Developing Financial IC Cards Is the Call of the Times

As a modern financial payment tool with functions such as consumer credit, transfer settlement, cash access, and information management, the financial IC card has its advantages of high security, large capacity, multiple applications, high reliability, low network dependence, etc. The rapid popularization and application of urban public services has been widely recognized by the people and has achieved good economic and social benefits. At present, China has entered an important stage of deepening social management reform and strengthening public service construction. Henan, as a populous province, a big agricultural province, and a major economic province, has vigorously developed financial IC card applications in the field of public services to optimize the economic and social development environment. It is of great significance to promote the rise of the Central Plains.

First, the development of financial IC cards is the call of the times (a) the development of financial IC card multi-application is the need to build a service-oriented government. At present, public services have increasingly become an important responsibility and core function of the government. Actively strengthening public service functions and building a service-oriented government have become major tasks that must be grasped by governments at all levels. Promote the application of financial IC cards in the public service sector, and give full play to its advantages of standardization, security, convenience, economy, multi-application, and innovation, which can facilitate people's convenience in transportation, medical care, and micro payment. Quickly enjoy the public services provided by the government and handle all personal social affairs, eliminating the need for “doing more with less cards” and wandering around; using financial IC cards to gradually replace, integrate medical insurance cards, and bus cards can promote inter-departmental Resource sharing and collaborative services, breaking the monopoly, may lead to decentralization, low quality and inefficient individual services, unified management and supply of different public services, reducing redundant construction, lowering construction and operating costs, and alleviating the increasing public service demand of the people. The contradiction between limited public service resources improves the quality and effectiveness of public services.

(b) The development of financial IC card applications is the need to promote regional financial cooperation. The promotion and application of financial IC cards in the entire society can strengthen the exchange and integration of finance between cities and regions. First of all, the promotion of multiple applications of financial IC cards can promote the mutual financing of funds across the province, especially the central cities. It can strengthen the regional capital collection and distribution function, further eliminate regional barriers to the separation of capital financing, and promote the extensive cooperation in the area of ​​fund clearing, account deposit and withdrawal, bill discounting, securities settlement, and international business in different regions, extending business channels and forming different New mechanisms for mutual financing between financial institutions in cities and different regions. Secondly, the promotion of multi-applications of financial IC cards will enable inter-city payment liquidation and urbanization. It can eliminate the barriers of inter-city transactions, accelerate the pace of large-scale Zhengzhou, rely on other central cities, and take finance as the guide to build urban bank bill trading centers, financing centers, and property rights trading centers, and reduce inter-city transaction costs and improve The efficiency of inter-city capital circulation, and the gradual realization of financial integration, provide strong support for Central China's industrial agglomeration, urban clusters and urban-rural integration.

(III) Development of Financial IC Cards Many applications are needed to make the financial industry bigger and stronger. In recent years, Henan's financial industry has developed rapidly. However, from a national perspective, the overall financial strength and core competitiveness of Henan are still not changing. The ability of financial support for economic and social development needs to be further improved. At present, the development of China's financial industry is shifting from relying mainly on expansion of scale to profitability of service innovation, closely seizing the opportunity of changing the mode of financial development, and actively promoting the promotion and application of financial IC cards in Henan. It is important for the financial industry in Henan to become bigger and stronger. significance. The first is to promote the upgrading of the financial industry in Henan. Promoting financial IC cards in Henan Province, implementing technology upgrades and multi-applications, promoting financial institutions to speed up the implementation of EMV migration, upgrading bank card technology as soon as possible, facilitating financial institutions to innovate service methods, and expanding profitability space, in order to enhance the overall financial performance of Henan Province. Lay a good foundation for competitiveness. The second is to strengthen the strength of Henan financial institutions. From the perspective of the fast-developing financial regions such as the Yangtze River Delta, the Pearl River Delta, and the Bohai Rim, to promote financial development, we must enlarge and strengthen local financial institutions. Henan has made great efforts to develop multi-applications of financial IC cards, using city commercial banks such as Zhengzhou Bank as card issuing banks, can promote its innovative financial services, continuously enhance endogenous profitability, and better adapt to the current integration of financial services, internationalization of financial activities, and financial services. The development trend of transactional electronic and diversification of financial products, as soon as possible to grow and become a provincial joint-stock commercial bank, and gradually move toward the country.

