Recently, China Construction Bank’s virtual credit card services have undergone some changes. According to the latest policy of the central bank, offline barcode payment and virtual credit card related businesses have been required to be suspended, aiming to ensure a smooth transition during the business suspension period to strengthen risk management and protect user information security.

This suspension is based on a careful assessment of the risks of Internet financial innovation. Industry experts believe that although virtual credit cards have certain conveniences, their security and risks still need to be further evaluated. Third-party payment platforms are recommended to submit detailed security testing reports and risk prevention strategies to regulatory agencies as soon as possible to jointly build a stronger Internet security defense line.

According to the central bank’s explanation, the suspension of virtual credit card services is mainly due to new risks brought by offline QR code payments, and its risk control poses a challenge to customers’ information and financial security. Although the emergence of virtual credit cards has simplified traditional credit card business, there are still shortcomings in ensuring customer identity verification and information security. The suspension reflects the regulatory agency's prudent attitude towards Internet finance and aims to prompt payment platforms to strengthen security measures to prevent theft.

It is foreseeable that in the future, regulatory authorities may conduct a unified review of all Internet financial products from the perspective of risk assessment to protect consumer rights and maintain the stability of the financial market. This incident reminds us that while providing convenient services, security and compliance are equally important.