PayFlex - All in one 

This is a service that allows Cardholders to flexibly use funds from their credit or debit card to pay for goods and services when making transactions using “Transaction Card” registered with PayFlex

Cardholders can easily register for the PayFlex service on MyVIB and set up transactions from the funds of their credit or debit card before making payments for goods and services at point of sale

PayFlex provides Cardholders with a flexible, secure payment solution and accurately aligns with your financial planning goals for each transaction: 

• Flexibly set up and choose transaction funds based on amount thresholds, oversea, Ecom, Contactless, next transaction, dates and times, etc. 
• Use only “the transaction card” registered with PayFlex service to make transactions. 
• Totally proactive in setting changes, managing funds in payments for goods and services according to spending needs.

The PayFlex service is applicable to VIB's Visa-branded credit and debit cards

• Transaction Card is a card which has been enrolled as a participating card into PayFlex service. The Transaction Card is used to initiate the transaction at point of sale. 
• Funding Card is a Card that is eligible to fund transactions initiated by a Transaction Card when the cardholder has elected to fund the transaction using Funding Card for eligible transactions

At a given time, a cardholder can link 01 debit card with 01 credit card. If the cardholder has additional Visa debit cards, these cards can also be linked to the same credit card that has already been linked previously.

When a cardholder registers for the PayFlex feature, a physical credit card will not be issued for new card issuance, replacement, renewal, or change product requests.

Cardholders can register for the PayFlex feature when applying for a new credit card or debit card via online channels, or through the MyVIB and Max App applications under the Debit Card Details section.

Applicable to valid Visa credit cards and Visa debit cards.

The card must be in active status (the card is not blocked due to expiration, suspected fraudulent or counterfeit transactions, etc.).

The PayFlex feature registration will be automatically updated to the new card when the cardholder requests card replacement, renewal, or card product conversion.

After registering for the PayFlex service, the Cardholder needs to set up smart rules by choosing Funding card to assign funding source for transaction based on rules such as amount thresholds, transaction type, transaction time, etc... through MyVIB

The Cardholder can set up PayFlex transactions in the following forms and priority order: 

• Next transaction (*) 
• Overseas transaction (**) 
• Online transaction 
• Contactless transaction 
• Amount threshold 

(* ) The Cardholder can choose funding source to pay for the next transaction.
(**) Applies only to physical card transactions.

PayFlex transactions apply to ECOM/POS/Contactless transactions (Except for transactions through MyVIB (include QRCode), Ebank, cash withdrawal and transactions at merchants directly connected to VIB (Moca))

The PayFlex transaction will be defaulted to be posted/debited into the credit card registered for PayFlex services if the Cardholder does not set up smart rule or the transaction does not meet to any conditions of smart rule that have been set by the Cardholder before the transaction time