Bank cards can not be used, display the use of chip cards, meaning that ordinary bank cards can not be used, to upgrade to chip cards, in order to operate.
Ordinary bank cards are cards with black magnetic stripes behind, according to the relevant national regulations, magnetic stripe bank cards were stopped in 2015, and unified chip cards, chip cards are more comprehensive in function, and more secure, anti-crack function is strong. Due to the issuance of chip cards, the corresponding bank card reading system will also be upgraded, after the completion of the upgrade, the previous magnetic stripe card can not be read smoothly, resulting in normal use, only in exchange for the corresponding chip card, in order to resume normal reading, handling related business.
Chip card, also known as IC card, refers to the chip as a transaction medium card, its working principle is similar to a microcomputer, can have a variety of functions at the same time, high security. Chip card has become the development trend of global bank cards, there are two chip card standards on the market, one is the EMV standard which is widely used internationally, and the other is the PBOC2.0 standard of the Central bank. From 2015, Chinese banks will stop issuing magnetic stripe cards and only issue chip cards.
This is because the card chip failed, there is no induction, can not be identified. If it is also the case at another cash machine, you need to bring your ID card and bank card to the bank branch counter to change the card.
The central bank recently issued the Notice of the People's Bank of China on Further Strengthening Bank Card Risk Management, proposing that \"since May 1, 2017, the magnetic stripe transactions of chip magnetic stripe composite cards will be completely closed\
That is to say, from May 1, 2017, the bank magnetic stripe card can not be brushed, must go to the counter for a new chip card.