GBTI launches new Visa chip cards

The Guyana Bank for Trade and Industry (GBTI) has announced that it is now offering its customers a more advanced and secure transaction tool in the form of the EMV (Europay, MasterCard and Visa) chip card, a global standard for credit cards that uses computer chips to both authenticate and secure chip-card transactions.

GBTI has moved forward with this initiative geared towards its Visa Gold and Visa Classic credit cards as well as the Visa Travel Classic pre-paid card.

The introduction of the micro-chip technology carries with it myriad benefits for its users, while reducing the likelihood of fraud, rendering credit card transactions more secure and enhancing the overall customer experience.

An embedded microchip enables secure data storage thereby preventing easy copying or altering. The unique Personal Identification Number (PIN) means that owner can utilize the card and do so securely.

The cards are accepted outside the jurisdiction including in Europe and in the UK.

The sole difference in the use of the chip card technology entails a “dip” of the card in the slot at the bottom of the terminal rather than the “swiping” of the card.

GBTI is requesting that its customers visit the Card Centre at the bank’s Regent Street branch or the most convenient alternative branch to request their replacement cards.

The bank says that it remains mindful of the security concerns of its customers and continues to pursue ways of responding to those concerns.


Wardens to be deployed against gold smugglers next year – Finance Minister

The efforts of the Ministry of Natural Resources attended by external support notwithstanding, the Government of Guyana still considers the phenomenon of gold smuggling to be seriously injurious to the country’s economy and in his recent 2018 budget presentation to the National Assembly, Finance Minister Winston Jordan set out the APNU+AFC administration’s proposals for helping to address this problem.

Company to oversee Guyana’s commercial petroleum interests to be created next year

aNatural Resources Minister Raphael Trotman has disclosed three key objectives which the Government of Guyana will be pursuing in 2018 to consolidate its capacity to effectively service a modern oil and gas industry including a national oil company which will be charged with responsibility for overseeing the country’s commercial interest in the sector.

Hinterland communities promised $200m Green Enterprise Development Centre

Against the backdrop of longstanding concerns over a dire shortage of job opportunities in hinterland communities, government has disclosed plans in the 2018 budgetary proposals for a $200 million investment in the Hinterland Green Enterprise Development Centre at Bina Hill in Region Nine which, according to Finance Minister Winston Jordan, seeks to focus on areas of training “that leverages indigenous and traditional knowledge and drives upstream demand for local products and services.” The disclosure in Jordan’s 2018 budget presentation of what he describes as a “flagship initiative” comes against the backdrop of a growing clamour for the creation of job opportunities for residents of hinterland communities that go beyond their reliance on the production and sale of traditional craft and small scale agriculture.

A hinterland community readies itself for township status

These days, there are unmistakable indications that Mahdia is busying itself preparing to embrace the township status that beckons.

Lucas sees 2018 as breakout year for UG’s School of Business

Five months after the University of Guyana’s School of Entrepreneurship and Business, (SEBI) was launched, Dean of the new institution, Guyanese-born Professor Leyland Lucas has told the Stabroek Business that some of the challenges that repose in ensuring that the institution delivers on its mandate repose in the fact that “it is different.

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