HONOLULU — Bank of Hawai‘i announced a touchless way for its debit-card customers to pay for in-person purchases at retailers with its new, contactless debit cards.
Bank of Hawai‘i is the only local bank to roll out a full mass reissue of contactless cards. The bank will replace debit cards for all of its customers with the new, contactless version over the next several weeks, regardless of expiration date. Customers will retain their same card numbers, but replacement cards will have a new expiration date and CVV (the three-digit “card verification value” on the back of the card). PINs will not change. The rollout is expected to be complete by April.
Consumers can simplify their checkout experience in two easy steps. To make a purchase, customers should look for the contactless symbol graphic on the merchant terminal. Then, tap or wave the card at or near the symbol. Most local businesses already have contactless-enabled terminals in place, including CVS/Longs Drugs, Costco and Target. This no-touch payment option takes seconds to complete. It is not only much faster than swiping or inserting a card into the terminal, but also much safer and just as secure.
Contactless card payments provide the same encryption as EMV chip payments. A one-time security code unique to each transaction is generated, which the merchant terminal sends to the bank, and the bank confirms the payment.