NEWS & ADVICE : CREDIT CARDS
SBI introduces increased security in credit cards
By Ankit Sharma
Jul 29, 2011
Print    Email    RSS   

The largest lender of the country, State Bank of India has introduced increased security features in its credit cards. SBI Cards would now have an extra EMV chip security feature in its credit cards.

EMV refers to 'Euro Pay, MasterCard & Visa' which is an industry standard for offering security features on cards to customers across the globe.

Kadambi Narahari, CEO, SBI Cards, said, "The launch of the EMV chip based cards for over 85% of our new cards will help our customer with greater security features. We will move to EMV for 100% of all new customers and cards within a few weeks."

This feature helps in preventing the card from getting cloned. It is also in accordance with RBI guidelines for card security features.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Credit card finance charges in India: A...
Handle your credit card with Care
Tips to reduce Auto Insurance Premium
A general guide to Auto Insurance
Hit by the slowdown? Manage your Credit Card!


Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive