Zambia National Building Society Issues Europay, Mastercard, And Visa (Emv) Compliant Zamlink ATM Cards

11th January, 2018, Lusaka

The Zambia National Building Society has started issuing Europay, MasterCard and Visa (EMV) compliant ATM cards to be operated on the local switch called ZAMLINK. The Society becomes one of the Financial Institutions to issue the latest card technology in Zambia with a chip-n-pin feature that enhances security.

The latest Orange Card replaces the Magnetic Strip Orange Card that was rolled out in 2013.

ZNBS Managing Director Mr. Joseph Chikolwa says this is in response to the Bank of Zambia (BOZ) directive that all ATM Cards in issue by Banks and other Financial Institutions such as the Society should be EMV Compliant.

“I am happy to report that ZNBS is now one of the Financial Institutions in the country to issue EMV Compliant ATM cards. 2,220 chip-n-pin cards out of the 25,000 cards we plan to issue by 31st March, 2019 have been printed and are ready for distribution to our customers after being successfully tested,” says Mr. Chikolwa.

About 25,000 ZNBS EMV compliant ATM cards are expected to be distributed to ZNBS customers with qualifying accounts such as Salary Accounts, Student Accounts and Personal Savings accounts by the end of the 2018/2019 financial year.  

The Managing Director also said that customers with old magnetic strip cards are advised to go to their branches and apply for replacement in order to upgrade to the latest card technology.

“We would like to encourage all our customers especially those with qualifying accounts to go to the nearest branch and apply for the EMV card. Those of our customers with magnetic strip cards or the old cards are also advised to upgrade to the new card”, He said.

“This development is a fulfilment of our commitment to enhancing the services for the convenience of our esteemed customers as we actualise our mission of providing affordable and sustainable mortgage finance, financial services and other allied services for the benefit of the client, stakeholders and the Society” Mr. Chikolwa added. Cl

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