2022To put the ideal of ESG, eco-friendliness, and sustainable development into practice, NCCC continued to promote digitization of credit card receipts; it further included recycling of thermal paper credit card receipts in its standard operating procedures. Credit card big data were incorporated into a data dashboard for provision of digital services. Analytics results were presented on a dynamic visualization dashboard to replace traditional paper analysis reports. NCCC further planned to bring its Merchant Front End System (MFES) onto the cloud; improve the quality of credit card transaction network; reduce the cost of equipment purchase and maintenance; and enhance transaction data transmission security. In addition, NCCC obtained an invention patent for its “Blockchain-based Identity Identification System and Blockchain-based Identity Identification Methods” in November, which combined with the FIDO mechanism.
2021NCCC has actively promoted TWIN Card, the domestic payment card brand, and obtained approval from the competent authority for global Network-to-Network partnership with DFS. In addition, we actively acted on digital transformation, including using AI technologies on Big Data to create the forecasting model of fraud and risks, plan of Tap to/on Phone payment function, optimization of the domestic credit card settlement system to process financial files from participating institutions on a daily basis. Furthermore, we improved and issued electronic invoices of service fees charged to merchants and domestic interchange and reimbursement fees charged to participating institutions, and introduced Q&A chatbot customer services. Moreover, we have planned to establish “Mobile Office” to achieve the purpose of business continuity.
2020NCCC helps institutions to introduce international mobile payment services in order to increase the e-wallet payment scenarios accepted by NCCC’s merchants. NCCC also launched the “Online Customer Service” APP to provide a more convenient service channel for merchants and consumers, tapping into the era of mobile merchant services. Upon the COVID-19 outbreak, in response to the “Triple Stimulus Vouchers” policy, NCCC served as the data transmission and interface platform between 25 card issuing institutions and enacted relief package for cooperating merchants.
2019To increase the e-payment ratio, NCCC developed its own payment card brand in Taiwan, planned for the addition of EMVCo 3DS 2.0 online transaction authentication services, and optimized the “Credit Card Holders Auxiliary Authentication Platform. The “Big Data Analysis System” was launched in June; except for presenting data and information related to credit cards with visual tableau, it will also be provided for external institutions to link with via API in the future, realizing the policy goal of open data set by the government. With the development and progress of digital finance, pure internet banking joined as a member of NCCC, rendering a more diversified profile for NCCC’s members. NCCC will provide safer payment services that are more aligned with the market requirements in the upcoming era of 5G and AI to promote the vigorous development of the payment industry in Taiwan.
2018In response to the electronic payment multiplication policy set by the authorities, NCCC planned to set up its own payment card brand in Taiwan. It signed a cooperation agreement with Discover Financial Services LLC in July, allowing the domestic payment card connecting to the international standard and facilitating the consumption aboard. NCCC also proactively introduced the merchant-presented QR Code compliant with EMVCo. Standards. It created the common financial QR Code to further expand the usage of electronic payments.
2017To support the goal of “Double the PCE Percentage of Electronic Payments in 5 Years,” NCCC expanded the application scope of Credit Card Payment Platform for Public Agency Fee acceptance channels to public hospital’s medical fees. It provided the Electronic Stored Value Card Transaction Operation Platform services and integrated terminals for share usage by electronic stored value card issuing institutions. NCCC proactively promoted the credit card small ticket platform and supported the domestic and foreign TSP systems switching mechanism to lay a technical foundation for domestic mobile payment.
2016To support the goal of “Double the PCE Percentage of Electronic Payments in 5 Years” set by the competent authorities and to respond to the digital FinTech development trend of integrating virtual and physical applications, NCCC established the “Credit Card Payment Platform for Public Agency Fee”. It created the Credit Card Big Data platform database and committed to promoting mobile payment and Internet payment businesses.
2015The “Jhubei backup computer workstation” formally began its operation. In accordance with the government policy, NCCC made donated to the “Financial Technology Development Fund” for supporting the research and development of innovative FinTech service as well as FinTech talent cultivation.
