| Banking Made Easy >> Payment Cards |
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ICICI Bank Payment Card is a novel solution that helps business to manage and track their expenses efficiently. Payment Card is a close user group (CUG) card.
The Payment Card is aimed at eliminating / reducing cash transactions and providing a secure cashless solution for payments at identified locations. A Payment Card facilitates an electronic debit on a real time basis from the account of a cardholder for payment towards goods,services purchased,used at a designated / identified location(s).
These cards would be issued to the current account holders of the Bank. Multiple cards can be issued to single account and each card may be allocated a different transaction limit.
A Payment Card can only be used at designated / identified merchant locations to which they are mapped and cannot be used at ATM or outside the predefined user group, thus eliminating the possible risks of misuse at channels other than the ones identified by the user in advance.
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