Wednesday 12 December 2012

Big two UAE banks not ready for 'chip and pin' debit cards - The National

The UAE's two biggest banks have warned that they are not yet ready for a December 31 deadline to introduce chip and pin debit cards.

National Bank of Abu Dhabi customers who expected to receive cards with the new security features by the new year are likely to be disappointed after the lender confirmed it was still not ready for them.

It wants the Central Bank to postpone an impending deadline to implement the technology on debit cards to next year.

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