Corporation Bank has launched a new facility called ‘Green PIN’. A press release by the bank said here on Friday that this is an online module for generation of Personal Identification Number (PIN) for credit card holders. The facility enables credit card users to generate PIN online.
PIN is compulsory for all point-of-sale (POS) terminal transactions at merchant establishment.
Hitherto, the cardholders who misplace or forget the PIN had to wait seven to 10 days from date of request to receive the PIN by post/courier leading to non-usage of cards. However, ‘Green PIN’ facility enables the cardholders to generate the PIN instantly. The customers who receive the credit card but not PIN can also generate fresh PIN for their credit card enabling them to use the cards immediately after receiving the same, it said.
The cardholders can generate the PIN online by accessing the Instant PIN Generation facility by logging on to www.liccards.com portal.
SK Roy, Chairman of LIC of India, launched the facility in the presence of Jai Kumar Garg, Managing Director and Chief Executive Officer of Corporation Bank. Tjhe bank has arrangements with LIC for issue of co-branded credit cards.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.