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October 12, 2006
AFFINBANK
First in Malaysia to Launch Debit MasterCard Unembossed Card
with Touch ‘n Go Auto Reload Facility
KUALA LUMPUR – Affin Bank
Berhad (AFFINBANK) today launched the industry's latest payment
option - the AFFINBANK Debit MasterCard Unembossed card.
“AFFINBANK is making history
by rolling out the first debit MasterCard Unembossed card and
also the first debit card with Touch ‘n Go auto reload
facility in the country. The Bank is pleased to be able to leverage
on the strong support from MasterCard Worldwide and introduce
this innovative product to the Malaysian consumers,” said
General (R) Tan Sri Dato’ Seri Mohd Zahidi Hj Zainuddin,
Affin Holdings Chairman in his speech.
The AFFINBANK Debit MasterCard
Unembossed card brings all the functionality of a MasterCard
debit card with one key difference - It is unembossed.
The MasterCard Unembossed card
has been specifically designed for use in electronic terminals.
Account information is imprinted so the card cannot be used
in a manual imprinter. The ELECTRONIC USE ONLY legend on the
card front reinforces that message so consumers understand that
merchants will be processing their transactions electronically.
“AFFINBANK is taking the
road less travelled by launching a debit MasterCard Unembossed
card program which will enhance the existing range of card programs
available. With the expansion of AFFINBANK's payment portfolio,
it is able to offer cardholders greater choice and better banking
options," he added.
The AFFINBANK Debit MasterCard
Unembossed card offers cardholders' acceptance at more than
24 million merchant locations around the globe. It also acts
as a Bankcard which cardholders can use to withdraw cash at
ATMs nationwide and gain cash access at more than 1 million
Maestro® and Cirrus®-branded ATM locations globally.
Linked to a savings or current
account, the AFFINBANK Debit MasterCard Unembossed card allows
cardholders to conduct transactions using their own funds rather
than making purchase on credit. After each card transaction,
the fund amount will be automatically deducted from the cardholders’
account and reflected in their bank statement with generally
no interest charged (unless an overdraft line of credit is activated).
This thereby gives cardholders the added benefit of always knowing
how much money they have in their account.
Malaysian consumers can now
enjoy better deposit access thus giving younger Malaysians,
a payment card with the same functionality of a credit card,
providing hassle free convenience.
With the rollout of the AFFINBANK
Debit MasterCard Unembossed card, AFFINBANK aims to be the number
one debit card issuer in the country.
The new AFFINBANK Debit MasterCard
Unembossed card will also offer a rebate of 0.5% for every Ringgit
charged, including extending to its cardholders special discounts
at AFFINBANK's participating merchants and free travel insurance
coverage.
To celebrate the launch, a 42”
plasma TV, a notebook computer and a camcorder will be given
away to three lucky winners with the grand prize winner driving
away with a brand new Honda City. The contest will run for a
period of three months from the date of the launch.
For more information on the
AFFINBANK Debit MasterCard Unembossed, please contact our Call
Centre at 03-5522 3000.
- Ends -
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