In order to improve the payment security, the bank suggests replacing the pure magnetic stripe card with a safer financial ic card. At the same time, the Bank will further strengthen the risk prevention and control of magnetic stripe card transactions according to regulatory requirements. Banks will, as always, provide high-quality and convenient financial services to ensure the safety of customers' funds.
Whether it is a single magnetic stripe card or a composite card with magnetic stripe and chip, the magnetic stripe stores three pieces of information, which can be read and copied. A small black box, swipe the bank card and the information will be copied. Connect the black box to the computer and open the special software to view it. The three pieces of information stored on the magnetic stripe are cardholder identity information, card number information and card verification information.
The password will not be stored in the magnetic stripe, but the suspect will steal the user's password by peeping, taking photos or using a fake keyboard. Never take the bank card out of sight at any time, and the password should be blocked. If the cashier uses a device other than the POS machine to swipe the card for the second time, he can call the police.
Advantages of IC chip card: IC chip card is not easy to be copied; IC chip card has a long service life, the theoretical life is 30 years, and the magnetic stripe card is only 10 years; IC chip card will not degauss; Non-contact IC chip card supports flash payment function, making payment convenient and fast.
The chip card adopts personal password, and the card and reader are authenticated in both directions, so it is not easy to be copied and forged. At present, there is no case that a pure chip IC card is stolen because it can be copied.