The Digital Source For China's Tech Innovation Since 2000

Search
Close

25 Banks Begin Adopting Digital Certificates

November 21, 2005
Business

Twenty-five Chinese banks this past week signed the "Digital Certificate Cooperation Agreement" with the China Financial Certification Authority (CFCA), a third-party certification organization, agreeing to adopt the latter's digital certificate for their online banking services.

From now on, users can apply for such a digital certificate from any of the 25 banks, and the certificate will not only ensure their online transaction security, but also allows unlimited sums for their online payments.

In addition, CFCA will compensate users if their account funds have been stolen. According to Li Xiaofeng, general manager of CFCA, CFCA will compensate enterprise users as much as CNY800000 and individual users a maximum of CNY20000 upon such cases.

Tags: agreement | bank | banking | certification | China | China Financial Certification Authority | Chinese | digital | enterprise | finance | financial | general manager | online | online banking | online payments | Security

Other Related News:

Sina.com Posts Q1 Results, Shuffles Executive Team

May 9, 2006

Dangdang.com Plans To Open More Retail Outlets

December 12, 2005

China Cuts Celtics-Knicks Game Stream Amid Enes Kanter's Comments 650 KENI

October 22, 2021

Apple moves order from Foxconn to Luxshare over $275 deal with China: Report

January 1, 2022

Tsinghua University, Mozilla Launch Browser For IPv6

December 31, 2010

China Wireless Acquires Tianjin Systems Integration Company

March 9, 2005

Psaki says Biden ‘not seeking conflict with China’ over Huawei swap

September 28, 2021

China imposes app control on giant Tencent

November 27, 2021

Online gaming takes another hit as Beijing acts to protect China’s youth, East Asia News & Top Stories

September 4, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....