Financial IC Cards

Financial IC cards are financial instruments issued by commercial banks (credit unions) or payment institutions produced with the integrated circuit technology, complying with the country's financial industry standards and providing all or any functions of consumer credit, transfer and settlement, cash deposit and withdrawal as well as other business services and social management functions. They are also known as chip bank cards, with chips as the media of transactions, featuring large-capacity and storing keys, digital certificates, fingerprints and other information. Therese cards work like microcomputers, capable of handling a variety of functions for the cardholder as multi-purpose cards.

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