It is as convenient as brushing an IC card for public transportation. Taking a POS machine can complete credit card consumption. Users with IC bank cards will enjoy this convenience at the end of this year. It is reported that more than 120,000 POS machine reconstruction work in Hubei Province has officially started, and strive to be completed by the end of this year.
At present, China UnionPay Hubei Branch, ICBC Hubei Branch, and China Resources Huitong Co., Ltd. have jointly launched the province's first financial IC card, the “Peony Huitong Card,†but it has not started large-scale card issuance.
According to the deployment of the Central Bank, starting from July 1 this year, new POS and ATM terminals must be equipped with financial IC card acceptance functions, and inventory terminals must also be transformed. It is reported that at present, the reconstruction of POS machines in Hubei Province has completed 80% of tasks, and the transformed POS machines will also have the functions of identifying magnetic stripe cards and IC cards at the same time.
At present, China UnionPay Hubei Branch, ICBC Hubei Branch, and China Resources Huitong Co., Ltd. have jointly launched the province's first financial IC card, the “Peony Huitong Card,†but it has not started large-scale card issuance.
According to the deployment of the Central Bank, starting from July 1 this year, new POS and ATM terminals must be equipped with financial IC card acceptance functions, and inventory terminals must also be transformed. It is reported that at present, the reconstruction of POS machines in Hubei Province has completed 80% of tasks, and the transformed POS machines will also have the functions of identifying magnetic stripe cards and IC cards at the same time.