2014To build the “Payment Service Provider Trusted Service Manager platform” (PSP TSM) and maintain a stable and secure financial payment system, NCCC cooperated with Financial Information Service Co. and Taiwan Clearing House to jointly establish “Taiwan Mobile Payment Company,” opening up the new era for mobile payment in Taiwan.
2013To comply with the “Personal Data Protection Act,” NCCC established an internal control system for personal data protection. NCCC obtained the BS10012 Personal Information Management System Certification from the British Standards Institution in 2013 by which NCCC abides to fully carry out the information security and personal data protection measures.
2012NCCC officially commenced the operation of the professional computer workstation named “Ding Pu Data Center,” which is a development milestone of NCCC’s sustainable operation.
2011NCCC was the first institution being authorized to engage in the acquiring business for UnionPay Card Online Payment in Taiwan.
2010NCCC was authorized to engage in the authorization and settlement processing services of UnionPay Credit Card ATM cash advance transaction in Taiwan.
2009In response to the government’s cross-strait financial policy development, NCCC was authorized to engage in the POS payment transaction authorization, settlement services, and acquiring operations of China UnionPay Card (including credit card and debit card) in Taiwan in 2009.
2007In making utmost efforts for protecting the information security of credit card holders and merchants, NCCC implemented relevant control measures and obtained the ISO 27001 information security certificate in 2007.
2004In response to the government policy, NCCC set up the “Common Operating Platform for Various Fee Payments in e-government Services”.
2002In response to the government policy, NCCC planned and set up various operating systems, including “Individual Income Tax Payment by Credit Card,” “Payments in Taipei e-services Online,” as well as “National Travel Card Payment”.
2000NCCC completed the self-built domestic settlement processing system for credit cards.
1997NCCC cooperated with Visa International in establishing the first Internet credit card transaction environment in Chinese version in the world and setting up a“National Credit Card Center Worldwide Information Website” delivering the latest professional global payment card business knowledge.
1996The credit card acquiring market was opened; NCCC member banks were allowed to conduct acquiring business themselves. Also, NCCC accepted the member banks’ outsourcing of acquiring business.
1994NCCC partnered with JCB International and introduced JCB Credit Card, providing another option for the general public in Taiwan; the credit card market has been vigorously growing since then.
1993NCCC set up the “Taichung Office” in July 1993 to meet the business expansion need in Central Taiwan.
1991NCCC subsequently partnered with MasterCard International and launched “MasterCard Credit Card” in Taiwan as the business continued growing.
1989NCCC set up the “Kaohsiung Office” in December 1989 as the market business continued expanding.
1989NCCC cooperated with Visa International to introduce “Visa Credit Card,” and formally launched the domestic settlement business for international credit cards.
1988To accord with the trend of financial liberalization and internationalization and improve the consumption convenience for citizens in Taiwan, the Ministry of Finance declared to eliminate the limit of “one person one card,” added the function of revolving credit, and approved the issuance of “credit card”. As such, the Center’s name was formally changed to “National Credit Card Center”.
1983The “National Debit Card Center” was officially established and the domestic card issuing institutions commenced the debit card business. The Center was responsible for the centralized settlement and was engaged in operating the debit card acquiring business.
1981The Ministry of Finance promulgated the “Regulations Governing Banks Conducting National Debit Card Business” to adopt the policy of “one person one card/deposit first/consumption afterward”. Also, the Ministry of Finance and called upon a meeting that gathered 24 financial institutions, including Central Trust of China, to study and negotiate the debit card business.
1979The Council for Economic Planning and Development, Executive Yuan, approved the “Proposal for Issuance of National Debit Card” in May 1979 and planned the establishment of the “National Debit Card Center” jointly formed by banks and investment & trust companies. And the Ministry of Finance called upon a meeting that gathered all financial institutions to discuss the operating guidelines for the National Debit Card.
National Credit Card Center of R.O.C
