FCMB Introduces MasterCard Prefunded Picture Card

\First City Monument Bank Plc (FCMB) has introduced the first MasterCard Prefunded Picture Card into the Nigerian financial market.
The new FCMB MasterCard Prefunded Picture Card with enhanced security features like chip and PIN, passport photograph and global transaction alert service comes in two variants of Classic and Gold card categories designed to enable customers participate in global e-commerce.
Nabeel Malik, executive director,  FCMB said "Choosing the FCMB MasterCard Prefunded Picture card gives customers the power to control their card spends while carrying their fondest moments (which comes in the form of pictures on the card) with them wherever they go."
He explained that the combination of a chip, passport photograph and global transaction alert service offer the highest level of security in card transactions by EMV standard. The card also serves as a means of identification with the passport photograph.
Richard Esin, FCMB's head of Card Business, enumerated the benefits of the Picture Card to customers to include “ability to fund the card account with US dollars from customer's Naira account at prevailing official exchange rate, the convenience of carrying card instead of cash when traveling abroad and access to customer's funds 24/7 basis. It also provides greater control over card spends”.
 "It is globally accepted by over one-million Automated Teller Machines (ATMs), six-million Point of Sales (POS) terminals and 24million internet sites for online purchases in over 210 countries," a statement from the bank said.