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SEB Bank in Lithuania first to accept secure V PAY cards
Danuta Pavilenene, BC, Vilnius, 12.05.2008.
Print version
Print versionSEB bank is the first bank in Lithuania to accept new debit cards based on Visa Europe’s V PAY technology, as the bank announced. The new cards take full advantage of the latest chip and PIN technology, are cost-effective for banks to implement, efficient for merchants to accept, and secure for cardholders to use.
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Holders of V PAY cards can now use them for paying at numerous locations which have terminals installed by SEB Bank that bear a special label, and also for cash withdrawal at SEB Bank ATMs.
V PAY debit cards are SEPA (Single Euro Payments Area) compliant. SEPA, among other things, is project aimed at the unification of settlement terms within the EU Member States.
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