Magnetic stripe card launched financial market, financial IC card outlawed, domestic chip vendors benefit

It is reported that the issuance of financial IC cards so far in mid-12 has exceeded the expected two times, the promotion of financial IC cards has obviously increased, the central bank said: the issuance of financial IC cards in 2013 will continue to grow by 30%. Bank magnetic stripe cards to chip cards continue to transform, at present: magnetic stripe cards bank cards have gradually launched the financial sector, but magnetic stripe cards in other areas have also been vigorously promoted, because magnetic stripe cards have the function of saving data, so many retail industries have chosen to use magnetic stripe cards to make membership cards.

   The financial IC card continues to develop, and the domestic chip will pass the financial IC card security testing certification. UnionPay proposed to establish an overall security testing and certification system for IC cards in line with international standards at the beginning of 2013, and formally carry out financial IC card certification for all manufacturers in 2013, and domestic chip design manufacturers are expected to pass financial IC card security testing and certification in the first quarter of 2013.

   The advantages of domestic chips.

1, the price is much cheaper compared to foreign

2, chip quality has been guaranteed

3, take the principle of proximity.

   Experts say: China will realize intelligent China and convenient China in the next 5~10 years.