Bring your valid ID card to the bank counter to check for bank card authentication.

According to the deployment of the People's Bank of China, POS machines across the country will close chip bank card downgrade transactions before the end of October, and chip card payments will bid farewell to swiping cards and usher in the era of card insertion. Starting next year, newly issued bank cards settled by the people in economically developed areas should be chip cards, and the issuance of magnetic stripe cards will gradually be stopped.

Many times there is no prompt when we swipe the card, and we can also swipe the card for transactions, but now the magnetic stripe card will arrive the next day when we swipe the card. In fact, this is an authentication, and your bank is being tested during this period. It can be seen whether the card is used for normal transactions.