More articles in this category
Top Stories

The dream by Zimbabweans to have long-serving 93-year-old- president, Robert Mugabe give up power, has once more eluded them as he has refused to ...

Namibian Police spokesperson deputy commissioner Edwin Kanguatjivi has refuted kidnapping, murder and child trafficking allegations made by an angry...

Under fire Zimbabwean first lady, Grace Mugabe’s whereabouts in Namibia have been kept in hushed tones by top officials while home affairs m...

Swapo presidential candidate Hage Geingob has all the time to fulfil his campaign promises. However, more action is needed to bring tangible re...

The Development Bank of Namibia’s (DBN) request for the submission of an expression of interest for the provision of a core banking system h...

Campaign Promise: What More Will TEAM HARAMBEE Do   This section presents the campaign promise of TEAM HARAMBEE and highlights the prio...

Other Articles from The Villager

FNB introduces clone resistant cards

Wed, 12 February 2014 22:58
by
News Flash

To stop ATM card cloning, FNB Namibia has added a microchip to the existing cards.

The chief executive officer, Ian Leyenaar, says, “The Chip and Pin Card replaces the old magstripe cards. The card holds the same data but has a chip, which makes it more secure. Instead of swiping the card and signing the slip, cards will be 'dipped' and customers will be required to enter their pin codes.”

 He adds; “When a customer wishes to pay for goods using this system, the card will be placed (dipped) into a “PIN Pad” terminal, which accesses the chip on the card. Once the card has been verified as authentic, the customer will enter a four-digit PIN, which is submitted to the chip on the smart card. If the two match, the chip will signal the terminal that the PIN is correct, otherwise, it will inform it that the PIN is incorrect. Customers will be able to see 'PIN OK' or 'PIN approved' immediately."

FNB Namibia will give the new cards as well as PIN with the card, free of charge. This is applicable to debit as well as credit cards. In the case of credit cards, the PIN is needed if a customer wishes to withdraw funds from the card.

“The point-of-sale machines of all banks have been tested and are compatible with the new Chip and Pin cards of FNB Namibia,” asserts Leynaar.