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Bank Card Acquiring

The Bank Card Acquiring Service includes RMB card acquiring and international card acquiring.

RMB card acquiring refers to RMB card transaction processing and funds settlement service that ABC outlets provide to chartered merchants, with a service fee charged against a specific proportion or amount. 

International card acquiring is a service in which ABC outlets process consumptions and cash withdrawals executed with foreign currency credit cards and debit cards issued by overseas banks or credit card companies through such channels as chartered merchants (including Internet merchants), banking outlets, and self-service equipments.

1. Accept card-based transactions. ABC provides chartered merchants with POS terminals and training. Chartered merchants request cardholders to sign and confirm when accepting card-based transactions.
2. Funds Settlement. ABC makes timely funds settlement with chartered merchants pursuant to an agreement. Related services include inquiry, reconciliation, recovery, refunding, and other related services. ABC reverses any erroneous payments and notifies merchants of reversals in a timely manner. 

Application Channels
ABC outlets offering the service.

Note: Please contact your local branch for detailed information about the service.

Customer Service Center : 95599


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