Ahlibank launches chip-based credit cards
Ahlibank has launched new chip-enabled credit and debit cards, offering customers additional security against frauds.
The EMV (Europay Mastercard Visa) compliant card, also known as smart cards, carries data that ensure that it could be used only by an authorised customer, Ahlibank said.
Once all retail outlets have point-of-sale machines to read the smart chip, cardholders need to key in a secret PIN number, that reduces the risk of fraud.
Apart from enjoying higher protection against frauds, the customers also get a range of benefits including insurance and a package of reward options at a later stage.
Smart chip technology is gaining worldwide acceptance and a large volume of card transactions across the world are now carried out by 'chip and PIN'.
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