FNB, Nedcor Bank go national with `smart` bank cards
At Cards Africa `98 yesterday, First National Bank, Nedcor and Visa International announced the national launch of smart card-based payment cards.
The cards are branded with Visa v.chip logo and enable instantaneous transfer of funds at point of sale, with no authorisation necessary. As of November, the v.chip cards will be accepted at 25 000 bank terminals around the country.
Along with FNB and Nedcor, Boland PKS will also support Visa v.chip smart card transactions through retail outlets.