券商中国·2025-04-08 07:48Core Viewpoint - The banking industry is tightening control over cashless transactions, leading to a significant reduction in cardless cash services across multiple banks [1][3]. Group 1: Bank Policy Changes - China Merchants Bank announced it will stop ATM QR code deposit services starting April 9, 2025, to enhance customer safety and convenience [2]. - Over 30 banks, including major state-owned and joint-stock banks, have adjusted or closed cardless cash services in the past year, indicating a broader trend in the industry [3]. Group 2: Risk Management and Cost Considerations - The tightening of cardless cash services is primarily driven by financial risk concerns, as these services can lead to potential financial risks for banks [3]. - The operational costs associated with maintaining ATM systems and managing cardless cash services are also a factor in the decision to scale back these offerings [3]. Group 3: Customer Reactions and Usage Patterns - Customer responses to the cancellation of cardless services are mixed; while some prefer the convenience of QR code transactions, many still opt for traditional card usage [4]. - The demographic using ATM services tends to be older individuals who are more accustomed to using physical cards, indicating a potential gap in service adaptation among different age groups [6]. Group 4: Security Concerns - Experts highlight that the security of QR code deposits is relatively low, contributing to the decision to discontinue cardless cash services [4][5]. - The potential for identity verification issues and the risk of money laundering are significant concerns that banks must address in their cash handling processes [6].