PHILIPSBURG--Windward Islands Bank (WIB) Ltd., as part of its affiliation with its parent bank Maduro and Curiel’s Bank (MCB), announced on Thursday that it has upgraded its current Bankomatiko Smart Card to a Bankomatiko Contactless Smart Card.
The Bankomatiko Contactless Smart Card uses near field communication (NFC) chip technology to communicate with point-of-sale (POS) terminals worldwide that are enabled for Maestro contactless transactions.
When using the Bankomatiko Contactless Smart Card at POS devices that are enabled for Maestro contactless transactions, it is not necessary to insert or swipe the card. Now there is also the option to make a contactless payment just by holding the card near the contactless reader of the POS terminal, also known as “tapping” the card, and you will hear a beep or the screen of the POS terminal will light up to let you know that the transaction has been completed.
Contactless purchases equivalent to NAf. 45 or less, can be processed very quickly without a personal identification number (PIN), but for contactless purchases between NAf. 45 and NAf. 100, it is required to enter a PIN. For purchases more than NAf. 100, the card must always be inserted or swiped.
Regardless of the contactless feature on the card, there is always the option to insert or swipe the card and enter the PIN to complete the transaction like you have grown accustomed to doing.
Contactless payments are gaining popularity worldwide because they are easy, faster and secure. This technology is becoming more popular every day, especially at locations where it is important to have quicker checkouts at the counters.
The rollout of the Bankomatiko Contactless Smart Card will start in the second quarter of 2017. “You will recognise the Bankomatiko Contactless Smart Card by the contactless indicator on the top right-hand corner on the front of the card,” the bank said in a statement.
WIB expects to roll out contactless-enabled POS terminals to merchants in the Dutch Caribbean to accept contactless Maestro payments by mid-2017. The Bankomatiko Contactless Smart Card can be used for contactless transactions worldwide where Maestro is accepted and there is a contactless-enabled POS terminal.
For questions about the WIB Bankomatiko Contactless Smart Card, persons can call 546-2WIB (546-2942).