Routing Number On Debit Card

Research Report of the bankcard industry in China IC, 2009
For more details, please visit http://www.shcri.com/reportdetail.asp?id=285 "The application of smart cards in the credit card is generally considered that the requirements internal standards to improve safety and capacity of Chinese bank card services and steps to distribute traffic to international EMV card (from magnetic cards to chip cards). In America, the MLE movement has been completed, the IC card bank replacing magnetic cards. With the advancement of the EMV international movement, regions without movement Industries become the main targets of the counterfeit cards. Apart from preventing the risk of fraud with forged cards, the cards will support the standard IC card used in the areas of payments and small areas of prompt payment, such as public transport, supermarkets and Practices of 'fast food industry, which makes the credit card out of the limitation of the appearance and make practical functions such as payments by mobile phone. EMV is the standard technology to collect smart card bank debit and credit, made in collaboration with three international credit card, including Europay, MasterCard and VISA. The motion refers to the EMV card processing from the magnetic cards for the integrated circuit (IC short of) cards by adopting safer and more functional smart cards smart cards to replace magnetic. Because the magnetic cards are easy to copy, fraud and stealing, many countries introduce EMV movement. Currently, the MLE movement has been completed in over 30 countries. In 2007, 67% of cards (about 200 million pieces) in Europe pay international organizations have been transferred to smart card suitable for EMV and 67% of systems had been completed the purchaser reform EMV standard. Banking associations and organizations of credit cards in the Middle East has called on the smart cards issued after 2007 will be adapted to EMV. In the Asia-Pacific, Japan and Malaysia requested the credit cards issued after 2007 is adapted to the EMV standard. Meanwhile, international organizations have taken steps to encourage and propel different penalties for member banks from going into IC cards and EMV management. European MasterCard International decided that it would take more responsibilities loss caused by the use of magnetic cards or counterfeit cards from 2007 in Europe, which means that the overall magnetic card used in Europe would be replaced by smart cards since 2007. With the acceleration of international economic communications, China is speeding up to enter the international economic systems. It is the inevitable trend for China's bankcard industry standards to integrate international credit card. At the end of 2008, China issued cumulatively by 1.8 billion pieces of credit cards, up 16.7% over 2007, including 1.66 billion debit cards and $ 142-million credit card. The growth rate of credit cards has been strong, up 57.7% yoy. In 2008, the credit card companies totaled 16.6702303 billion in China with total 127.157376 billion yuan (18.17 trillion dollars), up 22.5% YOY and 14.1% respectively. It is crucial to ensure the safety of trade by the amount of credit card giant. With the gradual maturity of smart card technology, smart cards have been banking at the base for detailed design in China. Because the smart card IC adopt the CPU chips, which have operations, encryption and decryption and memory capabilities, its security is higher than other cards. In addition, it is difficult to duplicate smart cards, making the theft of credit cards more difficult. For application, the smart card IC can exchange data with card readers through communications, data encryption and strong authentication security systems, which can reduce the possibilities of cooperation.