20 january 2013
Payment cards of VTB Bank (Kazakhstan) – new level of safety
VTB Bank (Kazakhstan) JSC SO informs that since January 11, 2013, the payment cards of VTB Bank have been transferred to EMV standard which has high level of protection in the payment cards industry.
EMV (Europay, MasterCard and VISA) is an international standard for bank cards transactions with a chip. This standard has been developed by joint efforts of Europay, MasterCard and Visa companies in order to increase the level of the financial transactions safety.
The chip has higher level of protection in comparison with the magnetic strip. A secret key of the chip identifying the card in the bank transactions is stored in protected memory. It is recorded into the chip memory at the stage of production and it is impossible to remove it by means of external devices without breaking integrity of the chip itself. The chip’s pin-code is checked by the chip itself unlike the pin-code of the magnetic strip which is checked by the bank’s computer. This circumstance complicates interception of the pin-code. Moreover, as distinct from the magnetic strip the chip is not subject to influence of the magnetic fields.
Rosa Imangaliyeva, Head for the Bank Cards Department of VTB Bank (Kazakhstan) JSC SO, assured,
“VTB Bank transfers to qualitatively new level of servicing its customers – holders of VTB Bank (Kazakhstan) JSC SO’s cards. One of the basic advantages of our Bank is rendering the financial services of European level. New chip cards will increase the level of our customers’ financial transactions safety level.”
You can issue new EMV card or replace the magnetic strip payment card with EMV payment card in any department of VTB Bank (Kazakhstan) JSC SO.
For reference:
VTB Bank (Kazakhstan) JSC SO – is 100% subsidiary Bank of the largest Russian VTB Bank OJSC.
The Bank is an associated member of Visa International Payment System and it has the right for own issue of the payment cards. The Bank’s acquiring devices network counts 24 bank machines and 42 POS-terminals and covers 17 largest cities of Kazakhstan.
On Nove,ber 30, 2012, VTB Bank (Kazakhstan) JSC SO installed the direct inter-host connection to Halyk Bank of Kazakhstan JSC.
VTB Bank and its subsidiaries form international financial group which carries out its activity at Russian and foreign markets. VTB Group consists of above 20 banks and financial companies in 19 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – Government of the Russian Federation (75,5%). VTB Group has been rendering a complete range of the financial services, including bank service of private and corporate customers, investment and bank and additional financial services including leasing, factoring, insurance and pension coverage.