The third is to promote the construction of a regional financial center in Zhengzhou. In promoting multi-application of financial IC cards, through the establishment of Zhengzhou as the province's financial IC card promotion, application and management development center, to promote the further improvement of financial markets, financial services, and financial supervision systems, enhance the role of Zhengzhou's financial aggregation, and promote the growth of Zhengzhou's financial industry as soon as possible. As a pillar industry, it has become a regional financial center serving the Central Plains and the Midwest.

II. Suggestions for Accelerating the Development of Financial IC Cards At present, the People's Bank of China attaches great importance to the pilot application of multiple applications of financial IC cards, and several domestic provinces and cities have entered the stage of rapid development of pilot operations. As the province with the largest economy and population in the central and western regions, the bank card industry has developed rapidly in recent years. As of the end of 2009, the province issued 91.59 million bank cards; the migrant worker bank card service business has ranked first in China for many years in a row. However, the development of financial IC cards is slow. Except for Anyang, which issued the “Yin Shang Card” in 2010 and the promotion of financial IC cards in the public service sector, the province has not yet had a unified plan, and other regions have not yet promoted it. We should actively carry out research and planning to accelerate the development of multiple applications of financial IC cards in the public service sector.

(I) Clearly define the goals and tasks. According to the economic and financial foundation of the province, regional integration, and the development of bank card industry, the application of financial IC cards in public services in Henan should be aimed at accelerating the process of social information, improving the efficiency and level of public services, and building a service-oriented government. Follow the principles of government-led, market-based operation, unified planning, preemptive trial, and summarization and promotion, formulate master plans as soon as possible, establish leadership coordination mechanisms, select individual cities for pilot promotion, and implement pilot city financial IC card applications in 2 to 3 years. "Forms a set of experiences that can be replicated and promoted. Based on the pilot project, we will actively promote the development of multi-application financial IC cards to cities, counties, towns, and villages, and develop in various areas of production and life. We will achieve “one card” in the province within five to eight years, so as to provide both administrative services and public services. The financial IC card with a small amount of fast payment function has become an important payment tool for everyday life.

(b) Active pilot progress. In order to ensure that the pilots achieve progress and effectiveness as soon as possible, the city of Zhengzhou, the provincial capital with the largest city, population scale, economic and financial strength, public service infrastructure, commercial development level, bank cards, credit card issuance volume and transaction volume, all ranking first in the province as a pilot city . First, the leading group for the promotion and application of financial IC cards, consisting of the Zhengzhou Financial Office, the People's Bank of China, UnionPay, and other departments, was established to lead the pilot work, identify the Office of Finance as an office, and specifically be responsible for the establishment of financial IC card operations and management agencies, and project implementation. Resource integration and other work. Second, a multi-application financial management IC card company is established to provide daily management and services for multiple applications of financial IC cards. Third, Zhengzhou Bank is determined to be the first wholesale card bank, and other banks are gradually encouraged to take part in the issuance, operation, and fund management of financial IC cards. Fourth, determine areas such as public transport in Zhengzhou, taxi passenger transport, education, and micro-payments as an entry point, and gradually promote application and development in various fields. In accordance with the principle of "going to be difficult, starting from childhood to childhood," combined with the fact that Zhengzhou, as a national commercial and business city, is well-developed by public transportation and commerce, it is promoted from the fields of public services such as public transportation and small-scale payment for commercial shopping. Social security, health, culture and other government public services will be incorporated into the financial IC card system to realize payment settlement, information inquiry, and other value-added services to achieve one-card multi-function.

(C) gradually and comprehensively promote. In summing up the use of pilot experiences, financial IC cards were promoted to cities, counties, townships, and rural areas across the province, and gradually achieved regional interoperability and the province's "one card." The first is to promote the provincial capital to other central cities and gradually extend it to the county and townships. The second is from cities to rural areas. Taking full advantage of the off-line trading of financial IC cards, rural financial institutions are encouraged to participate and gradually promoted from urban areas to urban suburbs, rural areas, and remote mountainous regions. The third is the promotion of decentralized, small-scale commercial applications, and government services in areas such as the application of large-scale commercial organizations and general public services. Based on popularization and application of large-scale commercial establishments, medical services, social security and other universal public service areas, it gradually spreads to small and scattered areas closely related to the production and livelihood of the masses, such as wholesale and grocery markets, to quality supervision, taxation, inspection and quarantine, etc. extend.

