Many big banks stop scanning QR codes for depositing polarized ATM QR codes. With the popularity of “scan code payment”, in order to comply with consumers’ payment habits, many banks have rushed to launch the ATM “scan code deposit and withdrawal” function. However, many banks have recently stopped ATM QR codes one after another. deposit business.
Many big banks stop Scanning QR codes
On September 12, a reporter from Beijing Business Daily found that China Construction Bank, Bank of China, China Guangfa Bank, and China Merchants Bank Qian’an Branch have closed the ATM QR code deposit function. While some banks are “withdrawing” from the ATM QR code deposit business, some small and medium-sized banks have only newly launched related services this year.
In this regard, analysts pointed out that the cardless deposit and withdrawal business is part of the digitization of the banking business, and each bank has succeeded in the process of digitization, so the progress of the ATM QR code deposit business is also different. However, in general, if other banks have safer and more convenient alternatives, it is expected that they will gradually follow up and close the “scan code deposit” function.
Many big banks stop ATM scan code deposits
Another bank closed the “scan code deposit” function. On September 12, a reporter from Beijing Business Daily noticed that after China Construction Bank, Bank of China, China Guangfa Bank, and China Merchants Bank Qian’an Branch successively followed up to stop the ATM QR code deposit business.
China Guangfa Bank previously announced that it will adjust the ATM QR code deposit business from September 3. After the adjustment, the ATM QR code deposit function will be stopped, and users can hold the bank card of the bank for ATM deposit or go to the bank’s business outlets for deposit business. Bank of China also began to adjust the ATM QR code deposit service on August 29. After the adjustment, the ATM card-free scanning code deposit function will no longer be used.
A reporter from Beijing Business Daily learned from customer service staff on September 12 that both China Guangfa Bank and Bank of China have stopped the ATM QR code deposit function. The customer service staff of Guangfa Bank said that in order to strengthen the prevention and control of financial risks and prevent them from being used by criminals, the bank has stopped the ATM QR code deposit function.
Bank of China’s customer service staff revealed that in order to strengthen financial security, the bank’s ATM card-free scanning code deposit function has been canceled, and only card-inserted deposits are supported.
The customer service staff of China Merchants Bank told the Beijing Business Daily that at present, ATM QR code deposits in Beijing are not affected and can still be used. Only Qian’an Sub-branch in Hebei has closed the ATM QR code deposit function.
Talking about the reasons why many banks have closed the ATM QR code deposit function one after another, Wang Pengbo, a senior analyst in the financial industry of Broadcom Consulting, believes that it is mainly due to the consideration of user usage and security. He said that at present, most of the users who use ATM deposits and withdrawals are the elderly, who are accustomed to directly using bank cards to handle related businesses.
At the same time, the operation process of QR code deposits is relatively cumbersome and the convenience of use is not enough. In addition, the ATM QR code deposit business may have loopholes in that the identity of the depositor cannot be accurately identified, and the relationship with the payee cannot be confirmed. The source and use of funds are concealed, which makes it more difficult for banks to monitor money laundering activities. For example, some criminals may use ATM scan code deposits to transfer funds to evade bank monitoring.
There are still local banks actively deploying
While some banks stopped the ATM QR code deposit business, some small and medium-sized banks only launched the “scan code deposit” function this year. A reporter from Beijing Business Daily noticed on September 12 that Guizhou Jianhe Rural Commercial Bank, Guizhou Sansui Rural Commercial Bank, Taijiang County Rural Credit Cooperative Association, and Hengfeng Hengtong Rural Bank in Jiangxi Province all belong to Guizhou Rural Credit Cooperatives. This year, the ATM QR code deposit business has been deployed.
According to the announcements made by Guizhou Jianhe Rural Commercial Bank, Guizhou Sansui Rural Commercial Bank, and Taijiang County Rural Credit Cooperative Association, following the launch of “Scan Code Withdrawal”, Guizhou Rural Credit Cooperative has launched the “Scan Code Deposit” function, click on the ATM.
The “No Card Deposit” on the machine can generate a QR code for the deposit. Use the “Scan” of the Qianlong Cloud App to scan the QR code generated by the ATM machine, enter the account number, and complete the face recognition before placing it on the ATM machine. Enter the deposit amount and complete the deposit. And Hengfeng Hengtong Rural Bank launched the ATM deposit and withdrawal function at the same time this year.
Regarding the reasons for the introduction of ATM QR code deposit function by small and medium-sized banks in some localities, Wang Pengbo pointed out that the cash utilization rate of Guizhou Province Rural Credit Cooperatives and Hengfeng Hengtong Rural Banks is higher in the development area, so there is still a need to facilitate ATM deposits and withdrawals. There is a certain demand, but it is also more conservative in financial services in the face of customer groups, and the popularity of “scan code deposits” is not expected to be too high.
”Cardless deposit and withdrawal business is a part of the digitization of banking business. Each bank has its own pace in the process of digitization, so the progress of ATM QR code deposit business is not the same.” Yu Baicheng, president of Zero One Research Institute, said, “However, In general, if other banks have safer and more convenient alternatives, it is expected that they will gradually follow up and close the ‘scan code deposit’ function.”
Regarding the development trend of subsequent ATM-related functions, Pan Helin, co-director and researcher of the Digital Economy and Financial Innovation Research Center of Zhejiang University International Business School, believes that the current use of cash is becoming less and less, and the functions of ATMs are becoming more and more comprehensive.
Real-name authentication of users is carried out by means of face-swiping deposits and withdrawals. In the future, if the digital renminbi is popularized, digital renminbi can be used instead of cash, and people’s overall demand for ATMs is gradually decreasing. Many businesses can be realized through smartphones, so in the future, many banks will reduce low-frequency functions on ATMs.