Online and POS Purchases are now safer


Beirut, November 7, 2016: Constantly aiming to modernize banking services and increase the level of security when using credit cards, LGB BANK s.a.l. launched new services to curb piracy operations when using cards for online and POS purchases.

First, with the Pin On Chip service for POS purchases, Cardholders will be asked to enter a PIN when purchasing at the point of sale. This service will automatically be available when issuing a new card or when renewing existing cards.

Second, the 3D Secure service for online purchase aims at entering an OTP - One Time Pin that is valid for one time only, for each online purchase. This OTP is sent via SMS to the cardholder.

Third, the Change of PIN Code service entitles the cardholder to change the PIN code, through the main menu in the ATM.

Vice Chairman CEO of LGB BANK s.a.l., Mr. Samer Itani said: "LGB BANK s.a.l. is keen to ensure maximum safety for its customers, therefore, we launched these new services so that purchases are made safely."            

Following its recent pioneering achievements among the Lebanese Banking Group “Alpha” on the audited financial results, the bank was ranked first in the asset growth rate of 12.44%, second in the deposit growth of 10.9%, third in the growth of private capital that increased by 17.10%, fourth in the growth of loans that increased by 8.43%, and won the fifth place in the net profit growth rate of 13.14%. In recognition of the efforts exerted by LGB BANK s.a.l. to establish a distinct position among the biggest Lebanese banks, the World Arab Bankers granted the bank the Banking Executive Award 2016 for the Best Bank Card in the Arab world. The bank also received the MEFTECH award for the best retail bank of the year 2016 and the prize of Best Financial Transformation by Banker Middle East. This proves that LGB BANK s.a.l. seeks to acquire various awards that showcase its success through its innovative and modern financial products offered in its 18 branches in Lebanon, a branch in Cyprus, and a representative office in Dubai, and through its highly secured and safe online banking services on mobile and web, in addition to a range of social media channels. Moreover, the bank’s customers benefit from unprecedented services such as advanced loyalty program and night banking services, in addition to quality products such as foreign currency cards in UAE Dirhams, Turkish Lira, Saudi Riyal and Sterling Pound, as well as elite cards such as Black Card, Porsche Club Card and Yacht Card. 

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