and delivered to the shop. The business owner chooses the QR decal type or standing board to place at the counter depending on their needs.| On the occasion of launching the Store Management Solution, ACB also offers a special promotion for the first business owners: For each transaction receiving money from 50,000 VND via QR code or store account, you will be refunded 3,000 VND immediately. The program will refund up to 100,000 VND/customer/month in the first 2 months from the date of creating the first store account on ACB ONE. Accompanying business owners in their daily personal spending activities when using ACB accounts, ACB ONE also offers many attractive incentives such as: direct discount of up to 100K when scanning VNPAY-QR to pay on ACB ONE; Accumulate ACB Rewards points, redeem gifts from just 1 point with entertainment, dining, beauty brands... If you do not have an ACB account, customers can open it online to own more LOCPHAT money receiving accounts and immediately experience the full set of optimal management solutions from the Smart Allies team. |
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