With chip but without magnetic stripe.

The new version of the bank card is called a chip card. Chip cards are divided into pure chip cards and magnetic stripe chip composite cards based on media type. Among them, pure chip cards only have a chip but no magnetic stripe, while magnetic stripe chip composite cards have both a chip and a magnetic stripe.

1. There are two chip card standards on the market, one is the EMV standard that is widely used internationally, and the other is the PBOC2.0 standard of the People's Bank of China.

2. ICBC launched the first domestic EMV standard credit card in December 2005, and launched the first domestic PBOC2.0 standard credit card in November 2007.

3. Chip cards are divided into pure chip cards and magnetic stripe chip composite cards according to media type. Among them, pure chip cards use chips as the only transaction medium and can only be used at acceptance points with chip reading equipment; magnetic stripe chip composite cards can support both chip and magnetic stripe media and can be used at acceptance points that can accept chips. The chip is read, and the magnetic strip is read at other acceptance points, which is the same as the traditional magnetic stripe card.

4. In terms of communication methods, chip cards can be divided into contact cards and contactless cards (as well as contact + contactless dual-interface cards)

5. ICBC Peony Financial The IC card is a magnetic stripe chip composite dual-interface card, which basically covers common acceptance methods.

Chip cards enter a new era

In accordance with the central bank's deployment, the People's Bank of China issued the "Opinions on Promoting the Application of Financial IC Cards" and decided to launch bank card chip migration nationwide During the "Twelfth Five-Year Plan" period, the application of financial IC cards will be comprehensively promoted, requiring all bank cards issued by commercial banks to be financial IC cards from 2015, and the issuance of magnetic stripe cards will cease.

During the New Year's Day holiday, the reporter learned at some bank outlets in the city that the bank cards currently processed have become chip cards. Different from the magnetic stripe cards used in the past, there is now an extra piece of yellow on the front of the bank card. metal piece, but the black magnetic strip on the back has disappeared.

Currently, there are three main types of bank cards on the market. One is a magnetic stripe card, one is a card with a yellow chip on the front and a black magnetic stripe on the back, and the other is a card with only a chip. The implementation of chip cards has made many people worry about whether the magnetic stripe cards in their hands can be used normally? In response to this problem, staff from many banks in the city said that the central bank has issued regulations that from January 1, 2015, commercial banks will no longer issue magnetic stripe cards. Stopping downgrade transactions is for "chip magnetic stripe" composite cards, but it does not affect the normal use of issued magnetic stripe cards. There will be a transition period, and the time when magnetic stripe cards will be deactivated has not yet been determined. However, for safety reasons, it is recommended that citizens replace chip cards.

In a joint-stock bank, the reporter saw that it only took 5 minutes to replace the old magnetic stripe card with a chip card, and all the business was transferred to the new card. A staff member of the bank said, "Last year 10 Starting from March, our branches will no longer issue pure magnetic stripe cards. The new cards are financial IC cards and chip cards, and customers are happy to accept them. "In addition, the bank provides card replacement and number protection services, but you need to wait. Chip cards will be collected within 7 days, and chip cards without number protection can be processed on-site.