It supports the online transaction authentication for three brands, including Visa Secure (formerly Verifi ed by Visa), Mastercard SecureCode, and JCB J/ Secure. The service is equipped with comprehensive functions and has passed the audit conducted by the assessment institution that is designated by the Payment Card Industry Data Security Standard Council (PCI SSC). and introduced the “Risk-Based Authentication (RBA)” function to provide online transaction authentication services with safety, convenience, and risk assessment to cardholders of card issuing institutions. To enhance security for credit card online transactions and improve the service quality provided to cardholders by card issuing institutions, NCCC established the “EMV 3DS – ACS (Access Control Server) Authentication Service for Online Transaction Security” for international credit card associations such as Visa, Mastercard, and JCB that complied with EMVCo.
Cardholders Online Transaction Authentication Service Even with the increase in the demand of the Stay-at-Home Economy, the overall transaction volume showed a decrease as compared to the same period last year.ģ. Therefore, the transaction volume for installment payment arising from the five major industries recorded a decrease of 21.03% in aggregate as compared with the same period last year. The decrease in transaction volume and number of transaction for installment payment during 2020 as compared to the same period last year was due to the effects of border control and pandemic prevention measures for the access to eight types of public venues implemented for duty-free merchants, the tourism industry, aviation industry, large-scale department stores, and supermarkets.
Number of Transactions: The number of transactions for installment payment was 10,775 thousand in 2020, representing a decrease of approximately 9.40% as compared to 11,894 thousand in 2019 as shown in the figure below:ģ. Transaction Volume: The transaction volume for installment payment amounted to NT$120,900 million in 2020, representing a decrease of approximately 14.4% as compared to NT$141,100 million in 2019 as shown in the figure below:Ģ. The card issuing institutions and merchants participated in the installment payment operating platform.ġ. The installment payment merchants who link to the NCCC network provide the instant online installment payment function, allowing cardholders to pay the transaction amount of the consumption by making multiple installment payments for amounts recorded on credit card statements afterward. In response to the market needs, NCCC developed and established a common operating platform for both card issuing institutions and their installment payment merchant partners in 2004. Number of credit cards in circulation issued by NCCC members in 2019: 42,065 thousand.Ģ. Number of credit cards in circulation issued by NCCC members in 2020: 44,787 thousand. 【Cards in circulation refers to number of total cards issued less number of total cards cancelled.】
The number of cards in circulation showed a steady growth as NCCC members continued to work with new channels for the launch of credit card products, expanding consumers’ choices of use as shown in the figure below. Number of Cards in Circulation: The number of credit cards and debit cards in circulation issued by NCCC members totaled 60,745 thousand in 2020, representing an annual growth rate of 8.10% as compared to 56,192 thousand in 2019. VISA, Mastercard, and JCB Card issued by NCCC members. In recent years, the growing trend of card issuance has slowed down, and the number of cards in circulation has been growing at a steady pace. The card issuance continued to expand rapidly in the wake of the increasing maturity of consumers’ financial environment in Taiwan and the rising demand of citizens, together with marketing and promotions made by the NCCC member institutions. NCCC members issue Visa, Mastercard, and JCB cards. 1.Credit Card Issuing Business of NCCC Members
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