In the early morning of November 10, the temperature in Beijing was slightly cold, and the atmosphere in the conference room on the third floor of Beijing Huarong Building has become hot. Participants including the Central Bank, the Ministry of Industry and Information Technology, China UnionPay, dozens of commercial banks and equipment manufacturers will pay attention to, care about, and have some doubts about China's financial IC card business. They will affect the future development of China's financial IC card.
State-owned big bank accounted for the first card issue
Li Dongrong, assistant to the Governor of the People's Bank of China, said at the meeting that up to now, the country has issued more than 18 million financial IC cards. Subsequently, Li Xiaofeng, inspector of the Science and Technology Department of the People's Bank of China and director of the Financial IC Card Promotion Leading Group Office, revealed that as of the end of the third quarter of 2011, the top three issuing banks with the largest number of financial IC cards issued nationwide were ICBC, Bank of China and Construction. bank. Among them, ICBC issued 15.86 million copies, accounting for 87.4% of the national total. The Bank issued a total of 1.23 million copies, accounting for 6.8% of the national total. CCB issued a total of 960,000, accounting for 5.3%.
Li Xiaofeng said, "According to the forecast of various commercial banks, it is estimated that by the end of 2011, the number of financial IC cards nationwide will reach 28.4 million, perhaps more than 30 million."
According to the data displayed by Li Xiaofeng at the conference, as of now, 25 commercial banks have submitted to the People's Bank of China the application for verification of the technical standards for the issuance of cards, and 14 commercial banks have obtained approval. "From the point of view of the application and approval of the commercial bank, the requirements for the overall advancement of the Bank have been met, followed by the city commercial banks such as Bank of Beijing and Shanghai Bank, and the joint-stock banks are behind."
He believes that the reason for the delay in the issuance of financial IC cards by joint-stock banks is that on the one hand, state-owned large commercial banks and city banks have better resource advantages, and on the other hand, the development model of the smashing of the magnetic stripe card period has now changed. "Stock-based banks should accelerate the transformation of development ideas, and constantly adapt to and meet the demand for the development of the bank card industry in the financial IC card era through market-oriented business models and innovative business models."
Some insiders pointed out that perhaps the hesitation of joint-stock banks is for a reason. The cost of a chip card is about 10 times that of a traditional magnetic stripe card. Coupled with the transformation of the acceptance environment and terminal equipment, the cost of the bank is relatively high. In this regard, Li Xiaopeng, deputy governor of the Industrial and Commercial Bank of China, put forward his suggestion on a personal stand. He hoped that the relevant government departments could reasonably balance the relationship between the cost and profit of commercial banks and customers in developing IC cards. "We will make a lot of investment in the early stage and there is no return at this time." He believes that there is no balance in this relationship, and the development of financial IC cards will encounter great resistance.
Accepting environmental transformation and opening up the situation
The Central Bank issued the "Opinions of the People's Bank of China on Promoting the Application of Financial IC Cards" issued in March, requiring that the direct POS (point of sale terminal) can accept financial IC cards before the end of June this year, and the national commercial banks will deploy them. Inter-connected POS and ATM are required to accept financial IC cards at the end of 2011 and the end of 2012. From 2013, all networked universal terminals that accept bank cards can accept financial IC cards.
Li Xiaofeng revealed that according to the inspection results of the 2011 Unicom General Project, the total number of POS terminals nationwide as of August 31 was approximately 3.567 million units, and the completion rate was 78.4%. Various commercial banks have deployed 259,000 ATM terminals and completed 109,000 contact-type renovations, with a completion rate of 42.2%. Moreover, the China UnionPay deployment terminal has been completely remodeled.
Xu Luode, president of China UnionPay, said that with the internationalization of UnionPay cards, a proposal should be made in the acceptance of financial IC cards. Especially in Europe, chip card acceptance has become the norm. It is very important to handle this work in the next step. jobs.
Bank of Communications Governor Niu Ximing said that since the second half of this year, all newly released acquiring equipment has supported financial IC cards, and all the stock equipment has been intensively reformed throughout the bank, and is deployed in places with fast micropayments. Non-contact card reader.
Li Xiaopeng also said that as of the end of September this year, ICBC's entire bank has 96% of ATM equipment to support the acceptance of financial IC cards, while ICBC's outlets are equipped with more than 80,000 dual-interface readers.
