The central bank plans to launch a full-scale chip card for five years.
Even if you brush twice, you can easily copy the information of the credit card. The phenomenon that the magnetic stripe credit card is stolen is not uncommon. The security of the bank card is always worrying. However, by replacing the magnetic strip with a small chip, a secure lock can be added to the bank card to solve the problem of stolen brush.
Recently, an insider of China UnionPay Guangdong Company revealed to the reporter that at present all the pos machines in Guangzhou have been completely upgraded. In theory, all POS machines in Guangzhou can brush contact chip cards. In addition, before the Asian Games, all POS machines in Guangdong will be able to accept contact chip cards.
If the bank card upgrade work is regarded as the upgrade of the ATM system, the upgrade of the POS consumption system, and the upgrade of the card, then this time can be regarded as solving one third of the problem, and the problem of eradicating the card fraud is also the first step. . Due to the high cost of chip card manufacturing and acceptance environment modification and the lack of public awareness of chip cards, the overall popularity of chip cards is estimated to take three to five years.
1. POS machines in Guangzhou have been able to brush chip cards
An insider of China UnionPay Guangdong Company revealed to reporters that all POS machines in Guangzhou have all been upgraded. At this point, all POS machines in Guangzhou have been able to brush chip cards.
The relevant person in charge of China UnionPay Guangdong Company told reporters that “the current number of chip bank cards issued in Guangdong (except Shenzhen) has reached more than 500,000. Before the Asian Games, all POS machines in Guangdong will be able to accept PBOC2.0 financial contacts. Standard chip card."
According to the person in charge, at present, there are more than 15,000 non-contact acceptance terminals deployed in the province, and it is expected to reach 30,000 units within the year. The merchants that contact non-contact financial chip cards cover large supermarket chains, international brand fast food, and well-known department stores. In the areas of catering industry, tourism industry and government service payment, the Asian Games will cover 100% of the Asian Games venues and cover the surrounding areas.
As the only commercial bank in Guangdong Province that issues chip cards, ICBC took the lead in launching a chip card that complies with the PBOC 2.0 standard in 2009, and the circulation has exceeded 700,000. According to the relevant person in charge of ICBC, the bank will continue to increase the issuance of chip cards. It is expected that the number of chip cards issued by the bank will exceed 1 million in 2010.
2. The central bank plans to fully push the chip card for 5 years.
In recent years, the number of bank card issuance has risen rapidly. According to Yang Zaiping, the full-time vice president of the China Banking Association, credit card spending accounts for 30% of social consumption. At the same time as credit card consumption, security risks are becoming more and more worrying. Among them, the weak risk prevention capability of the magnetic stripe card is one of the most important considerations.
"The magnetic stripe card is obviously insufficient, the information storage is small, the magnetic stripe is easy to read and forge, and the confidentiality is poor. It is easy for criminals to steal the data on the magnetic stripe, which causes the bank card to be copied and stolen." A related person from the Industrial Bank's Credit Card Department pointed out.
Compared with the magnetic stripe card, the biggest advantage of the chip card is that the security is greatly improved. According to the person in charge of UnionPay, the security control of the transaction process can be realized through the complex authentication mechanism of the card and the terminal and the issuing bank and the reliable encryption algorithm. At the same time, the chip card adds read-write protection and data encryption protection, and adopts two-way authentication of personal password, card and reader in the protection of use, which is difficult to be copied and forged. "It has the characteristics of security, advanced and versatile, and is the trend of future development of bank cards." According to statistics, in Taiwan, after the exchange of cores in the banking sector, the fraud rate of fake cards has decreased by 87%.
In fact, the central bank began to explore the magnetic stripe card upgrade to a chip card as early as two years ago, and released the "China Financial Integrated Circuit (IC) Card Specification" in May this year. Insiders pointed out that the current central bank has initially drafted a specific timetable for the issuance of domestic financial chip cards, and will use five years to achieve full domestic issuance and acceptance of chip cards. Among them, state-owned commercial banks should be fully issued before the end of 2010, and joint-stock banks should be fully issued before the end of 2012. From January 1, 2015, all issued bank cards should be chip cards. In this regard, Guangdong UnionPay said that it will promote the issuance of chip cards by six banks during the year and accelerate the acceptance of environmental construction.
3. High cost still needs 3-5 years
China UnionPay website data shows that UnionPay standard chip cards have issued more than 6 million copies in Beijing, Shanghai, Guangzhou, Ningbo, Shenzhen and Changsha. But this is still too small compared to the total number of bank cards in the country of more than two billion.
"Although the central bank and China UnionPay are pushing, the banks themselves are not active from the perspective of cost." The vice president of a branch of Shenzhen Branch said frankly, "Banks should consider the input-output ratio. Although magnetic stripe cards are risky, Bank revenues can still cover losses. Whether bank cards can be upgraded smoothly and quickly depends on the promotion of the central bank."
According to the relevant person in charge of ICBC, the cost of upgrading a bank card into a chip card mainly includes the replacement of cards, bank-side equipment and merchant equipment. Among them, the bank mainly bears the cost of card replacement, bank equipment modification and some merchants accepting equipment transformation, while UnionPay is responsible for the transformation of some merchants' acceptance equipment. “In terms of cost, the card cost of the chip card is much higher than the magnetic stripe card and the general Chip cards, during the promotion period, the chip cards issued by ICBC are exempt from card replacement and card issuance fees," the official said. A credit card person at a joint-stock bank estimates that the cost of chip card manufacturing, the cost of terminal modification, and the cost of business training are all spread out. The cost per card is about 50 yuan. In addition, the cost of retrofitting ATM machines is about 8,000 yuan to 10,000 yuan per unit.
According to the central bank data, as of the end of the first quarter of this year, the country issued a total of 2.169 billion bank cards, 1.67 million bank card interbank payment systems, 2.587 million networked POS machines, and 221,600 ATMs. Some senior industry insiders have roughly calculated the account for the reporter. If you want to update the magnetic stripe card to the chip card all the time, the cost of the card is only about 105 billion yuan; the POS machine transformation fee is calculated according to 500 yuan/set. 100 million yuan; and the ATM transformation is calculated at 8,000 yuan / Taiwan, which costs nearly 1.8 billion yuan. Expensive renovation costs are the biggest obstacle to this transformation and upgrading.
At present, only ICBC and Bank of Communications have issued chip cards nationwide. ABC, BOC and CCB have achieved regional distribution; banks such as CITIC and China Merchants Bank are promoting the upgrading of the card system, while some banks have indicated that there is no upgrade plan.
"The upgrade of the magnetic stripe card to the chip card is a systematic project. It is a bit difficult to rely on the bank itself alone. It depends on the strength of the central bank." The head of the Credit Card Department of a joint-stock bank Guangzhou Branch pointed out.
In addition to cost pressure, "the public lacks understanding of financial chip cards and imposes certain restrictions on the promotion of chip cards." Insiders of UnionPay pointed out that "we will carry out financial chip card acceptance environment construction, integrate resources to carry out industry cooperation, plus Experience the activities and marketing of large chip cards and promote chip cards."
The relevant person in charge of ICBC also told reporters that the full popularity of chip cards is still expected to take 3-5 years. (Reporter Huang Qianwei, intern Wang Xia)
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