During the period of 1996, MasterCard launched Japanese network service in Japan and operated MasterNet credit card network system in Japan. This system connects the merchant's delivery office with a separate processing center, which reduces the authorization time by 60% and makes cardholders feel smooth when using POS machines to swipe their cards.
VISA itself does not issue cards. You can choose VISA and MasterCard to apply for credit cards in China.
For the concept of "international", in fact, all credit cards are universal. The difference lies in whether foreign currency settlement is allowed. Most banks offer one card with two currencies, namely US dollar and RMB.
VISA card is an international card (standard credit card or debit card) product of ICBC, which can be used all over the world and has the function of interest-free overdraft. You need to provide income proof, work proof and other relevant documents when applying.
ICBC also supports visa verification services. If the website also supports visa verification, you need to provide your reserved verification information when paying.
If the website does not support visa verification, you only need to provide the card number, expiration date and your pinyin name when you pay (the same as when you apply for a card). The RMB account and the US dollar account of ICBC VISA card are separate. You can pay directly on the website. After overdraft, you can apply for repayment of foreign exchange at ICBC.
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Unionpay visa dispute
On June 20 10, Visa sent a letter to member banks around the world, requesting that all dual-currency credit cards with the Visa logo should not go through the clearing channel of China UnionPay from August 20 10, otherwise VISA will severely punish the acquiring banks.
201September 15 The United States claimed that the People's Bank of China had issued a number of restrictive measures since 20001year, which made the RMB payment card transaction monopolized by China UnionPay, discriminated against foreign suppliers, violated China's commitment to open the financial services market, resorted to the WTO dispute settlement mechanism, and made a request for consultation with China.
201July 17, the dispute settlement body of the world trade organization (WTO) officially released the report of the expert group, which rejected the accusation of the United States on the monopoly position of China unionpay, but supported the United States' claim that China should open the electronic payment service market.
On August 3, 2065438, the press release issued by the WTO showed: "The WTO Dispute Settlement Mechanism (DSB) adopted the report of the expert group on the case of' China-Some Measures Affecting Electronic Payment Services', and China did not respond to the report or appeal."
According to the relevant rules of WTO, if one party gives up the appeal, it means accepting the ruling, and it also means that China will be obliged to gradually open the electronic payment service market to the outside world and allow other card organizations other than UnionPay to issue RMB payment cards in China.
As of September 3, 20 12, the Ministry of Commerce of China publicly responded to the complaint that the report of the expert group rejected some of the US claims and supported China's view of orderly opening up the payment service market, which China welcomed.
On September 4th, 20 12, the relevant person in charge of China UnionPay told the reporter of New Express that it would abide by the decision of the Ministry of Commerce.
Baidu encyclopedia-visa
Baidu encyclopedia-MasterCard