back Back

Fibank offers customers to use Google Pay with their Visa cards

By Megha Bhattacharya

July 19, 2021

  • America
  • Fibank
Share

Fibank (First Investment Bank) now offers its customers the opportunity to digitize their Visa debit or credit cards using the Google Pay service. With this secure method of payment, they can make contactless payments at points of sale (POS) in physical stores, make in-app purchases using Android apps, or card payments at online merchants. The service is available for Android devices and desktop computers and can be used in many browsers. Adding a card to Google Pay only takes a few minutes.

Mobile devices must be running Android version Lollipop 5.0 or higher and have Google Play Services; for making contactless payments in retail outlets they also need to be NFC-enabled. Paying is as simple as unlocking your NFC-enabled smartphone and holding it up to POS contactless reader. The service is available wherever the Google Pay symbol or contactless payment symbol is displayed.

Fibank’s Google Pay service is using Visa’s tokenisation technology. This technology replaces sensitive payment account information found on payment cards, such as the 16-digit account number, expiration date and security code, with a unique digital identifier “token” that can be used to process payments without exposing actual account details.

Recently, Fibank offered contactless payments using the Fitbit Pay service and has also upgraded the offer by also providing customers with the convenience to use their Mastercard cards issued by Fibank. The bank, Fitbit and Visa also teamed up to allow customers to make payments at points of sale (POS) locations that support contactless payment technology without the need to take their card out. Fitbit Pay will allow customers to add their Fibank issued Visa cards to their compatible Fitbit wearable devices.

Previous Article

July 19, 2021

Mastercard launched PayPort+, the real-time payment gateway by Vocalink

Read More
Next Article

July 19, 2021

Standard Chartered appoints new CEO for Islamic banking arm

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

America

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Visa & Temenos to offer money transfer solutions to European banks

Read More

Today

Pelago taps Primer to deliver innovative travel payment solutions

Read More

Today

Newland NPT & Neoleap partner to foster digital payment solutions

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024