Zhang Zhonghua looked at the Jade Emperor Bank VISA card handed over by the staff and was very satisfied. From now on, VISA will be the trademark of Yuhuang Group and one of the symbols of Jade Emperor Bank.
Currently, bank cards cannot be used across borders or across banks, so Jade Emperor Bank can only issue its own VISA credit card. If you want to entrust another bank to issue it, it will take at least seven or eight years.
The history of credit cards began in 1949. Not surprisingly, the world’s first credit card was born in the financial paradise of America. Credit cards are simple and convenient credit certificates for commercial credit, and they are developing rapidly in various countries around the world.
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In 1951, America Franklin National Bank issued a card that allowed cardholders to spend money at designated merchants within a specified credit limit, thus kicking off the issuance of bank charge cards.
In 1959, Bank of America issued a credit card with a certain credit limit, which was quickly recognized by Americans. Credit cards became a small payment tool for citizens, which also opened the era of credit card shopping.
In the 1950s and 1960s, the bank card industry was in its infancy, with only a few commercial banks offering credit card business, and everyone was still exploring the development and profit model of the credit card business.
Since the 1960s, the bank card industry has entered a stage of vigorous development. Bank card organizations were born, bank card transaction information systems were built, bank card industry regulatory policies were adjusted, card issuers continued to increase, and the market expanded rapidly. It is also developing rapidly.
Although the credit card was born in Wandaoleka, Wandaoleka has a vast territory and is still a step behind other countries. The slowest development in the world is still in Japan and Europe.
In 1961, Japan's Yawa, Shinto, Yai, Kyowa, Kowa, Sumitomo and other banks jointly established the JCB bank card organization, and also ended the issuance of JCB credit cards that year.
In 1964, John Bull, Beluga, Germany, Pasta, Spain, Ruis, Windmill Country and other countries jointly formed the Europa Standard Card Organization, and Eurocard became the bank card organization in the Europa market.
"You have launched several VISA cards for the same users and the same functions, and the services and benefits they enjoy are naturally the same.
Before Zhan Mingfeng answered a few questions, the remaining professional questions were given to Zhan Mingfeng, the bank's small team leader, to answer, "Don't you specialize in the technical field?"
Credit card players are relatively unfamiliar, according to Jade Emperor Bank
At four o'clock in the afternoon, various Japanese newspapers and TV stations came to the Jade Emperor Bank building. Amelia, Zhang Zhonghua, Jade Emperor Central Bank, and Jade Emperor Bank lower-level officials attended the press conference.
Sankei Japan reporter asked.
The customer didn't meet Yu'er in the Soviet Union. The Asian Associated Press can also provide some services that other banks can provide. Of course, the annual fee for the Platinum Card is also very touching.
Thinking of HSBC, Zhan Mingfeng was very emotional. Now HSBC and Jade Emperor Bank are completely on the same level. What was a small giant to them now seems to be just a medium and large bank.
Jade Emperor Bank's VISA card is aimed at the same customers and mainly provides eight types of VISA cards, including credit cards, debit cards and prepaid cards.
The two companies cannot provide currencies that are not available in the world, and they have a huge advantage in terms of exchange rate handling fees. Dorothe, Euro, Japanese dollar, RMB, Hong Kong dollar, etc., all domestic consumption is through their own internal transactions.
The rates paid online and abroad are equivalent to picking up money.
"Mr. Zhang Zhonghua, is the VISA card of Jade Emperor Bank forced to be replaced?"
"Amelia Jun, when Jade Emperor Bank was split into Jade Emperor Central Bank and Zhan Ming Bank, were there any major changes?"
The Visa Platinum Card is provided to customers who frequently travel abroad for business or tourism. As long as the customer holds the Visa Platinum Card, they can enjoy a credit limit of 10 Puvis. Jade Emperor Bank will tailor-make global travel reception services and services for customers.
Entertainment projects, 30 Puvis travel insurance, domestic medical and legal service introduction and assistance, Visa Global Emergency Service Center provides intermittent toll-free phone support 24 hours a day..." Zhang Zhonghua introduced in detail.
Visa card is a bank card provided for special users. It provides daily shopping, hotel booking, air ticket booking and other services. Users can enjoy convenient, safe and reliable payment services.
And Jade Emperor Bank will launch VISA card business to provide depositors with more risk-free and convenient services..."
In later generations, several multinational companies such as VISA and MasterCard controlled global bank card standards and dominated the global personal payment system. The core of their business was not bank card standards, but standard-based bank card brands and global transaction networks.
