The UnionPay 259 document clearly stipulates the terminal transformation, requiring the terminal to implement the policy of "one machine, one code, one machine, one household". At present, the policy is being implemented in an orderly manner, and many payment companies that have not implemented it have also been punished accordingly.
The implementation of the one-machine-one-code policy has made many cardholders feel very anxious, because in everyone's cognition, if the merchant is single, it will have a great impact on the credit card. In fact, this statement is also reasonable, if your credit card bill is too simple, then the bank will doubt whether your card is used properly.
However, it is also recommended that you do not need to be overly anxious for the following reasons:
First: First of all, this policy is to be implemented by everyone, not a certain unit or a certain person, and this policy is also to regulate the payment industry and prevent some illegal and criminal acts. It is not intended to restrict everyone's normal use of the card.
Second: the use of credit cards by users is still one of the important incomes of banks and UnionPay**, and the implementation of this policy will also undergo great changes in the bank's risk control norms for users. If everyone stops using credit cards, the biggest loss is still the bank. In addition, the probability of overdue will also become very high.
Generally speaking, a single merchant will have an impact on the credit card, but then there will be some adjustments. In short, everyone can still use it normally and embrace the change.