(14 May 2008 – Australia) NAB has launched Europay, MasterCard, VISA (EMV) chip technology of their MasterCard credit cards.Andrew Maitland, the regional general manager, Consumer Banking Solutions for the bank, said the introduction of chip technology was part of NAB’s ongoing commitment to provide customers with the highest level of banking security.
The introduction of chip technology means card data is more secure and far more difficult to copy, which Maitland said will increase confidence for customers when purchasing domestically and internationally.
In addition NAB indicated that it has made a commitment to customers to protect them with leading and innovative security measures to fight on-line fraud through the NAB Defence security promise.
Leigh Clapham, executive vice president, Australasia, MasterCard Worldwide said that the introduction of EMV chip technology on NAB MasterCard cards provides heightened security for cardholders.
He added that it was one of the ways MasterCard is working to keep Australian fraud levels amongst the lowest in the world.
All new and existing NAB Gold and Gold Rewards MasterCard cards will be embedded with a microchip. NAB plans to micro chip its other MasterCard cards in the near future.