CBRC Strengthens Acquiring Management to Prevent Credit Card Cash-Out_ China Credit Card Cash-Out

by snakeszf1 on 2009-03-13 12:46:47

Businesses applying to banks for a POS machine may in the future be subject to stricter examination by banks when accepting payments. This is to guard against credit card cashing. Not only that, the CBRC has recently issued a "Notice on Further Strengthening Bank Card Services and Management Related Issues" which stipulates that credit card crime should be actively prevented and the safety of card users protected.