Steward Bank is now in the process of replacing all magnetic strip bank cards it previously issued to customers with chipped cards in a bid to combat card cloning. It is calling upon customers to come and get their magnetic cards replaced.
Protect yourself from card fraud by replacing your ZimSwitch (magnetic strip card) debit card with a more secure Chip and Pin card at any Steward Bank branch today!Steward’s SMS to customers
Chipped cards are effective against cloning
There has been an increase in instances of people losing their money to card cloners. It is very easy to clone a magnetic strip card. Chip cards have added security features crafted to thwart the efforts of card cloners.
Zimbabweans have been forced to use electronic funds (RTGS) in recent years due to a cash crisis that has lasted for years with no end in site.