Visa card can not be used in China, but can only be used on POS machines with Visa logo abroad. It is more cost-effective to use visa card abroad.
UnionPay card supports domestic and overseas POS machines with UnionPay logo to swipe cards.
When accepting dual-currency credit cards with VISA logo outside Chinese mainland, you are not allowed to take the channel of China UnionPay for credit card spending or ATM withdrawal, otherwise VISA will severely punish the acquiring bank. Consumers who are used to using dual-currency credit cards with VISA logo to swipe their cards overseas are in trouble. In fact, many consumers are not very clear about the difference between VISA card and UnionPay card.
VISA card international organization is a credit card organization composed of members of international banks. It has no shares and belongs to a non-profit organization. Headquartered in San Francisco, California, USA. VISA helps members develop various VISA payment tools (also known as credit cards) and traveler's checks; Provide various visa products and services for members; Help members make profits by using VISA products and services; Reduce the repeated investment of members in the network, and provide automatic "cashless" payment tools and systems for members, consumers and special merchants.
Visa is not only synonymous with payment cards or credit products. Products and services branded with Visa represent the safest, most convenient and most reliable payment method, allowing consumers to trade at any time, anywhere and in any way. Visa is committed to cooperating with the People's Bank of China and banks in China to ensure that the payment industry in China can strongly support the sustained and rapid economic development in the future, which is the kind of card that people often swipe in shopping malls, commonly known as bank card/credit card/financial card.
UnionPay card refers to a bank card that meets the requirements of unified business norms and technical standards and is printed with the words "UnionPay" at the designated location. According to the relevant person in charge of the People's Bank of China, bank cards with the "UnionPay" logo must conform to the unified business norms and technical standards stipulated by the People's Bank of China and be approved by the People's Bank of China.
The characteristics of UnionPay card are as follows: 1. The red, green and blue "UnionPay" logo is printed on the lower right of the front of the card. Second, there is a holographic laser pattern above the "UnionPay" logo on the credit card. Third, the signature strip on the back of the credit card is printed with the words "UnionPay" in color, and the handwriting written on it cannot be smeared. June 65438+1October 65438+1October, 2005, UnionPay changed its logo, with the red, blue and green bank cards arranged in parallel as the background, which set off the white "UnionPay" English and "UnionPay" Chinese styles. Compared with the old logo, the new logo of UnionPay mainly added the English word "unionpay", and fine-tuned the area and inclination of the three-color block.
The purpose of "UnionPay" logo is to provide a unified identification mark for all kinds of ATM and POS terminals to accept bank cards issued by commercial banks, so that bank cards issued by different banks can be used in ATM and POS terminals with "UnionPay" logo, and provide consumers with convenient, fast and safe financial services.
There are the following card-issuing financial institutions in Chinese mainland:
Bank of China
Everbright Bank of China
Agricultural Bank of China
Industrial and Commercial Bank of China
China construction bank
Bank of Communications
CITIC Industrial Bank
China Merchants Bank
Guangdong Development Bank
SDB Shenzhen Development Bank
Shanghai Pudong Development Bank
Huaxia Bank
industrial bank
China Minsheng Banking Corporation
Bank of Beijing
Shanghai bank
Everbright Bank of China
Bank of East Asia
HSBC
Citibank
Bian Xiao tip:
1958, Bank of America issued a universal credit card in California-American Bank Card.
1976 financial association organized National BankAmericard Inc to change its name to Visa on 1976 and issue debit cards;
1987 Visa launched a multi-currency clearing and settlement service, which improved the efficiency of cross-border payment and settlement; 1997, the total transaction amount of Visa brand payment products exceeded 1 trillion dollars;
In 2008, Visa was listed on the new york Stock Exchange (NYSE), and it became the largest IPO in American history with a financing amount as high as $654.38+09.7 billion. The stock trading code is "V".
In 2008, as of June 5438+February 3, 20081,the transaction volume of American debit cards exceeded that of credit cards for the first time.