Calculation of ARQC and ARPC in PBOC Online Trading smart card

Calculation of ARQC and ARPC in PBOC Online Trading

When the financial IC card applies for online transaction, the terminal will authenticate the card issuer to verify the validity of the card. The terminal will get the ARQC returned by the card through the GAC and compare it with the ARQC generated by the terminal itself. If it is consistent, it means that it is a legal card issued by the issuer. At the same time, the ARQC and the ARQC are verified
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 Interpretation of e-cash, e-wallet, qPBOC, UPCash and flash payment Bank payment

Interpretation of e-cash, e-wallet, qPBOC, UPCash and flash payment

Recently, a discussion about e-wallet, e-cash, non micro payment, offline transactions and other aspects appeared in a group of financial celebrities where the minor editor worked. The minor editor had little knowledge about technical knowledge soon after he entered the industry, and looked at these professional terms and English abbreviations a bit like a monk. In order to understand these masters roughly
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