HFC customers will now be able to access over 36.9 million point-of-sale (POS) terminals in over 210 countries and territories. The cards have seen HFC comply with new security standards developed by Europay, MasterCard, and Visa (EMV) including use of chip and PINs. The Mastercard debit card will be directly linked to both HFC’s current and savings accounts. In April 2013 banks decided to abandon magnetic cards, which were prone to fraudulent transactions in favour of EMV cards. The lenders switched over in three phases – ATMs, POS and cards.

Source: Daily Nation April 19, 2017 18:33 UTC