The rejection of the chip card magnetic strip transaction means that the magnetic strip of the chip magnetic strip composite card can no longer be used.
Because at present, according to the relevant requirements of the People's Bank of China, domestic banks have completely stopped the magnetic stripe transactions of magnetic stripe chip composite cards. If the terminal equipment has not undergone chip card acceptance transformation, it will not be able to accept your composite cards. Please choose a terminal that can accept chip cards to complete the transaction, so as to ensure the security of transaction funds.
After the implementation of the new policy, the composite card unified through the chip transaction, the security of the amount payment transaction will be significantly improved, in order to minimize your card inconvenience, it is recommended that you can hold a valid ID card, bank card to the issuing bank network to inquire card information, timely replacement of the chip card.