Visa
●Introduction
Visa is a credit card brand operated and managed by Visa International in San Francisco, California, USA. Visa card was issued in 1976. Its predecessor was Bank Americard issued by Bank of America. With approval from the central bank, Visa established a representative office in Beijing in 1993. Visa is a global payments technology company that connects consumers, businesses, and financial institutions in more than 200 countries and regions around the world through fast, secure and reliable digital currencies. It is also understood that Visa has more than 1.8 billion Visa credit cards, debit cards and prepaid cards in use around the world.
●Features
Visa does not issue cards to consumers, nor does it provide loans to consumers or set cardholders' card fees and interest rates. However, as long as the customer's card has the Visa logo, they can enjoy its services around the world. Especially for domestic customers, it is more convenient to hold a Visa card to make purchases abroad.
●Scope of products and services
Credit cards can provide value-added services such as personalized points returns, emergency replacement cards, travel assistance and car rental insurance, and global emergency service call centers.
Prepaid cards provide a wide range of prepaid card products; commercial payment solutions can provide a complete set of commercial payment solutions for small, large and medium-sized enterprises and government agencies. Its commercial payment platforms include: Visa Business credit card, Visa business debit card, etc.
●Innovation
Chip technology - Visa actively supports the adoption and promotion of EMV chip technology.
E-commerce - Consumers choose to use Visa credit, debit or prepaid products to conduct online transactions.
Visa global electronic transfer and personal payment service - when remitting money, you only need to provide the payee's name and 16-digit Visa card number. The remittance will arrive within two days without paying any additional telegraph fees and intermediary bank fees.
Mobile payment - digital wallet, mobile payment.
China UnionPay
●Introduction
China UnionPay is a joint-stock company approved by the People's Bank of China and co-sponsored by more than 80 domestic financial institutions. Financial services institution with registered capital of 1.65 billion yuan. The company was established on March 26, 2002 and is headquartered in Shanghai. It currently has nearly 300 member institutions at home and abroad. China UnionPay is my country's bank card federation. Banks use the UnionPay inter-bank transaction clearing system to enable bank cards to be used across banks, regions and borders.
It is understood that the three-color UnionPay brand logo has appeared on more than 2 billion bank cards. Up to now, the UnionPay card acceptance network has extended to 110 overseas countries and regions.
●Features
Currently, the UnionPay standard cards issued by China UnionPay member institutions are mainly cards prefixed with "62". It has a large number of users, and the deployment speed of ATM, POS and other machines across the country and even the world is astonishing. The penetration rate in the domestic market is nearly 99%. Features of the card include UnionPay standards that are universally accepted, saving money and benefits when using the card overseas, worry-free tax refunds for overseas consumption, 24-hour high-quality service, and constant discounts from merchants.
●Scope of products and services
The products are similar to other card organizations, including credit cards, debit cards, prepaid cards, etc. It can also provide electronic payment technology and professional services related to bank card inter-bank information exchange. Develop bank card inter-bank transaction business specifications and technical standards, coordinate and arbitrate inter-bank transaction business disputes between banks. It has a unified national bank card inter-bank transaction clearing system.
●Innovation
In fact, UnionPay cards are constantly innovating. The latest one is "UnionPay Online Payment", a bank card online transaction transfer and clearing platform created to meet the online payment needs of all parties. .
Covering a variety of payment methods such as certified payment, quick payment, stored-value card payment, and online banking payment, it can provide users with domestic and overseas online shopping, water and electricity bills, business travel reservations, transfer repayments, fund subscriptions, charitable donations, and corporate collection and payment, etc. Provide payment services.
MasterCard
●Introduction
MasterCard INTERNATIONAL is the world's second largest international credit card organization. In 1966, some banks in California established the Interbank Card Association, and in 1970 the name and logo of Master Charge were used to unify the names and designs of credit cards issued by member banks. In 1978, it was renamed again to the current MasterCard .
MasterCard International owns MasterCard, Maestro, Mondex, Cirrus and other brand trademarks. In 1987, Bank of China issued my country's first MasterCard. Mastercard recently announced that its net profit in the second quarter was US$608 million, a year-on-year increase of 33%, or US$4.76 per share. The number of Mastercard credit card accounts in the United States increased by 3 million, reaching 146 million.
●Features
MasterCard International itself does not issue cards directly, but is issued by financial institution members participating in MasterCard International. According to public information, it currently has more than 20,000 members and more than 21 million merchants and ATMs. MasterCard is mostly used in Europe, while Visa is mostly used in the United States and other regions.
●Scope of products and services
Credit cards. With Mastercard, you can pay for consumption safely and conveniently in more than 32 million various places around the world.
Business payment cards, MasterCard corporate cards and business cards are payment methods suitable for various legal entities and business people when traveling and entertaining.
The debit card can be used to deposit and withdraw funds at 900,000 MasterCard ATMs around the world.
Prepaid card with all the benefits of Mastercard without the monthly bills or credit checks.
●Innovation
Mastercard can provide cardholders with emergency assistance and also has ATM location. In 2010, it launched the world's first smart credit card with built-in dynamic password technology. With this new payment card that combines a dynamic password and a debit and credit card into one, cardholders can use their mobile phones to complete non-agreed transfers anytime, anywhere, conveniently and securely.
JCB
●Introduction
On January 25 this year, JCB will celebrate its 50th anniversary. JCB is the world's most popular international credit card. JCB is jointly composed of Japan Sanwa Bank, Nippon Credit Bank, Mitsui Banking Corporation, Kyowa Bank and Daiwa Bank. At the same time, JCB has 69.26 million members, of which 8.69 million members have JCB cards issued in countries and regions outside Japan. There are 16.41 million JCB agents around the world.
JCB pays special attention to countries and regions such as China and South Korea. Because they are closely related to Japan's economy and geography, the development prospects of the credit card market are also very promising.
●Features
JCB focuses on the tourism and entertainment sectors in Japan. JCB’s international strategy mainly targets Japanese industrialists and women who work and live abroad. To establish its international status, JCB has also implemented priority service plans for merchants in Japan, the United States and Europe, including them in special travel guides for JCB cardholders.
●Scope of products and services
As the largest credit card organization in Japan, JCB’s products are similar to those of other card organizations. However, JCB’s global “SHOPPING” service and Platinum Card holder services are worth recommending. At the same time, JCB's overseas travel activities are also very unique. Not only will there be some free sightseeing trips, but also JCB's selected preferential information and useful travel information on restaurants, various tickets, beauty treatments and massages, golf, etc. can be introduced by region. information.
●Innovation
Since its inception, JCB has adopted the principle of “putting everything at the center of JCB cardholders” and defined “serving you sincerely” as JCB’s service idea. Each of JCB's service items is guided by its basic service strategy, which is to "understand the needs of JCB cardholders and satisfy JCB cardholders with wholehearted service." Therefore, it is not difficult to see from JCB’s official website that innovation in service is also the direction the company has been working towards