FNB has started distributing credit cards with near-field communication (NFC) technology built in, to its clients.
This allows the cardholder to make contactless payments, but is dependent on whether the retailer’s point-of-sale system supports NFC functionality. If NFC is not supported, the credit card works via conventional chip-and-pin.
The move by FNB follows Standard Bank’s roll out similar dual-function cards in 2012, which incorporated both NFC and debit card functionality.
FNB Credit Card CEO Chris Labuschagne said its customers will find that as their expired credit cards are replaced, the new credit card will have the contactless payment features.
“The project has been ongoing and we already have a large number of these cards in circulation. The new cards are supplied with additional consumer information.” he said.