Frequently Asked Questions
What is an e-payment card?
Types of e-payment cards
b) Dual or multi-function card: This card type combines more than one type of function e.g. a card that has payment capabilities as well as capability to support other non-payment activities e.g. access control, storage of pension or health insurance data.
b) Chip card: A Chip card is a plastic card whose cardholder data is stored in a miniature integrated circuit material embedded on the front face of the card. It has various tamper-resistant properties which makes it more secure than the Magstripe card. It is popularly referred to as “smart card”.
Chip cards can store encrypted confidential information such as account data which is extremely difficult to copy. Alongside its function of being used as a credit or debit card, it can also be used as an Access Control, Health, and/or a Social Insurance card, amongst other functionalities.
Can the same bank account have more than one e-payment card associated with it?
Can store cards be considered to be e-payment cards?
Who is a merchant?
What does it take for a merchant to accept Payment Cards?
Simple! The prospective merchant simply signs up with Unified Payment Services Limited, so that UP can deploy Point of Sale device to his/her outlet.