China Construction Bank Debit Card Transaction Volume Scores a Big Increase in the First Half of 2005

 

Since the beginning of 2005 the debit card transaction volume of China Construction Bank (CCB) has maintained a relatively rapid growth momentum. By the end of June, CCB’s debit card transaction volume has reached RMB51.9 billion, growing by 51.8% over the same period of last year.

In the first half of 2005 the monthly transaction volume of Dragon Debit Card has exceeded RMB 9 billion for 4 months consecutively, which is mainly attributed to the continuous improvement of Dragon Card use environment and service quality. To build a convenient card use environment, CCB makes continuous input in the Dragon Card network system construction to expand coverage. As early as in 2002 the bank has realized the inter-city deposit and withdrawal and real-time networking of consumption settlement in more than 300 large and medium-sized cities nationwide and became the first bank opening the bankcard inter-city transactions in Tibet. In recent years, in response to the rapidly increasing demand of Dragon Card holders for inter-city card transactions, CCB has been committed to improving the bankcard use environment and system upgrading. With the completion of Dragon Card network transformation and expansion of ATM functions, the success ratio of card transaction rises considerably. In addition, on the basis of risk control, the bank tries its best to simplify the transaction process and improve service efficiency. As a result, customer satisfaction is enhanced considerably.

As an important financial product of modern commercial banks, bankcard has become a priority business of Chinese and foreign banks. Currently CCB’s Dragon Card products cover both the credit card in line with internationally accepted standards and the debit card offering deposit, withdrawal and account transfer services. The Dragon International Card holders can enjoy consumption settlement at over 22 million merchants of the International Credit Card Organization in more than 200 countries and regions and withdraw local currency or make minor payment at over 700,000 ATMs and various member banks worldwide. With sophisticated functions and convenient and safe use, the bankcard products of CCB enjoy high prestige in the banking industry.