There is good news for those who are looking for a debit card to do online transactions or to verify their PayPal accounts. From a communique that I have recently been privy to (made available to me by a little bird who works in Maybank Credit Card Centre), I was made to understand that Maybank is going to activate their internet transaction acceptance feature for their VISA debit card on the 14th of March 2009. However, this activation is only for internal purposes and the public will only be able to enjoy this feature a week later.
Currently, the Maybank VISA debit card is only able to make purchases offline and does not work with any internet transaction. The reason why Maybank delayed this feature for so long is because of card fraud and they needed to ensure that the security checks are in place.
This latest development is certainly something to look forward to, as Maybank is already a big player online with their Maybank2U internet banking, which also offers among others online Mortgage Loans. I am very sure that this card will be able to be used for verifying any PayPal account and withdrawal from it. This is something that I had really longed for a very long time. Kudos to Maybank for this move and I am sure they will be a major player in the debit card industry very soon.
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