Payment card is a Prepaid card which gives the flexibility of usage within UAE not limiting to withdrawing cash from ATMs and making purchases on POS machines. FAB offers Payment card to companies dealing with manual petty cash handling and recurring payments.
Features of a Payment Card:
- No activation required
- No bank account needed
- No monthly and no minimum balance charges
- Card acceptance at domestic ATM and international in-store purchases
- Cardholder can select his / her own “PIN” from FAB ATMs
- Free statements per cardholder
- Free 24/7 access to the Prepaid Online Portal
- Free access to the largest ATM or CDM network 24/7
- Free online balance enquiry for cardholder - https://ppc.magnati.com/ppc-inquiry
Security and Controls
Payment card offers the following Security and Control features that satisfy the current corporate requirements:
- Chip and PIN card - protected against skimming frauds
- OTP for secure online purchases
- Corporate payment solutions to cater requirements for setting up authorisation limits and controls
- Expense management solutions to support corporates in managing cash flow, reports and dash boarding
FAB offers an easy to use Online Module that makes card management quicker, simpler and smarter.
Our online banking channel for corporate clients, offers a range of services that makes it convenient, secure and easy to manage your cards portfolio.
Corporate clients will have access to real-time transaction activities online for your Prepaid Module to perform actions on card holders’ accounts, as well as upload Payment files in a secured environment from the convenience of your office.
Dedicated individual(s) from the corporation will be given access to the secured area of the website under agreed Terms & Conditions.
- New card requests - individual and bulk
- Card status change - individual and bulk
- Card modification
- Card replacement
- PIN reset
- Dispute form upload
- Load/Reload to cards