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| ICICI Bank in association with mChek to issue electronic cards to customers |
| Announcement / Banking May 26, 2009, 19:26 IST |
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ICICI Bank, India’s second largest bank announced today an association with mChek, India’s leading mobile payment solutions provider, to facilite mChek services to all ICICI Bank Debit and Credit Card customers. These are electronic cards issued to the mChek application on the customer’s mobile phone.
Visa International, the leading international electronic payment network had earlier approved mChek as a platform to which the issuer can issue an electronic mChek Visa card to deliver the convenience of mobile transaction with added security.
The customer can use the mChek Visa Credit / Debit card to perform various transactions like bill payments (postpaid, other utilities), prepaid recharge, money transfers, pay insurance premiums, buy air tickets, movie tickets or perform any other merchant transactions using their ICICI bank debit card or credit card account. The card data is stored in a fully encrypted form on the phone which ensures full security and reduced risk of fraud for card based transactions.
Commenting on this initiative Mr.Sachin Khandelwal, Senior General Manager, ICICI Bank, said “Our association with mChek will offer our credit and debit card customers yet another secure and safe option of conducting hassle free transactions online”.
The Consumer can activate the service by sending an SMS MCHEK to 5676709 . ICICI Bank debit card customers can call customer care for more information.
Mr. Sanjay Swamy, CEO, mChek said, “We are pleased to launch with ICICI Bank, this association hugely expands the transaction environment for both ICICI Bank and mChek. ICICI Bank customers now have the convenience of doing transactions from their mobile phones anywhere, anytime and with banking grade security”
About ICICI Bank:
ICICI Bank Ltd (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country with consolidated total assets of about US$ 100 billion as of December 31, 2008. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 19 countries, including India.
About mChek
Bangalore-based mChek (www.mchek.com) provides patent-pending, mobile-based, security and payment services enabling users to transact through their mobiles for wide-ranging day-to-day requirements including payment of utility bills, insurance policies, movie & travel ticketing, prepaid recharge and post-paid bill payment. Consumers can sign up at www.mchek.com or by sending sms ‘AIRTEL’ to 543219 (toll-free) from their Airtel phones.
mChek’s Certifications
mChek’s Awards
Award for “Best Billing and Customer Care Solution” from the GSM Association at the 2008 Mobile World Congress held at Barcelona
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