Malta – HSBC introduces contactless payment cards

By | October 12, 2017
(from left) HSBC Malta Head of Retail Banking and Wealth Management Daniel Robinson, Head of Customer Value Management Sergio Bellizzi, and CEO Andrew Beane making the first HSBC Malta contactless payment.

(from left) HSBC Malta Head of Retail Banking and Wealth Management Daniel Robinson, Head of Customer Value Management Sergio Bellizzi, and CEO Andrew Beane making the first HSBC Malta contactless payment.

HSBC Malta is introducing contactless cards, which allow customers a faster, more convenient way to pay, up to a pre-set limit of €25 per transaction.

HSBC Premier Credit cardholders will be the first to benefit from this innovation before the service is extended to other customers in 2018.

Instead of using cash, customers can pay by simply tapping their card on the secure point-of-sale terminal and the payment is processed instantly and automatically. This card will work both locally and abroad with contactless-ready POS showing the contactless symbol.

For example, Premier customers will be able to use their cards to directly access the London underground without needing to buy a ticket.

These cards are extremely secure with a number of controls in place and the latest security technology from Mastercard.

There is also the same protection against fraudulent transactions as the existing chip and PIN system. As an extra precaution, customers will be asked to enter their PIN from time to time to confirm their identity.

Source: Times of Malta

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