Vietcombank cards use contactless chip technology to best meet the growing need for security and protection against information theft, as well as a number of effective measures to protect users. |
| Vietcombank contactless chip card - multi-utility, increased user protection. |
Contactless payment is a modern payment method for transactions with just a simple touch. The cardholder simply holds the card near the payment terminal to complete the transaction without handing the card to someone else or entering a PIN. With the increasing demand for security and protection against information theft, a number of measures have been taken to protect users. The most impressive step is the introduction of contactless chip-based payment cards, along with many other conveniences that allow contactless chip cards to outperform magnetic stripe cards.
Contactless technology makes cards smarter
A contactless chip card, also known as a contactless card, is a type of smart card, the card body contains a chip and a hidden antenna line. The antenna acts as an intermediary to receive and transmit radio waves between the card reader and the chip containing card data. Transaction data is stored on the chip (front of the card) and the encryption changes with each transaction, and this is the basic difference between a chip card and a magnetic stripe card, ensuring the safety and security of the chip card. Currently, Vietcombank has applied contactless chip technology to all of the Bank's card products.
Benefits of contactless cards
Ease of use: Pay faster with just one touch, saving waiting time in line, for small value transactions, customers do not need to enter a PIN to pay
Safer transactions: Touch-to-pay technology is more reliable and secure than other forms of payment because it does not disclose card information during transactions. Chip technology protects you from the risk of card information disclosure or data theft through encryption technology
Easy to link with mobile applications (Apple PayGoogle Pay, Samsungpay): Instantly link with the most popular payment applications in the world such as Apple Pay, Google Pay, Samsung Pay. Say goodbye to bulky wallets. Just need NFC-enabled smartphones to go everywhere without a wallet.
Better durability: Contactless chip cards are more durable than magnetic cards with magnetic strips that are easily scratched.
Vietcombank converts contactless chip technology cards for free
Vietcombank is currently implementing free conversion of magnetic cards to Chip cards. To avoid incurring fees for maintaining magnetic cards, Customers should convert to chip cards and VCB will refund the fee to Customers in case the Customer converts and/or locks the magnetic card within 3 months from the date of fee collection (applicable to both customers converting at the counter and on Digibank digital banking service - applicable for the first conversion).
Conversion methods: 1. Conversion on VCB Digibank: Applicable to debit cards with the following specific steps: - Step 1: Log in to VCB Digibank - Step 2: Select Card service management - Step 3: Select Issue/convert debit card - Step 4: Register to convert debit card technology - Step 5: Fill in card information and select Transaction Point, Card receiving point and press continue to complete. Note: Once the registration procedure is successfully completed, the Customer will not be able to cancel the request to convert card technology. 2. At Vietcombank Branches/Transaction Offices: conversion applies to all types of cards. |
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