This is your bank card, chip card or composite card with magnetic stripe chip. Please use the chip card process to operate the trading business. If you are trading on a POS machine, please prompt the salesperson to insert the card for trading. If you can't insert a card transaction, it means that this POS machine has not been upgraded.

1. What is a chip magnetic stripe composite card?

According to different information carriers, credit cards can be divided into three types: magnetic stripe card (only magnetic stripe, no chip), chip card (only chip, no magnetic stripe) and chip magnetic stripe composite card (both chip and magnetic stripe). This adjustment only involves the chip magnetic stripe composite card.

2. Why should we adjust the acceptance rules of chip magnetic stripe composite cards?

Chip trading has the technical advantages of non-duplication, intelligent dynamic verification and high security. The adjustment of acceptance rules will further improve the transaction security of chip magnetic stripe composite cards.

3. What transactions of the chip magnetic stripe composite card are involved in this adjustment?

This adjustment only closes the domestic (excluding Hong Kong, Macao and Taiwan) magnetic stripe transactions of chip magnetic stripe composite cards, and overseas transactions are not affected.

4. How to trade the magnetic stripe chip composite card in China?

In China (excluding Hong Kong, Macao and Taiwan), the cardholder of chip magnetic stripe composite card can only trade by inserting or waving the card, that is, as a pure chip card. If it is still unacceptable, that is, the receiving device has no ability to accept the chip card. In this case, the receiving equipment should be replaced for trading.