A minefield where virtual credit cards should be avoided

March 13, the central bank issued an emergency document, "The People's Bank of China to pay the settlement division of the company's offline bar code (two-dimensional code) payment and other business advice," Stop Alipay, Tencent's virtual credit card products, the reason for: virtual credit card break through the existing credit card business model, in the implementation The protection of customer information security has yet to be further studied. For the content mentioned in the document, Alipay said to reporters that the day has been with the central bank for business reporting and communication. So where does virtual credit card break through existing credit card business models? In 1996, the central bank issued the "credit card business Management method", the credit card according to the carrier materials as magnetic stripe card and smart card two categories, did not give the definition of virtual credit card, this is the first to virtual credit card to the legality of a question mark. In January 2011, the CBRC issued the "Commercial Bank credit card business supervision and Management measures" (hereinafter referred to as the method), in this approach, including business access, card issuers, receipts, wind control and other content of the detailed provisions. Carefully compared to the following is not difficult to find, the Citic Bank issued CITIC Taobao different payment credit card in a number of content on the line suspicion. First of all, in the application material link, according to the method 37th, the credit card issuing bank printed the application material text should contain the applicant information, contract information, cost information and other information. Other information includes the applicant's statement, the applicant's confirmation column and the signature bar. In particular, the applicant confirmation column should contain the following statements, and require the customer to copy the signature: I have read all the application materials, fully understand and clearly know the relevant information of the credit card products, willing to abide by the rules of the Contract (agreement). The 38th article also expressly stipulates that the credit card application material must be signed by the applicant himself. According to Alipay 12th, the official response, Citic Taobao pay credit card can be realized online real-time application, that is, the card issuing, that is, pay, which allows them to instantly obtain the above information and allow customers to transcribe the statement generated doubt. Second, in the identification link, the 41st article stipulates that the issuing bank must confirm that the applicant has a fixed job, a stable source of income or a reliable repayment guarantee. 42 It is clearly pointed out that the first application of the bank's credit card customers, not to take the whole system automatic issuance of credit cards. Although the current commercial Bank credit card center in the online application process is not the same, but under the requirements of this requirement, there are different degrees of human intervention. To China Merchants Bank as an example, its credit card center customer service staff told reporters that the net credit card in the data complete, will be within 7 working days to complete the initial audit, and send staff door-to-door assistance to do cards, cards can be in the micro-trust in the public account or to activate the network. If the reporter learned that although the bank can apply for and complete the entire online card, but the cardholder must go to the dot counter to verify the identity to activate the card. In fact, even the CITIC Bank itself, its existing standard card also requires the applicant to fill in all the information, must be beforeTo the network counters for identification, and then the credit card will be sent to the applicant in the form of courier. Finally in activating this link, the method 49th stipulates that the card issuing bank should check the cardholder's identity information before activating it, and may not activate the credit card without the applicant's signature confirmation and without activation procedure confirming the cardholder's identity. This means that Citic Taobao pay credit card even if you can achieve online access to obtain the applicant's signature confirmation, in fact, can only rely on the applicant to fill out the information and Alipay real-name certification to check the identity card holders. For virtual credit card breakthroughs in these rules, a joint-stock bank Credit card center people told reporters, the previous line on how to better integrate credit card network payment has been discussed, but the basic conclusion is that the three-parent principle, namely, pro-visit, pro-signing, pro-core, it must strictly follow the existing card issuing process, and to explore with third-party payments to strengthen online payment of credit cards. In addition, in the introduction of insurance companies, Citic Taobao pay credit card also differs from ordinary credit cards. Reporter additional from Alipay to understand, in the existing scheme, in fact, there are ping an insurance and security insurance two joint participation, of which ping an insurance is responsible for user account safety insurance, such as stealing brushes, accounts stolen, and so on, public security insurance is responsible for covering the risk of overdue repayment. (Edit Wangfangyan Han Rui Shanyu)