With the joint efforts of PBC, commercial banks, CUP and relevant departments, the “three-one-four” objective for building a national bankcard network was achieved. In 2003, the network covering prefecture-level (or higher) cities has been basically set up, and in 2004 the network gradually covered some economically developed counties. So a nationwide bankcard network has been basically formed.
A uniform business and technical standard has also been formulated. The promulgation and implementation of Business Standard for Bankcard Network, Technical Standard for Bankcard Network, the Information Format and Usage Standard for Bankcard Magnetic Stripe information, the Standard for Financial IC Card (2.0) provides the basis for the national integrated network.