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What are the advantages of chip credit cards?

1. Wide coverage

Chip IC cards are widely used in various fields such as finance, communications, transportation, commerce, social security, taxation, medical care, insurance, etc., covering Almost all public undertakings. By integrating the functions of mobile phone SIM cards into financial IC cards, Bank of China, commercial banks and China Mobile took the lead in launching integrated bank card mobile application services in China, making mobile phones a multi-functional platform integrating shopping, bus, subway, expressway, social security, refueling, etc. comprehensive tool.

2. More convenient

Using unified standards and advanced technology chip IC cards, online (remote), offline (on-site) transactions, card insertion, and contactless (fast) can be realized Payments can also be used for mobile or other payments.

3. Improved security

The IC card chip uses a central processing unit (CPU) chip, which has high technical content and can effectively prevent counterfeit card transactions. The funds in the card are deposited in commercial banks, which is convenient for management and has a strict risk control mechanism;

4. Very reliable

Chip IC cards are anti-magnetic, anti-static, anti-mechanical damage, and anti-chemical. Corrosion and other properties, long information storage life, can be read and written tens of thousands of times.

5. Large storage space. The IC card chip has a large memory space, supports multiple uses of one card, and is dozens of times the memory capacity of a magnetic stripe card.