Sometimes I hear banks talking about IC cards, especially credit cards. Many friends are confused about this. What is this credit card IC card? What is so special about it? What?

Bank cards are divided according to media type, including chip cards and magnetic stripe cards. In the past, bank cards issued by commercial banks were mainly magnetic stripe cards, while IC credit cards were chip cards.

What is a credit card IC card?

IC credit card is a type of IC bank card. It is a new type of bank card that uses a chip as the medium and is issued using PBOC standard IC (integrated circuit) technology. . Compared with ordinary magnetic stripe cards, IC bank cards are more secure and the data in the card is difficult to copy.

Magnetic stripe bank cards have the disadvantages of small information storage and easy copying and counterfeiting, while financial IC cards are more resistant to copying and theft, and because the storage medium is a chip, an IC card Just like a microcomputer, it can store keys, digital certificates, fingerprints and other information. IC cards can be divided into contact, non-contact and dual-interface IC cards according to different communication methods.

What are the advantages of credit card IC cards?

In addition, in addition to having all the financial functions of general magnetic stripe cards, IC bank cards also have more industry application functions. With the popularity of bank cards, counterfeit bank card fraud cases are on the rise in my country. Criminals are constantly renovating their methods of stealing bank card balances and stealing credit cards from ordinary people. Some of them install cameras or replicators on ATM machines. When cardholders withdraw money from ATMs, their account numbers and passwords are obtained by criminals, and fake cards are copied. Steal the balance in the card; some even directly install fake ATM machines to steal information.

The popularity of IC bank cards has made it difficult for criminals to copy sensitive data in the cards. IC bank cards not only have all the financial functions of ordinary magnetic stripe bank cards, but also have electronic cash accounts, support offline small-amount payments, and can use contactless interfaces to achieve fast swipe-and-go payments and smart card mobile payments. Simply put, IC bank cards can be operated offline like swiping a bus card. As long as you lean against the POS machine, the payment can be completed within 1 second.

So, in addition to being able to do all transactions supported by magnetic stripe cards, IC credit cards are also more secure. At the same time, a series of expanded functions can be realized, such as allowing cardholders to use it offline without being connected to the bank system, making small quick payments in subway stations, buses and other places where quick payment is required, and even in social security, One card can be used for multiple purposes in medical and other fields.