Foreign bank cards in fraud on blacklist - ResearchInChina

Date:2008-08-14liaoyan  Text Size:

THE People's Bank of China, the central bank, will blacklist foreign bankcards found involved in fraud cases, as part of efforts to curb bankcard crimes and create an Olympics-friendly payment environment.

The blacklist of suspects would help the card issuer banks, merchants and other agencies to stop service for them, Ouyang Weimin, director general of the Payment and Settlement Department of the People's Bank of China, told a press conference yesterday. But he did not say whether any cards have been blacklisted so far.

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