1. Wide coverage
Integrated circuit cards can be widely used in finance, telecommunications, transportation, commerce, social security, taxation, medical care, insurance and other fields, covering almost all public welfare undertakings. China Bank, Commercial Bank and China Mobile took the lead in launching the integrated application service of mobile phone bank cards in China, integrating the functions of mobile phone SIM cards into financial IC cards, making it a comprehensive application of shopping, public transportation, subway, high-speed, social security, refueling and other functions.
2. Easy to use
Chip IC cards with unified standards and advanced technologies can realize online (remote) and offline (on-site) transactions, card insertion, contactless (fast) payment and mobile payment or other payment methods.
3. High security
IC cards made of central processing unit (CPU) chips are high in technology and can effectively prevent counterfeit card transactions. The funds in the card exist in commercial banks, which is convenient for supervision and the risk control mechanism is relatively strict.
4. Large storage space. The single-chip IC card has a large storage space, which supports multiple uses of one card, and its capacity is dozens of times that of the magnetic stripe card.