Šiaulių Bankas introduces contactless payment cards
From now on the clients of Šiaulių Bankas will be able to take advantage of contactless payment cards which allow making payments easier and faster. Contactless payment card can be used to pay for goods and services without entering a PIN code if the settlement amount does not exceed 10 euros.
New Mastercard contactless payment cards do not differ from usual cards, however, the payment itself is much easier and faster - if the amount does not exceed 10 euros, all You need is to touch the card to the electronic card reader. From time to time the reader can ask to enter the PIN code for additional identification.
"Contactless card is a simple innovation that makes settlements easier, allows saving the clients' precious time by taking only few seconds to pay for small purchases. It is much easier way to pay, you do not need to waste your time on entering a PIN code or looking for cash in the pocket", - says Deputy Chief Executive Officer of Šiaulių Bankas, Head of Business Development Division Daiva Šorienė.
Šiaulių Bankas has offered four Mastercard cards - both private and corporate clients can apply for two types of cards - debit and credit. These cards are subject to the same terms of acquisition as usual cards.
D.Šorienė emphasized that it is safe to pay by means of contactless payment card. For safety reasons, after one or more consecutive payments the customers can be asked to enter the PIN code in order to check if the settlement is carried out by a payment card holder. "Contactless payment cards are the safe way to pay for bargains as you do not need to place them into the reader or pass to cashier officer, the card's data cannot be read or copied imperceptibly while the lost card is blocked", - says the representative of Šiaulių Bankas.
There is no need to be afraid that a client can touch the reader with the contactless card more than once. A special safeguarding technology is installed in the card which ensures that only one transactions will be performed when touching the card on the reader. Even if the card is tapped on the reader for several times, the amount of of the same purchase will be debited once.
"Contactless payment cards are equipped with all relevant functions to protect customers from possible irregularities. Even if the card is touched to the reader more than once, only the amount for purchased number of items will be debited. Besides, a contacless payment can be performed only if a distance between the card and the reader does don exceed 1- 4 cm. In order to executed a payment transaction, the card mus be closed to the reader and kept for some time", - says Head of Business Development Division Daiva Šorienė.
Šiaulių Bankas also offers the additional security programme subscribing to which the card holder will be subject to compensation of losses if the card is lost, stolen or used illegally.