Recently, ICBC formally announced a new product to safeguard the security of E-Banking E-banking Code Card. Meanwhile, a 6-months special promotion was launched to give free Code Card for all customers to enjoy the convenience and security in using it. From August 10, 2006 till January 31, 2007, customer can get a free E-banking Code Card at ICBC business office with his/her legal identity document and the bank card registered in Internet Banking.
Code Card is a kind of dynamic E-banking password. On the Card is a matrix of character strings. When customers make payment through E-banking (Internet Banking or Telephone Banking) for outward transfer, B2C shopping or bill payment, E-banking system will randomly give a group of Code Card coordinates.
By locating characters on the card according to the given coordinates, customers can get a series of characters and need to input them in the E-banking system as a password. Only with a correct input of password, can the transaction be done. The coordinate is given randomly; therefore users get different passwords each time.
Password is void after transaction. In this way, the Code Card protects E-banking users from crackers' steal of their password and money in the account.
ICBC Person-in-charge mentioned that security of ICBC E-banking had already been in a leading position internationally.. In 2003, ICBC became the first bank in China to launch "USB-Shield" a national patented smart IC-based physical digital certificate under hardware encryption. Code Card launched this time is a new kind of E-banking security tool, for which full consideration is given on security and cost factors.
Compared with USB-Shield customers, customers using Code Card may be restricted by payment limit and functions to a certain extent, yet Code Card cost a lot less, and is very convenient to use with nice security. The ICBC person-in-charge also reminded customers to keep the Code Card in a safe place.
Do not lend the card to anybody and prevent others from making a copy or photo of it.
This ICBC person also remarked that ICBC will recommend all new customers of ICBC "Banking@Home" to get a USB-Shield or Code Card for maximum protection to their benefits by guarding against internet fraud targeting at online banking such as trojan virus, spoofed emails, bogus websites.
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In recent years, ICBC E-Banking gained wide recognition from its customers for its strong security and powerful functions. By the end of June this year, ICBC has been the top bank in China with 19.87 million Personal Internet Banking customers and 467,000 Corporate Internet Banking customers. In 2005, trading volume of ICBC E-banking reached RMB 46.8 trillion. In 2002, ICBC was awarded the "Best Corporate/Institutional Internet Bank in China" by Global Finance. From 2003-2005, ICBC won the title of "Best Personal Internet Bank of China" for consecutive 3 years. In 2005, in the "China Internet Industry Survey" conducted among Internet users, ICBC won the "Best Internet Bank" in the list of "China Top 50 Internet Industry Brand". And again in February this year, ICBC Internet Banking won the crown of "Internet Banking Evaluation" launched by Hexun.com.
