In order to strengthen bank management, the People's Bank of China has formulated these bank card management measures in accordance with the "Law of the People's Republic of China on the People's Bank of China" and the "Law of the People's Republic of China on Commercial Banks" . Card business, to prevent bank card business risks and safeguard the legitimate rights and interests of commercial banks, cardholders, special units and other parties, is formulated in accordance with the "Regulations of the People's Republic of China and Foreign Exchange Administration" and relevant administrative regulations.
1. Chapter 1 General Provisions, Article 1 is based on the Law of the People's Republic of China on the People's Bank of China, the Law of the People's Republic of China on Commercial Banks, and the Law of the People's Republic of China on Commercial Banks. * and the Regulations on Foreign Exchange Administration and formulated these Measures. In order to strengthen the management of bank card business, prevent bank card business risks, and protect the legitimate rights and interests of commercial banks, cardholders, special units and other parties, relevant administrative regulations are formulated.
2. Article 2 The term "bank card" as mentioned in these Measures refers to the cards issued to the public by commercial banks (including postal financial institutions, the same below) with all or part of consumer credit, transfer settlement, cash deposits and withdrawals, etc. . Commercial banks are not allowed to issue bank cards without approval from the People's Bank of China.
3. Article 3 Commercial banks, cardholders, merchants and other parties engaged in bank card business within the territory of the People's Republic of China and the People's Republic of China shall abide by these Measures.
4. Article 4 Commercial banks shall, on the basis of mutual benefit through negotiation, carry out joint bank card services such as information deposits, merchant deposits, and machine and equipment deposits.
5. Chapter 2 Classification and Definitions, Article 5 Bank Cards, Credit Cards and Debit Cards. Bank cards are divided into RMB cards and foreign currency cards according to different currencies; they are divided into corporate cards (business cards) and personal cards according to the issuing objects; according to different information carriers, they are divided into magnetic stripe cards and chip (IC) cards.
6. Article 6 Credit cards are divided into credit cards and quasi-credit cards according to whether they are deposited into the card-issuing bank’s reserves. A credit card refers to a credit card in which the card issuer gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit and then repay. A quasi-credit card refers to a credit card in which the cardholder must deposit a certain amount of small cash in accordance with the requirements of the card-issuing bank. When the balance in the petty cash account is insufficient for payment, an overdraft can be made within the credit limit specified by the issuing bank.
7. Article 7 Debit cards are divided into transfer cards (including savings cards, the same below), special cards and stored-value cards according to different functions. Debit cards do not have overdraft capabilities.
8. Article 8 Debit card is a debit card with real-time debit. It has functions such as transfer calculation, cash deposit and withdrawal, and consumption.
9. Article 9 Special cards are debit cards with special purposes and used in specific areas. It has transfer calculation and cash deposit and withdrawal functions. Special purpose refers to use outside department stores, catering, catering, entertainment and other industries.
10. Article 10 A stored-value card is a prepaid wallet debit card in which the card issuer transfers funds to the card for storage according to the cardholder's requirements and directly deducts funds from the card during transactions.