Shortcomings of China Industrial and Commercial Bank's Huicaitong business

1. There is a risk in network information security: there is a large demand for remittance, and hackers often use this loophole to carry out network attacks, causing certain hidden dangers to users.

2. The logistics speed is affected: the business needs to be audited and processed by many banks and third-party payment platforms, and the expected remittance speed is different, which leads to the extension of time.

3. Exchange rate issue: the exchange rate changes greatly every day. When using Huicaitong for settlement, it will be disturbed by the fluctuation of foreign exchange rate, resulting in the amount of funds received being less than expected.

4. Restricted: This service does not support personal remittance, and is only used by enterprises, institutions or individual industrial and commercial households.

5. Limited service scope: Only cities with service outlets can use this service, and users who are not within the service scope are inconvenient to use.