In the next week, when you use the bank card in your hand, you may have to make important changes! According to the requirements of the central bank, from May 1st, the bank will completely shut down the magnetic stripe trading of the chip magnetic strip composite card. How big is this impact on the public?
Composite card closes magnetic stripe trading from May 1
Mainly to improve the security of bank cards
The magnetic stripe card is a card that uses the magnetic carrier to record English and digital information to identify the identity; the chip card is a financial IC card, which is a bank card with a chip as a medium, and has a chip on the front of the card to support the flash payment function; the composite card It refers to a financial IC card with a magnetic stripe, which is called a financial IC composite card.
According to the "Notice on Further Strengthening the Risk Management of Bank Cards" issued by the Central Bank in 2016, in order to prevent the risk of bank card fraudulent fraud transactions, the magnetic stripe transaction of the chip magnetic stripe composite card will be completely closed from May 1, 2017.
Why do you want to close the magnetic stripe transaction of the composite card? According to industry insiders, in recent years, in order to improve the security of financial payment transactions, the global payment market has accelerated the progress of pushing magnetic stripe cards to IC card chip cards. In comparison, the chip card has an intelligent CPU that can perform more tasks such as transportation, shopping, and payment.
In addition, the chip card has many technical advantages such as non-replication, large storage information, intelligent dynamic verification, etc., and there has not been a case in which the IC card chip card has been broken in the world. The actual security of the magnetic stripe chip composite card is equivalent to the magnetic stripe card, and does not play a role in preventing the effect of copying. Therefore, only the magnetic stripe trading function of the composite card is turned off, so that it is the real chip card.
Most bank cards are common cards
Many merchants are still used to "brushing magnetic strips"
The reporter learned that at present, there are mainly three types of bank cards in the hands of the public. One is a traditional magnetic stripe bank card, the other is a pure chip card, and the third is a composite card with both magnetic strips and chips. The new regulations are related to the third composite card. As a product of the transition period, this kind of card is currently used by the public. The bank cards currently issued by Yangzhou Bank are mostly such cards.
The reporter recently visited and found that many merchants in Yangzhou are still accustomed to using the "swipe card" method, that is, using magnetic stripe channels to checkout. In the reporter's visit, many merchants are still used to picking up the bank card, brushing it on the card slot, and then completing the payment, instead of inserting the card into the chip slot, and using the method of reading the chip to settle. "No way, how many years have got used to it, it is difficult to change for a while!" Many merchants said this.
After May 1st, this habit has to be changed, because if the customer uses a composite card with a magnetic stripe and a chip, it will no longer be able to complete the payment by brushing the magnetic strip, but only " The card "reads the chip to complete the payment. In other words, in this case, the POS machine will only recognize the chip and will not recognize the magnetic strip.
Some questions
Can a pure magnetic stripe card be used?
With the implementation of the New Deal, many people on the Internet interpreted this as "the magnetic stripe card can not be used after May." In this regard, bankers said that this is actually a misunderstanding!
Bankers said that the new policy only turned off the magnetic stripe function of the composite card with the magnetic stripe chip integrated, which is equivalent to turning the composite card into a pure chip card. However, for pure magnetic strip cards that are still present in the market, they can still be used normally. There is still no timetable for when the magnetic stripe card is "stopped". In other words, if your bank card does not have a chip function, you can continue to use the magnetic stripe.
Is it necessary to change the bank card?
Many citizens may still have doubts. After the implementation of the New Deal, is it necessary for our bank cards to be replaced by banks?
In this regard, bankers said that if you have a pure chip card in your hand, or a composite card with a magnetic stripe chip, you don't need to replace it. Because the composite card turns off the magnetic stripe function, it is equivalent to a pure chip card. Guaranteed. However, if you have a pure magnetic strip card in your hand, then it is recommended to go to the bank as soon as possible to replace the chip card, because from the security point of view, the security of the chip card is much higher than the magnetic stripe card, the magnetic stripe card often exists The risk of being copied. It is understood that the city has already opened the work of magnetic stripe card "replacement". The city has issued nearly 10 million chip cards. At present, many banks can also provide free "replacement" services.
After changing the chip card
Will the card number change?
For the exchange of cards, many citizens may worry that after changing the bank card, will the card number change? If it changes, the wages tied to it will be deducted, and the business of deducting utilities, mortgages, and bank transfer will be affected. influences? This is also an important reason why many citizens have not changed their chip cards.
The reporter learned that, in fact, some banks can now provide insurance card replacement services. For example, the bank card at the beginning of ICBC 62 can be exchanged without changing the number, but the bank card at the beginning of 9588 can only be exchanged for the card number; the bank card at the beginning of the construction bank 62 can be exchanged without changing the number, and the bank card at the beginning of other numbers cannot. The card at the beginning of the Agricultural Bank 6228 can retain the original card number, but it takes 15 working days to get the card. The Agricultural Bank card at the beginning of 9599 is not. The Bank of Communications stipulates that the magnetic card of the 19-digit card can apply for no change. . However, if it is a magnetic stripe card with a 17-digit card number, the original card number cannot be retained.
Eyeshadow Stick,Eyeshadow Pencil,Eye Shadow Pen,Eyeshadow Palette
Guangzhou Bijiang Cosmetics Co., Ltd. , https://www.bijiangcosmetics.com