ATM cards using magnetic stripe technology will no longer be accepted for transactions from July 1st; customers wishing to make transactions must use chip cards.
Criminals often install counterfeit devices such as fake card readers, miniature cameras, or fake keypads on ATMs to copy card information, and then create counterfeit ATM cards.
Understanding how to use an ATM card is essential to avoid unfortunate mistakes, or even the risk of having your account information or password leaked.
Many people are confused by the information that they are required to convert their physical ATM cards to virtual cards before July 1, 2025, otherwise their accounts will be locked.
Even if customers lose their ATM card and citizen identification card, they can still withdraw cash by using a QR code, fingerprint, or authorizing someone else.
Techcombank Napas cards, also known as Techcombank domestic cards, are jointly issued by the Vietnam National Payment Corporation (NAPAS) and Techcombank.
Banks have announced they will stop using magnetic stripe ATM cards and switch entirely to chip cards, so how "outdated" are magnetic stripe cards compared to chip cards?