AIB to replace Laser with Visa debit card
Published 18/07/2011 | 12:24
AIB has announced that it is replacing Laser cards with new Visa debit cards from next year.
The bank says around 1.4m customers would be changed over during the second half of 2012.
The move will allow the lender to introduce "contactless payments" for small transactions, which will allow card holders to pay for purchases of €15 or under by holding their card over a special reader.
There are also additional security features in the new card that help prevent it from being used by fraudently. The card can only be used a certain number of times or for a certain value before a PIN is required.
Earlier this month, Bank of Ireland said it planned to issue contactless Visa debit cards later this year. Over 20m contactless debit cards are already being used in Europe.