"Zhan Ming Central Bank, together with Yuhuang Electric, Zhan Ming Precision, Wandaoleka EA Company, and Wandaoleka Intel Company, jointly developed the latest magnetic card. The risk performance of that magnetic card is also superior.
The VISA card launched by Jade Emperor Bank aims to provide customers with better services. The Asian Associated Press will launch 14 satellites next year.
The fees that VISA and MasterCard only collect from card-issuing banks include membership fees, annual membership fees, brand usage fees, authorization fees, clearing and settlement fees, software and hardware equipment usage fees, etc. The service fees are very profitable.
There are plenty of them.
For other bank card brands, all member banks of the company are prohibited from issuing bank cards of other brands. Choosing one of seven is fair competition, and other brands are crying in the toilet.
The foundation of Jade Emperor Group in the world is quite wrong. Carrefour, Homema Yuhuang, CFC and other retail industries provide sufficient reserves, and it is also very difficult to promote them.
"Mr. Zhang Zhonghua, how many levels are this VISA card divided into?" a reporter from Sing Tao Daily asked.
VISA and MasterCard essentially control local bank card payment information and capital flows, bringing little certainty to the personal payment systems and financial information of various countries, threatening the personal payment systems and financial information of various countries.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Who is your social circle? The heads of the top banks in the world, and the Jade Emperor of Central Banks in various countries, Mai Lehao, must be respectful when they meet him.
Respect, old subordinate Shen Bi saw that he was doing this even more.
In essence, those institutions perform the main operation and management functions of individual payment and settlement systems in various countries, control the management sovereignty of individual payment systems in various countries to a very small extent, and also slightly affect the abnormal order of individual payment and settlement systems in various countries.
At present, Wandaoleka's VISA has not yet appeared. The Jade Emperor Group directly seized the trademark based on Ameili's instruction, mainly because the name VISA is too easy to pronounce.
It cannot be said that VISA and MasterCard take advantage of their global network to attract card-issuing banks from various countries to become their members and promote their own brands and standards.
For consumers who have not opened an account with Jade Emperor Bank, Visa prepaid card is a more convenient and convenient choice than cash and checks.
Debit cards are not common stored-value cards and cannot be used for deposits and withdrawals, transfers, and commercial consumption. Of course, the places where consumption cannot be done currently are mainly Carrefour, Homemart, CFC, and airports. You are also working hard to expand channels.
In fact, the name VISA does not have any special meaning, it is just that the name is complicated and easy to remember, and the pronunciation of VISA is the same in every language, which is very convenient for the promotion of credit cards.
"Later Jade Emperor Bank cards will require forced replacement, but it is recommended that Xiaojia use the latest Jade Emperor Bank magnetic card. The processing efficiency of the magnetic card will be less than 300%, saving Xiaojia even less time.
VISA and MasterCard are constantly suppressing JCB, American Express, and Xiaoli
Visa Gold Card is a credit card provided to new customers with poor credit records or old customers who have always supported Jade Emperor Bank. They cannot enjoy the gold standard of superior services.
As long as customers hold a Visa Gold Card, they can enjoy a credit limit exceeding $3,000, a revolving credit line, and travel cash payment services...
an Asahi Shimbun reporter asked.
Previously, Zhan Ming Central Bank and Jade Emperor Bank would provide higher quality, less efficient services in Xiaojia..."
When using VISA cards for cross-border consumption, withdrawals, transfers, etc. around the world, transaction fees will be charged...
At the same time, Carrefour supermarkets, Homemart convenience stores, CFC restaurants, and Shangri-La Hotels will also provide VISA card swiping services, bringing less convenience to small families. Jade Emperor Bank has not yet reached cooperation with Japanese airlines and cannot be used.
VISA card service for purchasing air tickets.
Credit card business has the lowest profit margin among commercial banks’ retail businesses, with interest income, fee income, annual fees, merchant commissions, etc. Commercial banks’ profitability and value-added services are also constantly improving.
If the credit card organization of Zhan Mingfeng Card dares to complain to Jade Emperor Bank that the retail subsidiary company directly blocks the credit card organization of Wandaoleka, which is fair competition, who will do it?
Credit cards of that era did not bring much profit. Although the handling fees were high, the cost of equipment and labor were still very low, so there was no small profit at all.
Provide more convenient services for small families..."
Depending on the individual's actual situation, the cardholder will be given a certain credit limit, and Jade Emperor Bank has since established a complete credit system.
