On June 28, IB announced on its official website that in order to ensure the safety of customers' funds, IB will stop the ATM QR code withdrawal service in mobile banking from July 10.
According to industry insiders, mobile banking ATM scanning code withdrawal is also a kind of cardless withdrawal. The reporter noted that recently, a number of state-owned banks and joint-stock banks such as Bank of China, China Construction Bank, China Everbright Bank, and China CITIC Bank have successively announced the suspension of cardless deposits and withdrawals.
It is understood that mobile banking ATM scanning code withdrawal is also a kind of cardless withdrawal, and its operation process is generally as follows, the bank's personal mobile banking customers use mobile banking to scan the QR code on any ATM machine in the bank, and complete the information interaction, to achieve the withdrawal operation.
Recently, a number of banks announced
Suspension of card-not-present cash withdrawals
Specifically, Bank of Communications will stop the appointment withdrawal service in the cardless withdrawal function of personal mobile banking from May 24. After that, customers can still withdraw money with a card, scan a QR code or go to the bank's business outlets to withdraw money through the bank's smart machines.
The official website of Bank of Communications
The Agricultural Bank of China announced that it will suspend the cardless withdrawal service from May 9. After the suspension of the above services, customers can handle cash withdrawal related business through other methods such as card reading withdrawal, palm bank scanning code withdrawal, face face withdrawal, etc.
The official website of the Agricultural Bank of China
Since May 17, China CITIC Bank has closed the cash self-service machine authorization code withdrawal function. Subsequently, users can still withdraw cash without a card (QR code withdrawal) through the bank's cash self-service equipment, or go to the bank's cash self-service equipment or business outlets with a bank card to handle cash withdrawal.
In this regard, Wang Pengbo, a senior analyst in the financial industry at Broadcom Analysis, believes that on the one hand, methods such as scanning code withdrawals and face brushing withdrawals have already been implemented and are more convenient; On the other hand, from the perspective of security, there are certain potential risks due to the time difference in the appointment for withdrawal, and the inability to confirm the relationship between the payee and the account holder at the same time.
Card-not-present deposit services have also been intensively adjusted
The reporter noticed that in addition to the adjustment of the card-free withdrawal service, the card-free deposit service was also intensively adjusted before, including China Construction Bank, Bank of China, Guangfa Bank, China CITIC Bank and other banks previously issued announcements saying that the ATM QR code deposit function was closed.
"Many banks have successively suspended the ATM QR code deposit function mainly for user use and security considerations." Wang Pengbo believes that most of the users who use ATM deposits and withdrawals are elderly, and this group of people is accustomed to directly using bank cards to handle related businesses, and the operation process of QR code deposit itself is relatively cumbersome, and the convenience of use is not enough.
At the same time, the ATM QR code deposit business may not be able to accurately identify the identity of the depositor, and the relationship with the payee cannot be confirmed. In addition, the concealment of the source and use of funds makes it more difficult for banks to monitor money laundering activities.
Wang Pengbo expects that banks will follow up and adjust the cardless deposit and withdrawal business in the future, and the bank deposit and withdrawal business should focus on security, while meeting the principles of identity verification and abiding by the unity of time and space.
Sources: Finance Associated Press, Nanfang +, Zhejiang News, Securities Times, Metropolis Express, etc
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