The chip card is also known as EMV Card. EMV is the brand name of EMV Co. EMV stands for Europay MasterCard Visa.
This organization has set the standards for payment cards with chip. Due to the increasing fraud and misuse with the payments done by magnetic stripe cards, the smart EMV cards have been developed according to the EMV standard in order to prevent fraud and misuse.
This makes the chip card more secure against card fraud than cards that rely only on data encoded in a magnetic stripe on the back of the card.
Matrix Forex Card comes with complimentary emergency assistance services. These services are purely on referral and arrangement basis. However, customers would have to pay for any third party expenses involved in providing the services.
The provision of financial guarantees by International SOS is subject to International SOS first securing payment from the customer though the credit card or from their own funds. International SOS shall ensure that users who call in for the services are duly informed that they (the users) are liable for all third party expenses.
The card comes with zero lost card liability after its loss being reported. Immediately report the loss of the card by calling up the customer care center.
We would block the card from any further usage. On request, the Replacement Card can then be activates. In case the Replacement Card is also lost, a replacement card would be shipped to an address of the customer’s choice.
The travel card comes with advanced security features. To withdraw cash from a VISA ATM using the pre-paid card, customers need the confidential ATM-PIN which is available only to the customers.
The ATM-PIN is issued at the time of card purchase. Customers need to remember the 4 digit PIN number and destroy the document. Do not write in on the card. The card would be blocked after 4 unsuccessful PIN attempts. This ensures that anyone having access to the card cannot use the card.