Core Viewpoint - The article highlights the rampant misuse of POS machines for credit card cash withdrawal in China, facilitated by lax merchant verification processes and the complicity of payment institutions, leading to significant financial risks and regulatory challenges [1][2][3]. Group 1: POS Machine Misuse - Personal users can easily register as merchants using false information, allowing them to convert credit card limits into cash through POS machines [1][2]. - The process of cash withdrawal via POS machines is quick and straightforward, often taking less than 10 minutes to complete [3]. - Payment institutions like Lakala have been criticized for their inadequate merchant verification processes, which enable individuals to misuse POS machines for cash withdrawal [2][3]. Group 2: Profit Motives and Industry Practices - The article describes a profit-driven model where agents earn commissions based on transaction volumes, incentivizing the promotion of POS machines for cash withdrawal [4][5]. - The commission structure is tiered, with higher transaction volumes leading to greater profit margins for agents, creating a competitive environment that encourages misuse [5]. - Payment institutions benefit from increased transaction volumes and associated fees, leading to a conflict of interest in enforcing compliance [6]. Group 3: Regulatory Challenges - Regulatory bodies have issued guidelines to limit POS machine usage to one merchant per device, but these regulations are often circumvented by agents [7]. - The lack of a specific legal framework addressing credit card cash withdrawal leads to low penalties for violators, making enforcement difficult [10]. - The article emphasizes the need for improved collaboration among regulatory agencies to effectively monitor and control the misuse of POS machines [10]. Group 4: Recommendations for Improvement - Experts suggest that payment institutions should enforce stricter merchant verification and transaction monitoring to prevent misuse [10]. - There is a call for clearer legal definitions and penalties related to credit card cash withdrawal to enhance regulatory effectiveness [10]. - Utilizing advanced technologies like big data for transaction monitoring and risk assessment is recommended to combat the issue [10].

每经编辑｜张益铭 丨2025年5月12日 星期一丨 NO.1 央行：阶段性暂停国债买卖操作，视市场供求状况择机恢复操作 5月9日，央行发布《2025年第一季度中国货币政策执行报告》。其中提到，阶段性暂停国债买卖操作。 年初，国债市场供不应求状况进一步加剧，10年期国债收益率一度跌破1.6%的历史低位。1月中国人民 银行宣布阶段性暂停在公开市场买入国债，避免影响投资者的配置需要，并更多使用其他工具投放基础 货币，维护流动性和债券市场平稳运行。中国人民银行将继续从宏观审慎的角度观察、评估债市运行情 况，关注国债收益率的变化，视市场供求状况择机恢复操作。 NO.2 "降息潮"延续，存款利率全面迈向"1时代" 据金融时报，自4月以来，已有超20家商业银行下调了定期存款挂牌利率。调整后，利率3%以上的"高 息存款"在市场上已经难觅踪影，银行存款利率已全面向"1时代"迈进。 点评：在招联首席研究员、上海金融与发展实验室副主任董希淼看来，下调存款利率、压降负债成本， 有助于民营银行保持息差基本稳定，提升稳健发展能力。"未来一段时间，市场利率仍然处于下行趋 势，存款利率还有可能继续下降。居民可从自身风险偏好、投资需求、投资能 ...

多家银行也在公告中提到，持卡人通过信用卡"炒金"进行投资，不仅违反信用卡使用规定，更存在巨大 资金风险。若黄金价格波动导致亏损，持卡人需自行承担价差、手续费等成本，甚至形成不良信用记录 的风险。对于此类行为，银行有权采取包括但不限于提醒、降额、限制交易、限制分期、要求提前还款 等风险管控措施。 近年来，银行信用卡业务的风控愈加严格。中国人民银行发布的《2024年支付体系运行总体情况》显 示，截至2024年末，全国共开立银行卡99.13亿张，其中信用卡和借贷合一卡7.27亿张，同比下降 5.14%；信用卡逾期半年未偿信贷总额1239.64亿元，同比增长26.32%，占信用卡应偿信贷余额的 1.43%。发卡量减少与逾期金额攀升形成的"剪刀差"，使得银行不断加强风控以降低不良贷款率。 然而，信用卡风控的升级也误伤了一些正常使用信用卡的用户。在社交媒体上有不少用户反映：信用卡 从未逾期却被无故降额、没有任何通知就突然降额、还款的一瞬间就被降额……王蓬博表示，银行应进 一步提升风控系统的精准度，通过大数据分析、机器学习等技术手段，深入分析持卡人的消费行为、交 易模式、资金流向等多维度数据，准确区分正常消费行为和违规套现 ...