Cardholders can pay by simply 'tapping' their Visa contactless credit card at contactless POS terminals. The bank said that the cardholders will now feel safer to transact as they get to keep the card with themselves while making a payment.
The contactless Visa credit cards (Signature, Platinum, Gold, and Classic) come with NFC (Near Field Communication) technology, which spontaneously communicates with the contactless payment terminals (Contactless POS) and exchange the needed information to complete the transaction.
Md. Mahiul Islam who heads the bank's Retail Banking division, says, "We are thrilled that we are enabling our cardholders to experience transactional efficiency while embracing the new normal in their digital lifestyle, and what excites us more is to be able to ensure their safety during this pandemic situation with the contactless feature".
The bank said that these cards will be: i) faster, as the cardholder does not need to swipe or dip the card or enter the PIN; ii) safer, as the card remains in the cardholder's hands while making a transaction; and iii) convenient, as the contactless cards are widely accepted across the world.
BRAC Bank brings Visa contactless credit cards for safer payments
FE Team | Published: July 02, 2020 00:13:06
BRAC Bank brings Visa contactless credit cards for safer payments
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