Tuesday 21 September 2021

First debit and credit ‘super cards’ with digital signature begin to circulate in Costa Rica

For the Central Bank, it is an important step to massify the issuance of the digital signature, a technology that opens up enormous possibilities for entities and companies to migrate to online procedures

Paying the bills

Latest

Covid Entry Requirements to Panama

RICO's DIGEST - "I heard" is a term often...

107 people died from covid-19 in Costa Rica in the last three days

QCOSTARICA - In the last three days, 107 people...

Mu variant of coronavirus: what we know about this mutation present in Costa Rica

QCOSTARICA - All viruses change over time. SARS-CoV-2 has...

Constitutional Court confirms constitutionality of mandatory vaccination

QCOSTARICA - Costa Rica's Constitutional Court or Sala IV...

Costa Rica worsens its international image as a place to do business

QCOSTARICA - Our country, Costa Rica, worsens in how...

Bukele calls himself ‘The coolest dictator in the worldwide world ’ in his Twitter biography

Q24N - The president of El Salvador, Nayib Bukele,...

U.S. to relax travel restrictions for vaccinated foreign air travelers in November

(Reuters) - The United States will reopen in November...
Paying the bills

Share

QCOSTARICA – A new generation of debit or credit cards with which you can pay for purchases, use online banking and even sign a loan, among many other possibilities, is beginning to be a reality in Costa Rica.

The first exponent in the country is the Signum card by the Banco de Costa Rica (BCR), which has EMV technology that has a contactless chip and, digital certificate (digital signature).

- Advertisement -

In addition, this “super card” complies with the security measures required by the Central Bank and the MasterCard franchise for contactless means of payment.

Carlos Melegatti, director of the Central Bank’s Payment System Division, explained that in this way it is intended to begin to spread the use of digital signatures in the country.

The importance of the digital signature is that it allows electronically almost any of the services that currently require that they be done in person with a physical signature.

Available in April or May

Guillermo Gayle, Manager of Payment Methods of the BCR, explained that the bank has been carrying a pilot plan since the beginning of 2020, with 175 smart cards issued.

“Due to the covid-19 pandemic, we had to postpone the official launch of Signum last year; however, between April and May 2021, the product will be launched on the market, where customers can purchase the card,” said Gayle.

What would happen in case of theft or loss? Carlos Melegatti, director of the Payment System Division of the Central Bank, explained that just as any bank card reported stolen or lost, the imposter could not use the card.

- Advertisement -

In addition, there are other controls, for example, if the PIN is entered incorrectly five times, the card is automatically blocked; and the PIN is a number that can range from four to 13 digits.

So far, Melegatti said, they have had no reports of such incidents.

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Thursday’s Downpour flooded the new Legislative Assembly building

HQ - The first downpour of 2021 - in March! -...

Banks try to entice borrowers with online offers amid suspension of housing and car fairs

QCOSTARICA - Financial entities seek through the use of their virtual...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.