International card has denied blocking access outside CUP.

<P> As an international one of the largest payment and settlement organizations, Visa (Visa) I am afraid that all aspects of unexpected, a piece of paper "internal regulations" in the Chinese bank card market, the waves stirred up so much. .</ P> <P> According to several media reports, Visa member banks to send a letter to the world, said outside the mainland of China with both countries accepted and the CUP logo Visa dual currency credit card, whether credit card spending or cash withdrawal ., CUP cardholders are not allowed to take the liquidation channels. .Otherwise, Visa acquiring bank will be subject to heavy penalties. .</ P> <P> In fact, Visa acquirer stated in terms of "discipline" is not a recent move. .According to regulations, any credit card number to "4" at the beginning of the credit is belong to Visa's payment network, a credit card, the acquirer can only use the Visa payment system. .Learned that from 2007, Visa has repeatedly sent letters to each acquirer to require strict accordance with the regulations enforced. .</ P> <P> a bank card industry, said acquiring banks and merchants overseas frequently violation is an open secret. .Miss Lee in Hong Kong often travel to visit the major shopping department stores, almost always hear the cashier "friendly" reminder: "What is to Brush Visa or CUP?" Miss Lee firmly stated in the "CUP", the cashier will .She immediately took the hands of "double identity" of the credit card, select "CUP channel" liquidation. .</ P> <P> in the Central University of Finance and the China Banking Research Center, Guo Tian Yong seems, Visa and CUP game between the already carried out quietly. ."Visa invest a lot of the cost of cultivation of China's bank card market, but not actually profitable domestic market is basically controlled by CUP, Visa card abroad depends mainly on the profitability of this part." Guo Tian Yong said. .</ P> <P> However, the "Lord CUP, Visa Master outside" the default in the market in recent years is with the CUP's overseas expansion has been broken. .The successful expansion of the Southeast Asian market, the CUP network in Europe is also increasingly powerful. .</ P> <P> experts said, Visa and CUP "parallel" may become the future trend in consumption abroad. ."There CUP network in the countries and regions, consumers do not hold dual currency credit card, only ordinary domestic debit card can consumption; and some business people to the country more prepared is essential for a Visa card .The. "Guo Tian Yong recommendations. .Eastern IC for map </ P> <P> Visa: not "block" CUP </ P> <P> for Visa "block" Bank of the said yesterday, Visa International, head of public relations to clarify the first time .. ."We do not and will not 'block' the beginning of the CUP CUP 622 standard card outside the clearing channel. Any number of 4 words at the beginning of the card BIN and ISO International Standards Organization has been registered under the Visa card. When a .financial institutions decided to join the Visa system, Visa will provide a written his letter of commitment to confirm that he was a Visa member banks will be full compliance with Visa's operating regulations. We are only asking for 4 Heading overseas acquirer's Visa card to go .Visa network, emphasizing the implementation of our operating rules and regulations. "the official said. .</ P> <P> and some reports said the Visa to time under each acquirer, "Doomsday", must be before August 1, "rectification", Visa said that this area existed. ."Brush must be Visa Visa card payment system, which is our usual requirements for acquiring banks." </ P> <P> CUP: to develop outside the network </ P> <P> between the CUP and the overseas Visa ."channel" on the other, CUP side said "inconvenience to respond." .Responsible person also said that CUP has been vigorously developing its own payment network overseas. .According to the person in charge, now extended to the CUP network has been frequented by British and Chinese in Southeast Asia, Europe, the Americas, countries and regions. .</ P> <P> consumers: the election to save money benefits CUP </ P> <P> "said CUP cards can save 1-2% of the fee, of course I would choose CUP." Miss Li said the consumer .. .She forget T account, his last month in Hong Kong bought a LV bag costs more than 5,300 Hong Kong dollars. ."CUP cards can save nearly hundred dollars of fees, why not?" And for many merchants and acquirers, the "recommended" CUP is also out of economic considerations. .</ P> <P> ■ News Links </ P> <P> outbound best to carry two cards </ P> <P> "I want to enjoy the cheap credit card charges, is not afraid of CUP cards in some places ., how do? "questions for consumers, the banking industry," Weapon ": consumers can carry a single outbound currency debit cards, Visa and the CUP again with a" double identity "of the credit card. .</ P> <P> According to reports, any card number to "4" at the beginning belong to Visa bank card payment network, outside the settlement need to use Visa settlement channels. .Because when using the Visa payment system, credit card spending in non-dollar countries, and repayment, the need for currency exchange, so cost is higher than the CUP channel. .And substituting "622" at the beginning of the bank card is "only" the CUP card, where the network outside a CUP can be used. .However, the Visa network coverage than the CUP, overseas use of more "insurance." .</ P>.