Societe Generale Serbia has launched mCard – a service that enables contactless payment by smart phone at all POS terminals in the country and abroad, where Mastercard contactless payment cards are accepted. A modern and innovative payment method is available to all customers of Societe Generale Bank, which have active Mastercard payment cards, and are part of an existing m-banking application.
Payment method is simple as the use of contactless payment cards: within the mCard section in the mobile application, the payment option is initiated, the PIN is entered for the mobile application, and then the phone is terminated at the POS terminal.
The mCard service uses the modern Mastercard Mastercard Digital Enablement Service platform with the most advanced payment technology – EMV chip, tokenization and encryption to ensure the security of user cards. Token is a series of numbers that the mobile device uses instead of the number of cards printed on a plastic card – this means that the card number is never displayed, not stored or not by anyone, which guarantees security for users.