August 10, in Shenzhen, the bank card risk prevention and special activities to combat crime deployment, Shenzhen, a share bank related responsible person revealed that the central bank and the Chinese Banking Association is planning to change the magnetic stripe card to IC card, criminals generally use the reader will not be able to steal information. "The second half may be piloted in some banks and then promoted gradually." According to Yang Geoping, a full-time vice president of the China Banking Association, as at the end of the quarter, the National Bank card issuance volume reached 2.169 billion, card consumption accounted for 30% of the amount of social consumption. At the same time, since 2005, the number of bank card fraud cases have maintained an annual growth rate of more than 50%, only 2009 the amount of money involved is as high as 500 million yuan. If the card-swapping scheme is in place, it will mean that more than 2 billion card cards have to be replaced. Plus the replacement of POS and ATM machines, some people think it will cost more than 100 billion yuan. 21st Century Economic Report
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