For large transfers of more than 50,000 yuan, mobile phone transfer is totally unacceptable, and you must use a U shield! And now the mobile phone plug-in is so complicated that it always feels unsafe to transfer money without shielding. Unless there is new technical support, U shield will still be used for every transfer!
Recently, China Construction Bank and Huawei jointly launched mobile phone shield payment. Huawei mobile phones with built-in Kirin 960 and 970 series security chips can realize one-stop mobile payment on the mobile phone side without inserting physical security media such as U shield.
This product has been piloted in Shenzhen Branch of China Construction Bank, and it is only applicable to the transfer payment of corporate customers at present. It can be predicted that in the near future, large personal transfers will also enter the era without U shield.
In 2003, ICBC took the lead in launching online banking electronic signature and digital authentication tools in China. Because it looks like a USB flash drive and its safety performance is like a shield, it is named "U shield". For more than ten years, domestic commercial banks have generally introduced this tool, and constantly upgraded its security performance and user experience, and successively innovated and launched the second generation U shield with display screen, universal U shield for computers and mobile phones, Bluetooth U shield and so on.