Credit card control is a bank's use of various measures to review the authenticity of applicant information, make correct assessments, prudently grant credit, strictly control abnormal transactions, cash out and other illegal activities in accordance with the law, to protect account security and protect cardholders' legal status. equity and bank interests.

Impact:

1. The credit card business has expanded rapidly. While it is convenient for consumers, the service is not in place, causing a lot of troubles to consumers. For example: it takes 7 working days to apply for card transfer and cash withdrawal, and it is troublesome to withdraw cash for travel tax refund.

2. There are a series of service and charging issues such as full penalty interest on partial credit card arrears, sleep card charges, easy card application but difficult cancellation, full handling fee for early repayment in installments, etc.

3. Risk issues in the use of credit cards, credit card limit increases are subject to regulatory review.

4. Many banks have problems such as excessive credit granting, poor control of abnormal transactions, and lax review of applicant information. Bank risk prevention and control is not in place, regulatory authorities are not deterrent enough, and credit card cash-out investments are frequent.

Extended information:

Guangfa Bank takes credit card control measures as an example:

1. Build a "transaction switch" system for Guangfa credit cards, which is the first in the industry to provide An autonomous risk management platform with comprehensive credit card transaction functions for cardholders.

The system currently has four major management and control functions: transaction limit management, domestic card-less transaction management, Hong Kong, Macao and Taiwan transaction management, and overseas transaction management. Cardholders can use 95508, mobile banking, uplink SMS and other channels to "One-click" to independently set the required trading functions.

2. Guangfa Credit Card innovatively adopts intelligent system review to deal with the shortcomings of manual credit review. In addition, GF Credit Card has also strengthened regional management, focusing on the high-risk Yangtze River Delta and Bohai Rim regions. Based on the consumption characteristics of cardholders in this area, GF Credit Card has adopted measures to control risks from the source, reduce risk exposure, and establish lost connections. Customer management system and other three major aspects of control measures.

People's Daily Online - Different bank credit card risk control techniques

People's Daily Online - Credit card risk perspective: The number of card issuances is soaring, and control is ineffective and credit is granted