The difference between magnetic stripe card and chip card: high security, the information of financial IC card is stored in the smart chip, the information in the card is difficult to copy, coupled with multiple transaction authentication process, can effectively protect the security of funds; Fast and convenient, in addition to all the functions of the magnetic stripe card, the financial IC card can also make small and fast payments; A multi-purpose card, financial IC card supports multi-industry application functions, can be used in social security, transportation, medical care, education and other public fields.