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SBC Bank said it had received certification from Visa International for EMV chip card issuance and acquiring. It is the first Visa member bank in Southeast Asia to achieve both full EMV chip card issuance and acquiring status on their host systems. With this approval, SBC Bank is now capable of issuing EMV Visa smart cards as well as deploying EMV smart card terminals in Cambodia.
SBC Bank said it had received certification from Visa International for EMV chip card issuance and acquiring. It is the first Visa member bank in Southeast Asia to achieve both full EMV chip card issuance and acquiring status on their host systems. With this approval, SBC Bank is now capable of issuing EMV Visa smart cards as well as deploying EMV smart card terminals in Cambodia.

Executive VP, Diaz Kun explained that smart cards are preferred to magnetic stripe cards because they are harder to counterfeit and have more functionalities such as sophisticated encryption, identity authentication and non-repudiation. They also provide much greater resistance to skimming, in which criminals duplicate information against the magnetic strip of a credit card to reduce fraudulent activities, banks worldwide are now moving towards the replacement of conventional magnetic stripe credit cards with the EMV chip credit card.

Andy Kun, President & CEO of SBC Bank, said, "SBC Bank is committed to providing innovative new services to our customers. The launch of the 'SBC Visa Smart Card' is an excellent example to demonstrate our dedication to business diversification in meeting customers' needs (edit by elliott rutledge). We are confident that our eye-catching new card faces and unrivalled security features will win over this important market segment."
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