Is there any restriction on overseas swiping of Industrial and Commercial Star Card?

Does ICBC need to enter a password for overseas credit card consumption?

ICBC needs to enter a password for overseas credit card consumption.

Relevant provisions of China Industrial and Commercial Bank on credit cards:

1. Ensure the non-repudiation of trading behavior and business. When there is a dispute between the two parties in online transaction, especially the dispute related to payment and settlement, the system can ensure the non-repudiation of related behavior or business. The online payment system must generate or provide sufficient evidence in the transaction process, so as to quickly distinguish right from wrong in disputes, which can be achieved by digital signature and other technologies.

2. Dealing with multilateral payment of online trade business. Payment and settlement involve customers, merchants, banks and other parties. The transmitted purchase information and payment instruction information must also be connected together, because the merchant will only continue the transaction after confirming some payment information, and the bank will only provide payment after confirming payment.

In order to ensure security, merchants cannot read customers' payment instructions, and banks cannot read merchants' purchase information. This multilateral payment relationship can be realized by using the technology provided by the system, such as double digital signature.

3. Improve payment efficiency. The procedures and processes of online payment are not complicated and the payment efficiency is very high.

4. Handling the receipt and payment of funds for temporary business activities of temporary institutions and depositors. Withdrawing cash from a temporary deposit account shall be handled in accordance with the relevant provisions of the state on cash management. The scope of opening a temporary deposit account includes the establishment of temporary institutions, temporary business activities in different places, and verification of registered capital.

5. The depositor's daily business activities, including the receipt and payment of funds and the withdrawal of wages, bonuses and cash, should be handled through this account. The general deposit account is used to handle the deposit of depositors' loans, repayment of loans and other settlement funds. This account can be used for cash deposit, but not for cash withdrawal.

Therefore, ICBC needs to enter a password for overseas credit card consumption.

Extended data:

Functions of ICBC Credit Card:

1, feedback function

CCB card transmits and reflects the economic information generated in the exchange activities to the exchange parties, which is the feedback function of the market. In market exchange activities, commodity buyers and sellers constantly input production and consumption information. This information is transformed by the market and fed back and output in a new form.

The forms and contents of CCB card information are varied, which can be summarized as the visualization of commodity supply capacity and demand capacity in the market, and the prediction of the changing trend of market supply and demand. Its essence reflects the allocation ratio of social resources in various departments.

The information feedback function of CCB card can provide an important basis for national macro-economic decision-making and enterprise production and operation decision-making: on the one hand, the state can judge whether the proportional relationship between various departments of the national economy is appropriate according to the information feedback of the total market commodity and its structure, and plan and adjust the distribution ratio of social resources in various departments accordingly;

On the other hand, enterprises can also judge and predict consumption preference and demand potential according to the information feedback of commodity market sales, so as to determine and adjust the business direction of enterprises.

With the improvement of social informatization, the information feedback function of the market will be strengthened day by day.

Step 2 Adjust the function

Regulation function means that the market can automatically adjust the operation process and basic proportional relationship of social economy under the action of its internal mechanism. As the carrier and realistic expression of commodity economy, market is essentially the realization form of the law of value. The law of value is transformed into the internal mechanism of economic activities through price, supply and demand, competition and other forms.

The market mechanism automatically regulates the whole process of social production, distribution, exchange and consumption by means of price adjustment, supply and demand adjustment and competition adjustment. For example, adjust the allocation of social resources between departments and enterprises and the composition of the total amount and types of products produced; Adjust the distribution of interests among market entities;

Adjust the total supply and demand of commodities in the market and the supply and demand structure; Adjust social consumption level, consumption structure and consumption mode. On the basis of the above adjustments, the basic social and economic proportional relationship will be automatically adjusted. Regulation function is the most important function with core significance in the market.

Baidu Encyclopedia-Industrial and Commercial Bank of China

Official Website of China Industrial and Commercial Bank-Credit Card Charter

Baidu encyclopedia-credit card