State
Bank of India (SBI), India’s largest bank, has introduced contactless card
payments technology that allows payments by waving or tapping of the cards near
the machines.
The bank,
and its credit card subsidiary – SBI Card – have launched the sbiINTOUCH
Contactless Debit Card and SBI Signature Contactless Credit Card for quick,
secure and hassle-free payments at merchant outlets. Contactless cards use the
near-field communication (NFC) technology, enabling users to make payments by
waving or tapping the card near the contactless reader instead of swiping or
dipping it.
In a move that could boost the acceptance of SBI’s tap and
pay cards at select point-of-sale (POS) machines., the RBI, in a notification,
has said that banks can now enable transactions in contactless cards for values
up to R2,000 without the requiring a separate PIN authentication. For amounts
higher than that, the customer must be given the option of contact payment and
would require pin authentication.
Contactless
cards are designed to replace the use of cash in busy retail environments such
as supermarkets, convenience stores, petrol stations and quick-service
restaurants.
Security:
During a contactless transaction the card never leaves your
hand; significantly reducing the risk of card loss and fraud due to counterfeit
(skimming). Even if the card is waved multiple times at the reader, the unique
security key feature of Visa payWave will ensure that only one transaction goes
through, thus making it more secure.
Helpline numbers: 39 02 02 02 (From
all other lines)/ 1860 180 1290 (BSNL / MTNL Lines).
sbiINTOUCH Tap & Go Debit Card is a chip based
contactless Debit Card. This Card has a contactless feature that enables you to
make fast, convenient and secure everyday purchases by simply tapping your
Debit Card at merchant locations where contactless payment is accepted. It can
also be used at millions of Merchant locations where standard Card payments are
accepted. You will also earn Freedom Rewardz points on your purchases.
With your sbiINTOUCH Tap & Go Debit Card you get access
to your account whenever and wherever you want. You can use it to purchase
goods at merchant establishments, for travel, for making payments online/
e-commerce websites and withdraw cash in India as well as across the globe.
Use of sbiINTOUCH Tap & Go Debit Card:
- Faster day to day payments at merchant locations accepting Contactless Payments.
- Shopping at 10 lakh merchant outlets in India and over 30 million worldwide accepting Card Payments.
- For booking movie tickets, utility bill payments, travel, other online purchases and payments over the internet.
- For withdrawing cash from State Bank Group ATMs or other ATMs in India and worldwide (ATMs with MasterCard/Maestro/Visa/Rupay logo).
- Safe online shopping and e-commerce transactions.
For more information, contact:
SBI 24x7 helpline through Toll free No. 1800 11 2211 (BSNL/MTNL), 1800 425 3800 or Toll no. 080-26599990.
Mail at contactcentre@sbi.co.in
