Payment card chip is a microprocessor carrying information and contains special apps for security and processing. Due to current microprocessor technologies and security algorithms PROSTIR chip card is one of the safest settlement means.
Magnetic stripe on payment card is an information carrier with a limited memory capacity that is read by payment devices (for example, by ATMs, self-service terminals and kiosks) at direct contact with the card.
PROSTIR chip cards support contactless NFC (Near Field Communication) technologies that transfer payment data to the device. NFC technology has a logo of four consecutive brackets.
For contactless payments you keep the card in your hands. You need to get your card close to the payment device.
If the device does not support NFC, payment can be delivered through a chip or a magnetic stripe.
Contactless settlements are simple, fast, and secure.
PROSTIR cards can be used for safe online settlements, since all cards support the LOOKUP CODE payment confirmation technology.
The payment will only be delivered if you approve it with a one-time confirmation code sent to you in a convenient way (SMS, messengers) to your financial phone number during payment.
Input of the code confirms that you are the holder of the payment card.
The next development step for securing online payments is the e-commerce security technology, PROSTIR e-Secure, based on the EMV 3-D Secure v2.2.0 technology.
PROSTIR e-Secure stands for security technology against fraud during online payments. When a payment is transacted online or in mobile apps, an additional security step may be required for confirming the holder of the card used for the payment.
Sometimes, this may be a one-time password provided to you in the bank message, other times – confirmation on the mobile app of the bank that issued the card etc. This stage of additional check ensures that the transaction is executed by the card holder.
Marchants’ websites supporting PROSTIR e-Secure always have the technology logo.