FCMB Group PLC

Tuesday, January 29, 2013: First City Monument Bank (FCMB) Plc on Tuesday in Lagos announced free issuance of its new range of Naira Visa Cards to customers. The FCMB Visa Cards, which are available in debit, credit and prepaid variants, are Europay, MasterCard and Visa (EMV) compliant and come with enhanced security features in line with global card industry standard chip technology.

Speaking at the introduction of the Cards, FCMB’s Divisional Head, Retail Banking, Mr. Shiba Ghosh said, “We are excited to be introducing these internationally acceptable VISA Naira denominated Cards which come in three variants and provide our customers the convenience to transact anywhere in the world”.

Cardholders stand to enjoy various benefits such as discounts on purchases at certain merchant locations, secure online functionality with Verified by Visa (VbV), which is a second level authentication service that reduces the risk of making online transactions. The Cards can be used worldwide on Point of Sale terminals, over one million ATMs and 29 million merchant locations, thus fulfilling cardholders’ electronic payment, purchasing and withdrawal needs.

Shiba added that, “we are delighted to be partnering with Visa, which is a globally acknowledged brand in electronic payment systems. At FCMB, we believe that it is the extras we do for our customers today that they remember tomorrow. We are always eager to give our customers our very best. We listen and respond to our customers in line with our priority to be simple and better for our customers.”

Ade Ashaye, Country Manager for Visa in West Africa said, “Visa is delighted to partner with FCMB on the introduction of the new Visa Naira denominated Cards. Our commitment and unwavering focus remains to be the best way to pay for goods and services everywhere and for everyone. With this in mind Visa brings convenience, accessibility and security through a trusted payment system.”

FCMB’s Visa Cards can be sourced from the bank’s distribution network which includes 271 full service branches and other customer service outlets.

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