BOV issues first EMV chip card
Bank of Valletta said yesterday it successfully issued the first EMV chip and Pin cards through its systems. CEO Tonio Depasquale said that by the end of the year, the bank would have replaced most of the existing cards with the new EMV chip and Pin cards.
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Bank of Valletta said yesterday it successfully issued the first EMV chip and Pin cards through its systems.
CEO Tonio Depasquale said that by the end of the year, the bank would have replaced most of the existing cards with the new EMV chip and Pin cards. He explained that this is a complex logistical exercise that is seeing the bank implement the new technology for the benefit of its customers. The new cards that Bank of Valletta will be issuing offer customers a number of benefits over the cards in circulation, including improved security and a more efficient payment process. The bank said that, when using the new EMV chip and Pin cards, the card holder authorises the transaction by entering his Pin on the keypad of the electronic point of sale terminal (Epos). This is faster and more secure than the system in place today where the customer signs a receipt generated by the Epos to authorise the transaction. SubjectBOV issues first EMV chip card Name (your name) To (email address of the recipient) Message (optional) // Comment about "BOV issues first EMV chip card" Full Name (your name)Email (your email address)Home townPhone // // // // // CommentsAntoine Borg (1 day, 20 hours ago)There is an important legal principle at stake here: At the moment, if someone steals my card and forges my signature, I can easily point out that the onus is on the shopkeeper/bank to prove that the signature is mine. In other words, the burden of proof lies on the person requesting money.However, if I use my PIN instead, the law assumes that it could only have been me and that therefore the onus is on me to prove that I did not effect the transaction. In other words, the situation changes and I have to prove that I'm innocent.Slippery slope ... Paul Barrett (2 days, 3 hours ago)Fine - but how long will it take to get the machines into the shops (point of sale) for us to use? Next article • Free calls offerArticle © Allied Newspapers Ltd., printed on Friday, June 6, 2008. This article is for personal use only, and should not be distributed. CareersClassifiedsFinance & AccountingManagementTechnologycareer articles »NAXXAR . Good Opportunity! Two bedroom...GÅ»IRA. Highly finished three double...SLIEMA. Typical, converted Maltese...QAWRA. New completely finished one / two...MADLIENA. Three bedroom apartment having...GOZO, XAGĦRA. Very bright, shell two...more » // Most ReadMost EmailedMost CommentedUPDATED: Muscat three votes short of Labour leadershipI am a womanUPDATED: 'I'm still in the contest' - AbelaMLP leadership election: Vote counting startsSant to resign Opposition leader postUpdated: Briton drowns off BugibbaGovernment decides not to reconstitute MaltaSong boardMEPA approves Mistra developmentAnnouncementsAnnouncementsSt Angelo by candlelight on Friday the 13th!I am a womanUPDATED: MEPA puts off Fort Cambridge development decisionIT company wins €600,000 contractReligious education in need of revisionA village called Għaxaq in GuatemalaComputer subsidy scheme extendedEU to act against Malta on money laundering directiveSecret of a lasting relationshipMEPA approves Mistra developmentLabour leadership contenders fume over Schulz endorsement of MuscatVodka on the rocksUpdated: Muscat wins endorsement of European socialists' head Tackling transport: Gatt seeks new, and old, solutionsUPDATED: Muscat three votes short of Labour leadershipMigrants land at Golden BayChemistry exam paper mistake: No Reviser foundMLP commission tells candidates to miss XarabankOpposition turns down request for pairingMalta to stay in Eurovision Song Contest //