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2007-10-18
The Bank of Palestine offers a debit card service with a smart chip.
Directors of the Bank of Palestine announced that the bank began replacing old debit and credit cards with smart chips in new Visa and Master Cards. A statement issued by the bank stated that the smart chip technology is a smart innovation and the newest in credit cards around the world. It provides users with unprecedented levels of safety on transactions. Also, new cards contain a small section of data about the holder and wizard-ROM for the conservation of encrypted data which strengthens levels of safety. One of the characteristics the card contains is a magnetic tape which makes it usable in all identified outlets and would provide more safety so as to contribute to the reduction of fraud, as users are required to enter the symbol of their secret payment to confirm their identity. For this part, Jamal Shaheen head of the credit card department in the bank explained that the security is the focus of attention for many card users, and today we can trust and abandon those fears due to the highest international safety standards available through these cards issued by the Bank of Palestine. He added that these credit cards is a smart way to bring additional value in the world of banking services which is changing rapidly. It is noteworthy to include that specialists have ranked the Bank of Palestine first and only to issue and accept credit cards and assumed publication of a culture of accepting credit and debit cards by providing the most stores operating in the West Bank and Gaza Strip electronic selling points to facilitate the process Shopping on the cardholder.
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