JCB has inked China CITIC Bank to issue the first JCB virtual cards for online shopping users.
CITIC is part of the major state-owned conglomerate CITIC Group. The bank has a nationwide branch network and solid customer base, including the wealthy segment, and is actively expanding its card issuing business.
China CITIC Bank has been steadily building JCB merchant network and cardmember base since establishing a partnership with JCBI on merchant business in 1991 and on card issuing business in 2011. The new virtual card adds to the bank’s existing JCB brand lineup of Standard, Gold and Platinum grade MS. MAGIC Card and the Ultimate Card, the highest rank Platinum grade designed for the affluent.
The new virtual cards derived from plastic cards have 4 advantages: immediately available after application for membership, the card usage limit in conjunction with plastic cards, purchase management for online shopping and secure and safe online payment. Customers can apply for up to twenty virtual cards per year via the internet, Wechat or smartphone app. A security code (CAV2) is set for each card to ensure secure payment for online shopping.
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