E-banking in China is built on a strict client identity verification system. The banks issue certificates, which are saved securely on the client's USB token or smart card. The certificate is verified for banking and other applications within seconds before the transactions are carried out.

With a USB token or a smart card in combination with AET's Middleware SafeSign Identity Client (IC) and digital authentication, Internet banking is easy und user friendly.

E-banking in China includes functions for banking, investment and finance. Clients can benefit from a range of services for inquiries, account transfers, remittances, payments, securities, foreign exchange and funds using the Internet banking service at home.

More than a million USB tokens together with the SafeSign IC are used by many different banks including the Industrial & Commercial Bank of China (ICBC), China Merchants Bank, Bank of Communications, etc. and by many different Chinese enterprises.

The ICBC bank is one of the key players for home banking in China. The year 2006 was dedicated as the “Internet banking” year for ICBC. With Banking@Home, for example, the ICBC provides Internet banking services, integrating banking, investment, and asset management.

These services include for example:

• Convenient account services, 24-hour large amount transfer & remittance, simple Internet credit card repayments;
• Flexible and easy online disbursement, mobile phone, telephone, Internet charges - many and varied disbursements;
• Expedient and efficient Internet payment, provisions of maximum limits ensure minimum fund risks;
• Specialized foreign exchange, securities and insurance information and trading services, Internet loan and asset management services help you manage your assets at any time or place;
• With its personal Internet banking, ICBC offers its clients over 60 functions and successfully provides highly secure individualized services.

You can find more information in our Reference Case document.