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| Tags: bank, bankcards, blacklist, central, china, foreign, fraud, involved |
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08-13-2008, 10:30 PM
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China central bank to blacklist foreign bankcards involved in fraud
The People's Bank of China, or the central bank, will blacklist foreign bankcards found involved in fraud cases, as one of the country's efforts to curb bankcard crimes and create an Olympics-friendly payment environment. The list would help the card issuer banks, merchants and other agencies to stop service for suspects, Ouyang Weimin, director general of the Payment and Settlement Department of the People's Bank of China, told a press conference on Wednesday. But he did not say w ...
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