09-03-2005

Pakistani Bank First in South Asia to Use Chip Credit Card

via www.cbronline.com

Pakistani financial organization United Bank Limited has chosen XLS software from Welcome Real-time to power its newly launched credit card, the first Visa chip credit card in Pakistan and South Asia. The new UBL chip credit card will be a payment card embedded with a microchip. The embedded chip will store encrypted customer information and will combine multiple functions and applications for a more diverse payment service, while also improving card transaction safety.