The fourth is to promote the “one card” in the province to the province’s “one card”. Gradually networked the city's financial IC cards and eventually realized a card to travel throughout the province.

(d) Give policy support. The first is to combine the strategy of the Central Plains Economic Zone and the “Twelfth Five-Year Plan” of Henan Province to incorporate the multi-application of financial IC cards, and to implement the medium and long-term development plan of Zhengzhou City, the integration strategy of Zhengzhou and Chongqing, and the strategy of the Central Plains urban agglomeration to promote The financial IC card project has started rapidly in the province. Second, in the process of industrial resource integration, all relevant departments should provide policy support and convenience in the areas of opening of industry standards, transfer of state-owned assets, payment of taxes and fees, and business registration. The third is the multiple application and development of financial IC cards. It should provide appropriate financial support for the technical transformation and upgrading of financial networks and equipment systems and the research and development of new products. Fourth, for the issue of tax and fee for selling unregistered e-wallet cards, special invoices will be issued. The sales commission will be used as the tax standard instead of the total amount of electronic wallets sold. Fifth, it is clearly stipulated that in the area of ​​popularization and application, cards with similar functions as financial IC cards will no longer be issued, and non-bank electronic wallets such as commercial consumer cards will be prohibited from being issued.

(e) Strengthen the interest constraint. In accordance with the market principles, the multi-application promotion and operation mechanism of financial IC cards for cooperation, win-win and risk sharing has been established, providing internal motivation and mechanism basis for the successful application of financial IC cards and long-term stable development. We must rationally design cost accounting, benefit distribution, and risk-taking mechanisms, and in order to ensure basic balance of input and output, appropriate profitability, and ensure long-term quality service delivery, we must adhere to the principle of market to arrange the rights and responsibilities among participating parties. The signing of cooperation agreements can be used to ensure that the parties to the cooperation exercise their rights and obligations. For participants participating in the research and development, promotion, and operation of multi-applications of financial IC cards, they shall be jointly funded, share interests, and share risks. The principles of profit-paying, service-based charging, interest incentives, and mobilization of all parties shall be given to them. Reasonable fees and corresponding operating returns.

(6) Pay attention to the construction of the mechanism. Governments at all levels and competent authorities must effectively play an organizational and coordination role. Financial IC card multi-application engineering involves many stakeholders, many industries, a wide range, and a large time span. It is indispensable to establish a multi-level organization and coordination mechanism. Governments at all levels should establish leadership and offices composed of relevant departments, and all industries and systems must establish a system for promoting and applying this system. To establish and improve the management and operation systems at all levels, the provincial government is responsible for formulating the basic system for the development of the province's financial IC card. Local governments are responsible for formulating specific programs and management systems for the region. Each department and industry sets the industry and system business standards. Standardize, and gradually form an institutional system, leadership coordination, interest distribution, technical standards, management and supervision systems. The governments at all levels and the competent departments must shoulder their responsibilities, cooperate closely, and do a good job of supervision and management at all levels.

(seven) accelerate scientific and technological innovation. The construction of financial IC card industry application system is a complex system engineering and needs to be achieved through technological innovation. To speed up scientific and technological innovation, while actively introducing advanced technologies, we must pay attention to digestion and absorption, independent research and development, and joint technological research. The first is to strengthen cooperation. The project participants of the People's Bank of China, UnionPay, the financial IC card operations management company, card issuing bank, and related technology vendors, etc., shall actively cooperate with the technical research group to jointly research and develop while actively performing the technical research and development of the department and the unit. Difficult problem. The second is to grasp key points and key links, and focus on conquering technical problems, especially the upgrading and transformation of the UnionPay IC card payment system and issuing bank system. The third is to combine the actual situation, pay attention to technological transformation, increase the utilization of stock resources, reduce the investment in communication equipment and technology, and actively develop standard interpretation and technical development training for commercial banks, UnionPay commerce, industrial machinery manufacturers, and related industry organizations to maximize the use of Its own strength, effectively reducing the cost of technology upgrades.