Smart Card Industry News
| Financialization wave will sweep using smart card applications |
| 时间：【2013-8-1】 共阅【】次 【打印此页】【返回】 |
|
Financialization wave will sweep using smart card applications According to statistical analysis, China's IC card industry kcal occupy about 80 percent of the market share, the largest of which communication is the IC card applications, the cumulative distribution of IC Qatar to more than 60 million cards, which accounted for a mobile communications IC card communication card needs about 80%. China is the world's largest smart card applications market. Widely used in the financial sector so that financial wave of smart cards even more obvious. Financial, social security IC card lead the development of the smart card industry Social security card, financial IC card is currently the industry is expected to grow over the core driving force: 2011 National Sales IC began 2.434 billion, an increase of 14%, achieved revenue of about 9 billion, an increase of approximately 11%. From the sales and growth structure, communication IC card industry sales accounted for 37 percent (900 million), due to the high base, coupled with the industry already mature, so the growth rate is generally maintained at about 10%, limited overall contribution to the industry. The social security IC card is currently the largest growth industry driving force, in 2011 sales of nearly 100 million, incremental over 5500, achieved revenues of about 1.3 billion, in increments of about 600 million. At present, the stock reached 3 billion bank cards, the annual circulation close to 500 million, coupled with higher prices, is expected to EMV bank card with the deepening financial IC card will be another sustained growth momentum of the industry. Bank financial IC card: inject lasting power for industry prosperity A financial EMV migration is a global trend Financial IC card can effectively reduce Weika fraud rate, while the rich diversity of banking value-added services: Compared with magnetic cards, smart cards, although the cost is high, but the card is easy to be copied, will be pulled Weika bank card fraud crime, and smart card independent computation, encryption and decryption chip CPU and storage capacity, the more the security of the magnetic strip card has improved considerably. After such as China Taiwan, Malaysia and other regions in the implementation of the migration of IC card, bank card fraud rate has dropped by more than 90%. Another value-added services and their potential application IC card is a magnetic stripe card can not be compared, IC can be achieved in the financial lending record, electronic wallets, micro-payment transactions and other functions quickly. In addition, it also supports personal information management, integration and loyalty programs. Therefore IC card can also become a co-ties between banks and other industries, so that both economic benefits, but also give users convenient, but also reduce costs. EMV migration has been a global trend: the global IC card migration has been implemented in countries and regions mainly in Europe and the Asia-Pacific region, Europe from the late 1990s started the IC card migration plan, England (completed in 2006), the fastest progress in France, all Europe on December 31, 2010 to complete the ATM machines and magnetic stripe card IC card migration, EMV penetration rate of over 80%. There are more than 14 Asia-Pacific countries and regions launched the IC card migration plan, China Taiwan, Malaysia, Japan, South Korea has been basically completed, other countries and regions in China, Hong Kong, Singapore, New Zealand, the Philippines is being implemented step by step. As of the end of 2011 China's financial IC card issuance at around 23 million, penetration rate of less than 1%, far below the level of 80% in Europe. 2, policy driven and financial security push EMV migration International experience shows that persecution and anti-fraud policy is the biggest motivation countries to accelerate EMV migration. According to statistics VISA multinational companies showed Weika fraud losses accounted for 68.94% of all bank card fraud losses. EMV migration from the path can be seen in the anti-fraud countries to accelerate EMV migration, one of the biggest motivation. The earliest risk in bank card fraud are concentrated in Western Europe to carry out, which is the first to carry out the migration of high fraud rates in France, Britain and other countries. Then turn to a lower risk of fraud, such as regional development Asia Pacific, Latin America and Central Europe, Africa, the Middle East and other regions extension, which reflects the various countries and regions EMV migration Weika original intention was to reduce fraud. Similarly rapid penetration of the oldest in Asia are Taiwan, Malaysia, and other bank card fraud highest crime rate areas. Stringent policy is another motivation to accelerate EMV migration. MasterCard and Visa EMV migration organization as the main facilitator in the global implementation of a series of incentive and punishment mechanism. Another international card organizations for the implementation of EMV migration plan a timetable, and in 2005 launched a "risk transfer" policy, under which, if Weika loss will be (issuers and acquirers in) not be a party to bear the loss EMV migration . To prevent risks, Eurasian Member States began to accelerate EMV migration. |