Prepaid Cards Worth More Than 10000 Yuan Must Be Real Name &Nbsp; Single Card Size Limit Five Thousand.

On the 23 day, the Legislative Affairs Office of the State Council on "single use"

Single use commercial prepaid card, which refers to the credit certificate issued by commercial enterprises in the form of pre payment, which cashed goods and services in the enterprise (Group) or the same brand chain enterprise, including the entity cards with magnetic stripe cards, chip cards, paper coupons and other virtual cards, as well as passwords such as passwords, serial numbers, graphics, etc., does not include prepaid cards for one-time payment of goods or services under 200 yuan.

For the purchase or repurchase of the 10 thousand yuan (or above) anonymous card, the draft is clearly stipulated that the card issuing enterprise should carry out the real name registration, including the time, place, card number and amount of the purchase card for the single use commercial prepaid card, and the relevant information needs to be kept for more than 5 years.

At the same time, the draft solicitation stipulates the situation of individual, unit and agent purchasing card (recharge) separately, requiring the name, identity card number and contact method of the relevant person to be retained.

Among them, the unit purchase of a one-time purchase amount of 5000 yuan (or above) or personal one-time purchase card amount of more than 50 thousand yuan (inclusive), the card issuing enterprises should pass the bank.

The draft stipulates that single use commercial prepaid cards shall not be used or used in disguised form for cash withdrawal, and shall not have functions other than payment of goods, services and recharge.

Card issuing enterprises shall not assist cardholders to cash in any form such as redemption.

The draft stipulates the limit of single purpose prepaid card. Among them, the single card's capital limit is 5000 yuan (inclusive), and the limit of single card is 1000 yuan (inclusive).

A registered card can be reported for loss without valid period. The bearer card must not be reported missing, and the validity period shall be no less than 3 years.

It is also required that the card issuing enterprise should specify the name of the prepaid card, the name of the issuing enterprise, the face value, the card number, the notices of the cardholder, the way of contact and so on.

For a single use commercial prepaid card that has surplus funds beyond the validity period, the card issuing enterprise shall provide the activation and replacement service, and the single use commercial prepaid card that can not be used normally by the cardholder, and the card issuing enterprise shall renew the new card.

If a card issuing enterprise terminates the acceptance of unexpired single use commercial prepaid card, it shall allow the cardholder to make free redemption of the balance of the prepaid card.

Business prepaid card management intensified

In May, the central bank and other seven departments issued the "opinions on standardizing the management of commercial prepaid cards", and made a series of regulations on establishing the real name registration system of commercial prepaid cards (divided into single use commercial prepaid cards and multi-purpose commercial prepaid cards).

At the same time, it was suggested that state personnel, especially leading cadres, should be prohibited from accepting any form of commercial prepaid cards in official activities.

Where a commercial prepaid card is not handed in according to the regulations, it shall be punished by accepting the same amount of cash.

Since then, the people's Bank of China issued public opinions on the management of prepaid card business in the payment institutions (Draft) in October 28th.