CM BANK(600036) 每日经济新闻·2025-04-04 01:59Core Viewpoint - Several banks in China are discontinuing cardless deposit and withdrawal services, indicating a shift towards more secure and efficient banking methods as technology evolves [1][3][5]. Group 1: Bank Actions - China Merchants Bank announced it will stop ATM QR code deposit services starting April 9, 2025 [1]. - Major state-owned banks, including Industrial and Commercial Bank of China and Bank of Communications, have already suspended various cardless withdrawal services since 2023 [3]. - Smaller banks, such as Qixia Rural Commercial Bank and Laizhou Rural Commercial Bank, have also begun to phase out cardless withdrawal functionalities as of December 1, 2023 [4]. Group 2: Technology and User Behavior - The rise of mobile banking and QR code payments has led to a decline in the usage of ATM QR code deposit functions, which are now seen as less convenient compared to newer technologies like facial recognition [5][7]. - Analysts suggest that the majority of ATM users are older individuals who prefer traditional card-based transactions, indicating a potential gap in user adoption for newer technologies [7]. Group 3: Security Concerns - Experts highlight security risks associated with cardless transactions, such as the inability to verify the identity of depositors and potential vulnerabilities in confirming the relationship between the payer and payee [7]. - The discontinuation of cardless services is viewed as a necessary step to enhance the security of banking operations and to comply with regulations aimed at preventing money laundering [7].