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    News in brief

    The State Bank of Vietnam urges transition to EMV

    News in brief

    The State Bank of Vietnam has instructed banks to “quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud”, according to Vietnam News. “Besides security, the conversion to the new card is also meant to get infrastructure ready for the application of new payment technologies in the near future,” the publication reports. “Five banks will be chosen to trial the conversion and other banks will follow suit.”

    Filed by Email Rian Boden nfcworld.com Published • Last updated 5 May 2016, 12:54

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