July 27, 2017 (LBO) – Sri Lanka’s Commercial Coffer of Ceylon has alien Mastercard debit cards with dent and PIN technology for the aboriginal time to the country.
“These cards alter the absolute Maestro debit cards with alluring strips. The new Dent and PIN debit agenda will minimise the achievability of counterfeit affairs at Point-of-Sale (POS) due to the PIN requirement,” the Coffer said arising a statement.
“This technology renders the new Mastercard debit cards acute and decidedly increases the aegis akin of the agenda back transacting.”
Cardholders will accept their Personal Identification Numbers (PIN) via SMS to registered adaptable numbers back branches affair the card.
The coffer said cardholders are brash to change these PINs to PINs of their best at a Commercial Coffer ATM afore they accomplish a point-of-sale transaction or an ATM transaction.
Cardholders artlessly access their PINs at POS machines to authorise transactions.
“Commercial Coffer consistently believes in introducing technology that affairs to customers. In this day and age, aegis is a primary affair of barter and this new agenda will ensure added defended purchases not alone locally, but additionally back they are overseas,” Hasrath Munasinghe, agent accepted administrator Marketing, Commercial Coffer said.
“The Mastercard debit agenda with dent and PIN technology is accounted accident afraid back it requires the agenda holder to accredit anniversary EMV transaction application a PIN, or use an OTP (One Time Password) for e-commerce transactions.”
The agenda does not abutment acquaintance beneath affairs and cannot be acclimated at e-commerce sites which do not abutment 3D defended technology, or at POS terminals which do not abutment PIN, he added.
Commercial Coffer said it will affair the new cards over the adverse for cardholders who crave an burning replacement.
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