By Mary Etienne
The management of First City Monument Bank (FCMB) Plc has said that the new range of its Naira Visa Cards would make transaction easy for customers. The new offering was introduced recently in Lagos.
According to the bank, the visa cards, which are available in debit, credit and prepaid variants, are Europay, MasterCard and Visa (EMV)-compliant and come with enhanced security features in line with global card industry standard chip technology.
Speaking on the uniqueness of the product, FCMB’s Divisional Head, Retail Banking, Mr. Shiba Ghosh, said, “We are excited to be introducing these internationally acceptable Visa Naira denominated cards which come in three variants and provide our customers the convenience to transact anywhere in the world”.
Cardholders stand to enjoy various benefits such as discounts on purchases at certain merchant locations, secure online functionality with Verified by Visa (VbV), which is a second level authentication service that reduces the risk of making online transactions. The cards can be used worldwide on Point of Sale terminals, over one million ATMs and 29 million merchant locations, thus fulfilling cardholders’ electronic payment, purchasing and withdrawal needs.
Shiba added that, “we are delighted to be partnering Visa, which is a globally acknowledged brand in electronic payment systems. At FCMB, we believe that it is the extras we do for our customers today that they remember tomorrow. We are always eager to give our customers our very best. We listen and respond to our customers in line with our priority to be simple and better for our customers.”
Country Manager for Visa in West Africa, Ade Ashaye, said, “Visa is delighted to partner FCMB on the introduction of the new Visa Naira denominated cards. Our commitment and unwavering focus remains to be the best way to pay for goods and services everywhere and for everyone. With this in mind Visa brings convenience, accessibility and security through a trusted payment system.”
Meanwhile, the bank had indicated that the cards could be sourced from the bank’s distribution network, which includes 271 full service branches and other customer service outlets.