MUSCAT, 31 January 2016 - Bank Muscat, the flagship financial services provider in the Sultanate, hosted a ceremony to mark the distribution of 500,000 Chip and PIN debit cards featuring advanced security for day-to-day payments and cash withdrawals.
Packed with an array of features and benefits, the new card is designed to make everyday purchases and payments easier. Offering greater flexibility and convenience, the card provides access to the bank's largest network of 153 branches, ATMs and CDMs across Oman.
The innovative chip-based cards provide additional security for transactions through Personal Identification Number (PIN). The initiative heralding the future cards in Oman is in line with the Omani government's ambitious eGovernment project. The cards are in conformity with international standards and reflect the bank's commitment to ensure convenience and security for all card transactions.
While new customers directly receive the Chip & PIN card, all Bank Muscat debit cardholders will automatically migrate to the new card at the time of renewal. With the new technology, cardholders are required to enter a four digit PIN, known only to them, instead of signature to verify payments at terminals that are Chip and PIN compliant. Cardholders must enter their PIN as in ATM transactions to use the cards at PoS terminals.
The attractive features of the card include payment convenience, facilitating shopping at millions of retail outlets across the world. Customers enjoy cash withdrawal from ATMs within and outside Oman. With global acceptance, the card provides easy access to bank account across millions of ATMs and retail outlets all over the world.
Using the card, customers can shop on the Internet with confidence as the card is protected with the additional Verified by Visa (VbV) security. Customers also receive alerts on mobile phones for transactions made using the card. Cardholders can avail this service by registering their mobile number with the bank. The services available for cardholders include 24-hour Call Centre support, convenience of phone banking and Internet banking 24x7.
Time and again, Bank Muscat launches novel campaigns and promotions that continuously enhance value as well as create unique opportunities that enrich life for cardholders.
Bank Muscat cards, which spell convenience and security, is the preferred mode of payment in Oman. The wide range of Bank Muscat cards provide a secure option to pay for a host of day-to-day transactions at shopping malls, restaurants or holiday abroad. Embedded with the electronic chip, the cards ensure maximum protection and peace of mind.