In addition, Li Xiaofeng also said that next year, the People's Bank of China will fully develop the remote and near-field standardization of mobile payment. He revealed that the remote standard for mobile payment has entered the process of the Financial Standardization Committee. The next step will be to unite commercial banks, China UnionPay, and Third-party non-financial payment institutions for licenses to explore near-field standards for mobile payments.
State-owned big bank accounted for the first card issue
Li Dongrong, assistant to the Governor of the People's Bank of China, said at the meeting that up to now, the country has issued more than 18 million financial IC cards. Subsequently, Li Xiaofeng, inspector of the Science and Technology Department of the People's Bank of China and director of the Financial IC Card Promotion Leading Group Office, revealed that as of the end of the third quarter of 2011, the top three issuing banks with the largest number of financial IC cards issued nationwide were ICBC, Bank of China and Construction. bank. Among them, ICBC issued 15.86 million copies, accounting for 87.4% of the national total. The Bank issued a total of 1.23 million copies, accounting for 6.8% of the national total. CCB issued a total of 960,000, accounting for 5.3%.
Li Xiaofeng said, "According to the forecast of various commercial banks, it is estimated that by the end of 2011, the number of financial IC cards nationwide will reach 28.4 million, perhaps more than 30 million."
According to the data displayed by Li Xiaofeng at the conference, as of now, 25 commercial banks have submitted to the People's Bank of China the application for verification of the technical standards for the issuance of cards, and 14 commercial banks have obtained approval. "From the point of view of the application and approval of the commercial bank, the requirements for the overall advancement of the Bank have been met, followed by the city commercial banks such as Bank of Beijing and Shanghai Bank, and the joint-stock banks are behind."
He believes that the reason for the delay in the issuance of financial IC cards by joint-stock banks is that on the one hand, state-owned large commercial banks and city banks have better resource advantages, and on the other hand, the development model of the smashing of the magnetic stripe card period has now changed. "Stock-based banks should accelerate the transformation of development ideas, and constantly adapt to and meet the demand for the development of the bank card industry in the financial IC card era through market-oriented business models and innovative business models."
Some insiders pointed out that perhaps the hesitation of joint-stock banks is for a reason. The cost of a chip card is about 10 times that of a traditional magnetic stripe card. Coupled with the transformation of the acceptance environment and terminal equipment, the cost of the bank is relatively high. In this regard, Li Xiaopeng, deputy governor of the Industrial and Commercial Bank of China, put forward his suggestion on a personal stand. He hoped that the relevant government departments could reasonably balance the relationship between the cost and profit of commercial banks and customers in developing IC cards. "We will make a lot of investment in the early stage and there is no return at this time." He believes that there is no balance in this relationship, and the development of financial IC cards will encounter great resistance.
Accepting environmental transformation and opening up the situation
The Central Bank issued the "Opinions of the People's Bank of China on Promoting the Application of Financial IC Cards" issued in March, requiring that the direct POS (point of sale terminal) can accept financial IC cards before the end of June this year, and the national commercial banks will deploy them. Inter-connected POS and ATM are required to accept financial IC cards at the end of 2011 and the end of 2012. From 2013, all networked universal terminals that accept bank cards can accept financial IC cards.
Li Xiaofeng revealed that according to the inspection results of the 2011 Unicom General Project, the total number of POS terminals nationwide as of August 31 was approximately 3.567 million units, and the completion rate was 78.4%. Various commercial banks have deployed 259,000 ATM terminals and completed 109,000 contact-type renovations, with a completion rate of 42.2%. Moreover, the China UnionPay deployment terminal has been completely remodeled.
Xu Luode, president of China UnionPay, said that with the internationalization of UnionPay cards, a proposal should be made in the acceptance of financial IC cards. Especially in Europe, chip card acceptance has become the norm. It is very important to handle this work in the next step. jobs.
Bank of Communications Governor Niu Ximing said that since the second half of this year, all newly released acquiring equipment has supported financial IC cards, and all the stock equipment has been intensively reformed throughout the bank, and is deployed in places with fast micropayments. Non-contact card reader.
Li Xiaopeng also said that as of the end of September this year, ICBC's entire bank has 96% of ATM equipment to support the acceptance of financial IC cards, while ICBC's outlets are equipped with more than 80,000 dual-interface readers.
In addition, Li Xiaofeng also said that next year, the People's Bank of China will fully develop the remote and near-field standardization of mobile payment. He revealed that the remote standard for mobile payment has entered the process of the Financial Standardization Committee. The next step will be to unite commercial banks, China UnionPay, and Third-party non-financial payment institutions for licenses to explore near-field standards for mobile payments.
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