In accordance with Circular No. 1099/NHNN-TT of the State Bank of Vietnam on stopping transactions using magnetic strips on bank cards, from June 1, 2025, Bac A Commercial Joint Stock Bank (BAC A BANK) will officially stop transactions on magnetic strip technology debit cards. Instead, BAC A BANK will only provide transaction services with Contactless Chip cards.

Refund offer from BAC A BANK. Photo: BAB

With the card integrated with BAC A BANK's VSSC contactless Chip technology, customers only need to place it near, touch or wave the card lightly on the POS/ mPOS device with the Contactless symbol to pay, instead of swiping the card as in the traditional way before.

Possessing many outstanding advantages in processing speed, transaction time, and enhanced security, helping customers limit the risk of personal information theft, Chip technology debit cards become a fast, convenient, safe payment method, suitable for a variety of transactions in daily life.

From April 4, 2025 to May 31, 2025, to encourage customers to convert magnetic cards to Chip cards, Bac A Commercial Joint Stock Bank is excited to launch the program "Quick card conversion - Unlimited incentives", bringing thousands of attractive and practical gifts to cardholders.

Fast card conversion, unlimited incentives from April 4, 2025. Photo: BAB

Accordingly, when converting a magnetic card to a Chip card at a BAC A BANK transaction counter or on the BAC A BANK Mobile Banking application, customers will receive a refund of the card issuance fee (worth VND 22,000) into their payment account.

More attractively, the first 2,000 cardholders to successfully convert and activate their cards during the Program will receive 50,000 VND in their payment accounts. This is a practical incentive that contributes to encouraging the experience of international standard cards, ensuring transaction safety, saving costs and optimizing benefits for customers.

BAC A BANK staff advises customers to open a card. Photo: BAB

To own a modern Chip card, customers just need to register for card issuance right on the BAC A BANK Mobile Banking application, or bring their ID to the nearest BAC A BANK Branch/Transaction Office.

For more information, please visit Website www.baca-bank.vn or contact Customer Service Center 1800 588 828.

Source: https://baonghean.vn/thanh-toan-hien-dai-an-toan-tu-the-chip-contactless-cua-bac-a-bank-10294519.html