Shulou(Shulou.com)11/24 Report--

CTOnews.com December 8 news, Qingdao Metro today issued a notice on the financial IC card to stop the ride function. According to the announcement, from December 21, 2022, the financial IC card will stop taking the subway. Users can use Qingdao Metro App or on-site ticket purchase and other ways to take the bus.

Qingdao Metro said that if users use an electronic cash card from Qingdao Bank, if they still have a balance in their account, they can go to any counter of Qingdao Bank. For more information, please contact Qingdao Bank (Tel: 96588).

China UnionPay Qingdao said that Qingdao Metro will close the bank card (financial IC card) electronic cash account to take the subway function from December 21, 2022. Users can go through the gates or buy tickets through payment methods such as Qingdao Metro App, Cloud Flash App, Qindao Tong Card and so on. If you still have a balance in your bank card e-cash account, you can transfer the balance to the bank counter. Other merchants who can accept e-cash will not be affected and can continue to use it.

CTOnews.com learned that the financial IC card, also known as the chip bank card, is a bank card with the chip as the medium. The chip card has a large capacity and can store information such as keys, digital certificates, fingerprints and so on. Its working principle is similar to that of a microcomputer, and it can handle multiple functions at the same time, providing cardholders with the convenience of multiple uses of one card.

Financial IC card is issued by commercial banks (credit cooperatives) or payment institutions, using integrated circuit technology, following the national financial industry standards, with consumer credit, transfer settlement, cash access all or part of the financial functions, can have other commercial services and social management functions of financial instruments. There are two chip card standards in the market, one is the EMV standard which is widely used in the world, and the other is the PBOC2.0 standard of the people's Bank of China.

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