Mercantil to Enable Online Debit Card Payment

Monday, June 19, 2000

Venezuelan bank Banco Mercantil ( will soon enable online debit card payment, Banco Mercantil IT manager Rodolfo Gasparri said.

?99% of online transactions are carried out with credit cards, which significantly limits the market. That is why we want to enable debit card payment, allowing people to access products and services offered online and charge the purchase to their current or savings account?, Gasparri said, adding that the bank expects to implement the service by 2H00.

According to Gasparri, between 500 and 1,000 Mercantil users make online transactions every month, mainly transfers and bill payments. Mercantil was the first Venezuelan bank to implement SSL and SET security protocols.

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