Core Card – The Central Platform of Cashless Payments
The Core Card system manages the entire life cycle of bank cards, from issuance to processing and transaction security. The Core Card is the “heart” that operates millions of card transactions every day, playing an important role in ensuring the speed, safety and accuracy of card payment activities. According to a report by the State Bank, non-cash transactions in Vietnam have grown strongly in recent years, with more than 90% of banking transactions conducted via digital channels and the rate of adults owning bank accounts exceeding 87%. In that context, the effective operation of the Core Card system has become a vital factor for banks to meet the needs of modern customers and maintain competitiveness.
Eximbank deploys new Core Card: Accelerating digital transformation and international integration
Responding to the trend of comprehensive digital transformation, on May 23, 2025, Eximbank officially deployed the new Core Card system (New CMS) on the Way4 platform of OpenWay - the world's leading Core Card solution provider headquartered in Belgium. This system inherits existing functions and adds many outstanding improvements, including supporting a variety of cards such as debit, credit, prepaid, virtual and co-branded cards. The card issuance process is fully automated from the application stage to approval and card issuance, shortening processing time and minimizing manual errors.
Choosing Way4, the Core Card platform trusted by many major banks in Europe, the US and Southeast Asia, also helps Eximbank integrate more deeply with international standards, improve security and expand service capabilities in the future.
Outstanding utilities and practical benefits for customers
The new Core Card system allows customers to use self-service services such as locking/unlocking cards, re-issuing PINs, and managing spending via Eximbank EDigi and EBiz digital banking applications. The security system is upgraded with EMV, PCI DSS and 3D Secure standards, real-time notification of card transactions via OTT helps minimize fraud risks and maximize user benefits. In addition, loyalty programs, cashback and personalized incentives are designed to be automated, helping customers receive real value from the card.
In addition, Eximbank has developed new digital card products such as Virtual Card, flexible installment payment service on card balance and cash transactions, along with the ability to quickly issue cards online, contributing to diversifying choices and convenience for users.
Mr. Nguyen Huong Minh - Deputy General Director of Eximbank and Director of the Core Card System Replacement Project Board shared: “The implementation of the new Core Card system is not only a simple technology upgrade but also a strategic foundation to help Eximbank flexibly adapt to the continuous changes of the digital financial market. The Core Card system enables us to quickly deploy new, diverse, deeply personalized card products and services according to customer behavior and needs, while enhancing the level of security and safety in each transaction. This is a solid premise for Eximbank to not only improve operational efficiency but also take the lead in bringing modern, transparent and sustainable financial experiences to customers in the digital age.”
Mr. Huynh Bao Phuong - Director of Card Center said: "The successful operation of the new Core Card system is a strategic milestone in Eximbank's comprehensive digital transformation roadmap. The system helps automate the card issuance and management process, ensuring instant transaction feedback and real-time security, thereby enhancing user experience.
The integration of multi-channel card systems such as EDigi, EBiz and international e-wallets Apple Pay, Google Pay, Samsung Pay, Garmin Pay opens up opportunities for comprehensive service development, while helping Eximbank deeply integrate with global standards. We appreciate the support from OpenWay and card organizations such as Visa, Mastercard, JCB, UnionPay and Napas. We believe that the new system will help Eximbank make a strong breakthrough in digital transformation and accompany the Government in promoting cashless payments.”
In the context of the continued development of electronic payment trends and increasingly fierce competition among banks, systematic investment in the Core Card system is a vital factor for banks to not only keep up but also take the lead. With the modern Core Card system, Eximbank has created a clear competitive advantage, laying a solid foundation for the development of a diverse, safe and convenient digital financial ecosystem.
Eximbank is affirming its pioneering position in the banking technology revolution, opening up an era of smart payments, promptly meeting the increasing expectations of Vietnamese users.
Source: https://baodaknong.vn/eximbank-trien-khai-he-thong-core-the-moi-nang-tam-trai-nghiem-the-ket-noi-khong-gioi-han-254312.html
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