Without the approval of the People's Bank of China, commercial banks may not issue bank cards. Article 3 All commercial banks, cardholders, merchants and other parties handling bank card business within the territory of People's Republic of China (PRC) shall abide by these Measures. Article 4 A commercial bank shall, on the basis of mutual benefit through consultation, carry out joint bank card business of information sharing, merchant sharing and equipment sharing.
Chapter II Classification and Definition
Article 5 Bank cards include credit cards and debit cards.
Bank cards are divided into RMB cards and foreign currency cards according to different currencies; According to the different issuing banks, it can be divided into corporate cards (business cards) and personal cards; According to different information carriers, it can be divided into magnetic stripe card and ic card. Article 6 Credit cards are divided into credit cards and quasi-credit cards according to whether the reserve fund is deposited with the issuing bank.
Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay.
Quasi-credit card refers to a credit card in which the cardholder must first deposit a certain amount of reserve fund according to the requirements of the issuing bank, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank. Article 7 Debit cards are divided into debit cards (including savings cards, the same below), special cards and stored value cards according to different functions. Debit cards have no overdraft function. Article 8 Debit cards are used for real-time deduction. It has the functions of transfer settlement, cash deposit and withdrawal and consumption. Article 9 A special card is a debit card with a specific purpose and used in a specific area. With transfer settlement and cash deposit and withdrawal functions.
Special use refers to use outside department stores, restaurants, restaurants and entertainment industries. Article 10 A stored-value card is a prepaid wallet-type debit card in which the issuing bank transfers its funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction. Article 11 Co-branded cards/subscription cards are subsidiary products of bank cards jointly issued by commercial banks and profit/non-profit organizations. The varieties of the attached bank cards must be those approved by the People's Bank of China, and shall comply with the business regulations or management measures of the corresponding varieties.
The issuing bank and the joint entity shall provide a certain percentage of preferential or special services to the joint cardholder of the joint entity; The cardholder receives the ID card to show his support for the identity unit and enterprise. Article 12 Chip (IC) cards can be used for both single bank card varieties and combined bank card varieties.
Chapter III Examination and Approval of Bank Card Business
Article 13 A commercial bank shall meet the following conditions when offering bank card business:
(1) It has been in business for more than 3 years and has a good business foundation for handling retail business;
(2) It meets the monitoring indicators for asset-liability ratio management promulgated by the People's Bank of China and is in good operating condition;
(3) The business has established a scientific and perfect internal control system with clear internal authorization approval procedures;
(4) Having qualified managers and technicians and corresponding management institutions;
(5) Safe and effective computer processing system;
(six) the issuance of foreign currency cards must also have the qualification to operate foreign exchange business and the corresponding foreign exchange business management level;
(seven) other conditions stipulated by the people's Bank of China. Article 14 A commercial bank that meets the above conditions may apply to the People's Bank of China for opening a bank card business and submit the following materials:
(1) application report: demonstrate the necessity and feasibility, and make market forecast;
(two) the bank card articles of association or management measures and the draft card sample design;
(3) Internal control system and risk prevention measures;
(four) the test report issued by the competent department of science and technology of the People's Bank of China on the technical standards of system security;
(5) Other materials required by the People's Bank of China. Article 15 The articles of association of various bank cards of the issuing bank shall specify the following items:
(a) The name, type, function and purpose of the card;
(two) the card issuing object, application conditions and application procedures;
(three) the scope of use of the card (including use restrictions) and the method of use;
(four) the interest rate applicable to the card account, as well as the charging items and standards for the cardholder;
(five) the rights and obligations of the issuing bank, the cardholder and other relevant parties;
(6) Other matters required by the People's Bank of China. Sixteenth bank card management authority and approval procedures:
(1) Commercial banks shall formulate unified articles of association or business management measures according to the provisions of the People's Bank of China on strengthening internal control and authorizing credit management, and report them to the head office of the People's Bank of China for approval.
If the head office of a commercial bank is not in Beijing, it should first report to the local central branch of the People's Bank of China, and after examination and approval, the branch of the People's Bank of China will forward it to the head office of the People's Bank of China for approval.
(2) Commercial banks that have started credit card and debit card business may apply to the People's Bank of China for issuing joint cards/ID cards, special cards and stored-value cards; Commercial banks offering RMB credit card business may apply to the People's Bank of China for issuing foreign currency credit cards.
(3) Commercial banks should report to the head office of the People's Bank of China for approval when issuing joint cards, IC cards and stored-value cards that are common in the whole country.
(4) When a branch of a commercial bank handles the bank card business approved by the head office of the People's Bank of China, it shall file with the local People's Bank of China with the approval document of the People's Bank of China and the authorization document of the head office.
The special cards and co-branded cards used in the distribution area of branches of commercial banks shall be reported to the central branch of the local People's Bank of China for the record with the authorization document of the head office of the commercial bank and the agreement between the two parties.
(5) A commercial bank shall report to the People's Bank of China for approval if it changes the name of its bank card or modifies its articles of association.