â– Newly placed POS and ATM terminals must be able to accept financial IC cards
â– Nearly 20,000 POS upgrades in Xiamen are expected to be completed by the end of the year
(Reporter Guo Shuchen) The reporter learned that according to the deployment of the central bank, from July 1 this year, the new POS and ATM terminals must have the financial IC card acceptance function, and the stock terminal should be accelerated. Yesterday, the reporter learned from China UnionPay Xiamen Branch that the POS transformation work in Xiamen has officially started and strives to be completed by the end of this year.
In 2008, the state issued the “Golden Card Project (2008-2013) Development Planâ€. The plan mentioned that it is necessary to promote the application of financial IC cards in banks within five years, improve the IC card acceptance environment, and ensure the common use of financial IC cards. We will strive to achieve financial IC cards for all terminals. In May of this year, the People's Bank of China issued the latest financial IC card specification, which is regarded as a major measure to promote IC cards.
A few days ago, a research report issued by CITIC Jiantou said that according to the central bank's timetable, from July 1 this year, the newly placed POS and ATM terminals should have the financial IC card acceptance function; the stock direct POS terminal should be this year. At the end of the year, the financial IC card acceptance and transformation will be completed; the stock POS terminal should complete the financial IC card acceptance transformation at the end of next year; ATM terminals and non-cash terminals should complete the financial IC card acceptance transformation before the end of 2012; in 2015, all bank cards will be comprehensive Issued UnionPay's financial IC card.
The reporter learned that at present, only ICBC issued a financial IC card in Xiamen, but it has not started large-scale card issuance. Other banks are carrying out preparatory work such as system upgrade.
Yesterday, the reporter learned from China UnionPay Xiamen Branch that Xiamen has more than 19,000 POS. At present, more than 80% of direct POS terminals can accept contact transactions of financial IC cards, and nearly 800 POS can accept financial IC cards. Contactless trading. “Xiamen POS transformation is expected to be completed by the end of the year. By then, all direct-linked POS terminals will be able to accept financial IC card contact transactions,†said the company's relevant person. The modified POS will also have the function of identifying the magnetic stripe card and the IC card.
It is reported that the central bank is currently studying and formulating plans for environmental IC card acceptance environment construction and card issuance, and relevant guidance and implementation plans will be introduced in the near future. “Xiamen will strive to be the first pilot city for financial IC cards and strive to fully issue and accept financial IC cards within five years,†said a person from the People’s Bank of Xiamen downtown branch.
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