Orange Bank Supplies Customers with a Digital Debit Card
Laura McQuarrie — July 9, 2020 — Lifestyle
References: orangebank.es & nfcw
Orange Bank in Spain is now issuing mobile-first debit cards to customers that can be used in-store and online to offer a simple and convenient payment experience. Upon request, customers may also request a printed companion card that comes without printed numbers, CVC codes or an expiry date. This was intentionally done to prevent common concerns in the case that the physical card is lost or stolen.
The card boasts the ability to be easily added to Apple Pay, Samsung Pay or Google Pay so that transactions can seamlessly and securely be carried out. The digital debit card offers users a great deal of flexibility, as they are able to use the Orange Bank app and freeze/unfreeze their card, set spending limits or even cancel it if they so desire.
Image Credit: Orange Bank
The card boasts the ability to be easily added to Apple Pay, Samsung Pay or Google Pay so that transactions can seamlessly and securely be carried out. The digital debit card offers users a great deal of flexibility, as they are able to use the Orange Bank app and freeze/unfreeze their card, set spending limits or even cancel it if they so desire.
Image Credit: Orange Bank
Trend Themes
1. Mobile-first Debit Cards - The rise of mobile-first debit cards presents a disruptive opportunity for banks to offer a seamless and secure payment experience to customers.
2. Digital Companion Cards - Offering digital companion cards that accompany physical cards, printed without critical payment details, presents a disruptive opportunity to prevent concerns around lost or stolen cards.
3. Virtual Card Management - The trend of virtual card management, providing customers with the ability to freeze/unfreeze, set spending limits and cancel cards through a mobile app presents a disruptive opportunity for banks to provide customers with greater flexibility.
Industry Implications
1. Banking - The rise of mobile-first debit cards presents a disruptive opportunity for banks to offer a seamless and secure payment experience to customers.
2. Technology - Digital companion cards, seamless mobile payments and virtual card management present disruptive opportunities for technology companies to partner with banks to offer innovative payment solutions.
3. Retail - The seamless and secure mobile payments facilitated by mobile-first debit cards present a disruptive opportunity for retailers to offer a more convenient and frictionless checkout experience to customers.
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