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ICBC Upgrades Online Bank System

The Industrial and Commercial Bank of China (ICBC) has upgraded its online bank system, adding four new services.

Those services include micropayments, information verification, account management on a nationwide basis and automatic loan payments.

Among the four, the type of information verification that ICBC has installed is reportedly the most comprehensive measure ever taken by a Chinese bank to testify users' authentication.

In addition to the above services, ICBC has also added such new functions as C2C online payments, corporate online time deposits and corporate e-transaction billing.

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