SecurityWorldMarket

18/06/2007

New chip card with enhanched security from Qatar national bank

Doha, Qatar

Mr. Ali Shareef Al Emadi, acting chief executive of QNB.

Qatar national bank, in association with MasterCard worldwide, launches the QNB MasterCard unembossed chip debit card in Qatar.

The QNB MasterCard unembossed chip debit card, which comes equipped with the latest chip card technology, is a new MasterCard debit card issued to QNB cardholders for free, providing them with 24 hours access to their accounts.

"The MasterCard unembossed chip debit card has been launched to offer cardholders a payment card with enhanced chip features, combining the convenience of a chip-enabled card with a greater level of security, thus falling in line with our strategy to combat credit and debit card fraud" says Mr. Ali Shareef Al Emadi, acting chief executive of QNB.

"MasterCard and QNB have cooperated closely to develop this initiative for MasterCard cardholders in Qatar. Chip enabled payment cards represent a faster and more convenient way to pay. Having both a chip and magnetic stripe capability ensures that cardholders have the opportunity to use their cards at more than 25 million acceptance locations around the world, including more than 1 million ATM locations worldwide. The launch of QNB MasterCard unembossed chip debit card demonstrates our commitment to share our global expertise to further develop advanced payment solutions across the Middle East" says Denzil Lawson, general manager, Middle East & Levant, MasterCard Worldwide.

The new MasterCard unembossed chip debit card comes with a tiny addition that makes a huge difference; a micro chip that stores all the data of the cardholder. The microprocessor, embedded in the card, carries encrypted data ensuring increased security.

The new QNB MasterCard Unembossed chip debit card has both a magnetic stripe as well as a chip functionality. The card will offer QNB's MasterCard cardholders increased security and will mitigate fraudulent and disputed payments. When making a purchase with their card, cardholders have the opportunity to key in their unique PIN, thereby validating their identity.



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