The State Bank of Vietnam (SBV) issued Document No. 8388/NHNN-TT on November 2, 2016 to acknowledge the registration of 02 types of non-physical prepaid cards for the Housing Development Commercial Joint Stock Bank (HDBank).
Accordingly, the SBV acknowledges that HDBank has registered to issue 02 types of non-physical cards with the BIN code provided by Master Card as specified in the HDBank’s Certification of card registration No.1231/2016/CV-HDBank dated October 31, 2016, including: (i) HDBank MasterCard unidentified non-physical prepaid card; (ii) HDBank MasterCard identified non-physical prepaid card.
Before issuing the two types of non-physical cards, HDBank is required to present documents describing the processes for opening/locking cards, transactions, risk management (including: identification, measure and risk management), the scope of card usage and card management.
The SBV requires HDBank to comply with Circular No.19/2016/TT-NHNN dated June 30, 2016 issued by SBV on bank card operations and the regulations on risk management in electronic banking operations, and the safety and security of the information technology system in banking operations and other relevant regulations.
Thoa Le