Overview  
A debit card is a secured physical or digital card that is used to perform electronic transactions for goods and services. It allows the cardholder to access their bank account to make purchases via POS or withdraw cash from ATMs. The terminal must have the logo of any of the card networks on it, to accept that card.

GCB works with three card networks to provide these cards to customers. These are: -

  • Gh-link (Authorized by the BoG and used in Ghana only)
  • - Visa
  • - Mastercard

The three categories of Visa and MasterCard debit cards on offer are: -

  • -Consumer Debit card (for individual consumers)
  • -Business Debit card (for medium and small enterprises, Sole proprietor

businesses)

  • -Corporate Debit card (for Corporate entities like government agencies,

private institutions etc.)

Qualifying Criteria /Target Market 
A GCB individual, MSE, Commercial or Corporate Customer

Here’s what you will get with Debit Cards

  • Security and convenience
  • The means for making purchases in stores, online, and can also be used to withdraw cash from ATMs
  • A convenient alternative to carrying cash, where the cards protection against fraud and unauthorized transactions
    • Contactless: Use a card without swiping or inserting it into a payment device. Just Tap
  • to Pay.

Things to know

  • Security Features: -

    • The debit card contains a microchip (EMV chip) that stores card data more securely. This makes the data much harder to counterfeit (clone) or skim.
    • The second security feature is the Personal Identification Number (PIN) generated by the customer which is much harder to counterfeit than a simple signature. 
    • 3D Secure/ Verified by Visa (VbV) is an additional layer of security that allows customers to authenticate online transactions via SMS or email.
    • CVV or CVC comprises a 3-digit number used to verify the card during (online) transactions.
    • There are different card categories for customers based on their identified needs
    • Rewards: Some debit cards offer rewards programs, such as cashback on purchases or points-based rewards, which can help users save money or earn valuable rewards
    • The customer can only spend to the limit of the funds in his or her account

  • The different GCB card types include:-

    • ReadyCash – local bank proprietary card, 
    • Mastercard Standard / Visa Classic
    • Visa Gold / MasterCard Gold
    • Visa Platinum / MasterCard Platinum
    • Visa Signature / Infinite

Benefits for the customer

  • Safer than carrying cash
  • Easy to track spending
  • Very secure – when cash is lost it may not be recovered but a lost card can be blocked and money remains safe
  • Speed and convenience - It enables instant global purchase while cash will take time to move between the buyer and the seller

READYCASH

Worldwide financial flexibility. Convenience and flexibility. Spending power, at home and abroad.

You want safer and more secure banking by carrying less cash, while still having the ability to pay for goods and items whenever you need them. With GCB debit cards, you have complete access to your money from any ATM, plus you can make payments at many stores and outlets locally and worldwide without the need for cash.

You can use your card for online payments.

As the largest issuer and most reliable provider of cards in Ghana today, you can be assured of complete security and financial peace of mind with a debit card from GCB.

 

Readycash The perfect debit card for you.

GCB Readycash Debit Card
GCB Readycash Debit Card

When you open a new account at GCB, you will receive a free Readycash card, giving you easy access to your money from any ATM in Ghana.

You can check your balance, make withdrawals, get a mini statement and even transfer funds between your accounts from any GCB ATM.

You can also use your GCB debit card to shop at many stores in Ghana, instead of carrying cash around.

When using the card to make purchases or cash withdrawal, the amount is instantly deducted from your bank account and recorded in your account statement.

You can also use your GCB debit cards for online payments.

The perfect shopping and travel companion, our debit cards help you keep track of your finances and manage your budgets.

If you travel outside Ghana, a GCB MasterCard or Visa card will give you access to your account from millions of ATMs and Point of Sales devices worldwide.

 

VISA AND MASTERCARDS

GCB MasterCard /Visa are electronic payment cards that allows cardholders to transact business through any MasterCard, Cirrus, Maestro and Visa branded terminals such as the ATM and the POS (Point of Sale) anywhere in the world.

 

Benefits

  • The Customer’s card is accepted in over 30 million locations worldwide
  • Customers can have access to their funds 24/7 from the ATMs/POS’
  • Used for payments on POS devices
  • Card information can be used to perform online purchases
  • The card can be used on all GCB ATMs and on other banks’
  • Transaction details appears on customer’s statement for easy reconciliation
  • Safer and more secured to use than cash

 

E-Zwich

It is a brand name for the common platform ( the National Switch) that links the payment systems of all Banks and other financial institutions in Ghana. This is facilitated by the use
of a smartcard called e-zwich card issued by the financial institutions.


Registration Process

  • All ten fingerprints are captured (three images per finger)
  • The images are scored and used to generate a fingerprint template stored on the host (server)
  • A copy of the template is stored on the cardholders smartcard to enable offline authentication

 

Benefits
• Access to increased transaction points.
• Ensures security of monies paid and received - biometric.
• Increased flexibility of transaction

 

Features

  • Capacity to automatically credit, debit and to process transactions online and offline
  • Personal safety for cardholders and service providers – biometric
  • Biometric verification of transactions.
  • Usage on ATM and POS terminals for cash withdrawal and payments
  • Low transaction cost arising from interoperability which facilitates large volumes of transactions