ALGIERS - The National Savings Fund CNEP-Bank began replacing old saving books with magnetic cards, secure electronic payments solutions meeting universal standards with regard to electronic payment universal, this public bank announced. CNEP-Bank issued 66,300 magnetic cards to its customers since late May. In a total of 66,300 cards issued, 53,000 were granted for new customers and 13,300 in replacement of old books, a source from CNEP-Bank told APS. Since last May, for any new opening of savings accounts for housing (green book) as well as for customers wishing to transfer their accounts from a Cnep agency to another, a new savings card is available to customers. It is a personalized card, practical, universal and meets international standards, with a double safety: a chip and a magnetic stripe with a PIN communicated to the cardholder only. The card, which bears the colours of the CNEP-Bank offers investors in more conventional operations, the ability to make deposits and withdrawals from ATMs of the CNEP-Bank but also other banks. It thus provides customers' comfort and independence, and a better quality of service especially as it allows avoiding waiting long times before counters," Cnep said. APS
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