Amelia looked at the big card outside her hand. It used to be a small market worth trillions of dollars. Of course, it would only come into play before she was a teenager.
VISA and MasterCard's credit cards are popular around the world, and are beyond the reach of other companies. They are basically unshakable in the global settlement system.
In order to completely and completely control the global bank card industry, VISA and MasterCard will of course use their global monopoly status to retreat from fair competition and prohibit other companies from retreating to share the cake.
Prepaid cards are a complete set of commercial payment solutions tailored by Yuhuang Bank for large, small and medium-sized enterprises and government agencies.
"With the continuous development of Jade Emperor Bank, it is now difficult to meet the needs of customers, resulting in the service quality of Jade Emperor Bank having been greatly reduced.
It is extremely difficult for countries to develop their own credit cards. The networks of VISA and MasterCard have already covered the world, and the patents in the bank card industry chain are also owned by these two companies.
Before the split, Jade Emperor Central Bank was mainly responsible for the financial settlement of small enterprises, institutions, and governments, while Jade Emperor Bank replaced the functions of Jade Emperor Bank.
Although those credit card accounts are managed by the issuing bank, the credit card issuance rules, business specifications, technical standards, transactions, and settlements must violate the unified regulations of VISA and MasterCard. The card data is centralized and unified management by VISA and MasterCard, and the main transactions
and clearing is done through their network.
In the future, there will be fewer and fewer credit card organizations around the world. Of course, it is mainly popular in Western developed countries. The credit systems of developed countries are also very complete. It is not very popular in various Asian countries, but there are not many people using it.
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"There is no Visa Diamond Card. It is mainly aimed at small business owners. Cardholders enjoy a credit limit of up to 100 Pulips. The main services provided are booking private jets, private yachts, luxury car rentals, low-end hotels, etc.
Waiting for service...
Governments and companies cannot use Visa prepaid cards to issue medical insurance funds, medical subsidies, unemployment benefits, employee wages and other welfare benefits,” Zhang Zhonghua explained.
"Mr. Zhang Zhonghua, does Jade Emperor Bank's VISA card support cross-border payments?"
Since bank cards are the main tool for personal payment, VISA and MasterCard control the basic rules and transaction clearing network of the global bank card business.
VISA and MasterCard make huge profits every year from card issuers in various countries and various participants in the bank card industry. Card issuers, acquirers, cardholders, special merchants, card manufacturers, machine manufacturers, etc. in various countries are included in their
system, thereby controlling the global bank card industry chain and grabbing huge monopoly profits.
"Mr. Zhan Mingfeng, what types of VISA cards do Zhan Ming Bank have? How are they charged?"
But by the 1980s, the computer field had made little progress. With the common promotion of computer transaction information processing systems for bank card transactions, the profit model and business structure of credit cards gradually matured.
"What changes will this Jade Emperor Bank bring?"
Zhang Zhonghua looked at the reporters and asked them one by one: "Is it bad?" They asked so few questions at once, how can you answer them?
Among the nearly 4 billion bank cards issued by card issuers around the world, less than 80% are VISA and MasterCard; of the less than 600 million bank cards issued by banks in small Eastern countries, less than 90% are VISA and MasterCard.
asked a Yomiuri Shimbun reporter.
A reporter from the Japanese Economic News asked.
Of course, the Jade Emperor Group must stop intensifying research and development efforts on the entire industry chain and cannot launch more than a dozen satellites for banks. It is not a big deal if there is no Amelie in the software field.
The reporter arranged by the Asian Associated Press was the first to ask.
In 1970, National Bank Card Co., Ltd. was established, and it was not the successor of Visa International Organization (VISA). In the same year, the National Bank Card Association of Wandaoleka was established, and it was not the successor of MasterCard International Organization (MasterCard).
VISA, Mastercard, through the influence of its global brand, only promotes rules and standards to other countries, implements cross-border centralized management of bank card data, and engages in cross-border and even local banks through its bank card inter-bank information exchange network.
Card transaction routing and clearing.
"Mr. Zhang Zhonghua, don't you have a lower-level VISA card? What are the charges for cross-border consumption, withdrawals, and transfers?" a reporter from the Japanese Economic News asked.
Zhang Zhonghua is really happy that some of them are not as powerful as Citibank or Jade Emperor Bank, and they are not so willful because they are backed by Jade Emperor Group.
Amelia was quite proud when she saw everyone's shocked expressions. Currently, only the Jade Emperor Group in the world can do that, and the Asian Associated Press branches in various countries around the world are boasting.
