皇冠体育app

   

Central bank to minimize online payment fraud

(Xinhua)
Updated: 2006-12-17 16:40

BEIJING - 皇冠体育app's central bank is considering measures to monitor online payments in a bid to prevent fraud.

People's Bank of 皇冠体育app vice governor Su Ning said the bank had noted that a growing number of e-commerce sites were offering online payment options as more people turn to the Internet for their shopping and vowed to ensure the payment process was secure.

The current online payment system leaves purchasers vulnerable to online fraud, said Su. People's private and financial information can be easily revealed and misused, he added.

皇冠体育app's e-commerce has boomed in recent years. Around 600 billion yuan (about 74.5 billion U.S. dollars) of transactions had been conducted online by the end of 2005.



Top 皇冠体育app News  
Today's Top News  
Most Commented/Read Stories in 48 Hours