[The People's Daily Morning News October 21, 2014 ] China's bank card is being ushered in change "core" era. Yesterday, the central bank released data show that as of the end of the third quarter of 2014, the cumulative amount of financial IC card issuing country to break 1 billion. 

Central Bank data show that in the more than one billion IC cards, the national commercial bank issuing the cumulative amount of over 900 million, regional commercial banks issuing the cumulative amount of over 100 million. Added three quarters of 2014 financial IC card 450 million, accounting for the amount of new bank card issuers ratio exceeds 80%. The amount of newly issued during the first three quarters were 130 million, 150 million and 170 million, issuing progress significantly accelerated, IC cards has become China's new-onset bankcard mainstream products. 

According to the central bank had issued "Notice on the gradual closure of the financial IC card downgraded transactions related matters" requirements, from next month, a chip and a magnetic stripe bank card will no longer provide magnetic stripe card services, unified into a chip card; and from next year, banks will continue to be suspended magnetic stripe cards. 

"Bank card chip safety coefficient is higher than that of other chips, so far, the domestic is not found in the trading situation chip card cloning phenomenon." Chinese UnionPay senior risk experts Wang Yu said, with the magnetic stripe card is different, the chip card information is dynamic, "chip is a small computer, and each time the checksum is different, little possibility of replication. This is also the reason why the central bank claims to replace the chip card."

Yesterday, the Beijing morning news reporter visited a number of banks to know that the banks on the same card charges, ICBC, Minsheng Bank is currently free replacement IC card, most of the other bank card fees in general in the 10 yuan to 20 yuan.There are also have the bank said change the card business in the highest charge 40 yuan.

"Whether to pay another depends on your card is what card." Citic bank customer servicer talk to the Beijing morning news reporter, if the replacement of ordinary card needs 20 yuan fee for card, gold card customers need 10 yuan, but the platinum card customers and above do not collect fee.

Data shows that there are nearly 3400000000 pieces of magnetic stripe card needs to replace the chip card on the market, each chip card costs about 10 yuan, the replacement cost tens of billions of dollars. According to the insiders, for the "core" of the authorities need to further standardize the charging standards.