Contactless payment cards launched by HSBC Malta

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Contactless payment cards launched by HSBC MaltaHSBC Malta is introducing contactless cards technology, “becoming the first major bank in Malta to roll out cards offering this functionality,” it said.

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

Contactless technology allows customers a faster, more convenient way to pay for just about anything, up to a pre-set limit.

The Bank said that instead of using cash, Premier 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.

HSBC Malta said that these cards are extremely secure with a number of controls in place and the latest security technology from Mastercard, so customers can feel confident when they pay.

Contactless payments have transaction limits and in the case of HSBC Malta, the limit is €25 per transaction. 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,” the Bank said.

Terms and conditions, and up-to-date information can be found on the website or by contacting the bank on 2148 9100.

Photo: (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

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