Flash payment card is a non-contact financial IC card conforming to PBOC2.0 standard of China People's Bank, which integrates credit card and electronic cash account. Bank card refers to a credit payment tool issued by commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposit and withdrawal, including credit cards and debit cards. Credit cards and electronic cash accounts are separate.

Bank flash payment cards are actually those bank cards with flash payment function. Generally, bank cards with flash payment function will have the logo of "Flash Pay Express" on the card surface.

"Flash Payment" is a non-contact payment product of China UnionPay. Its function is that when the cardholder uses the card to pay for the transaction, he does not need to enter the password and signature, but only needs to "wave his hand" on the contactless payment terminal that supports UnionPay flash payment.

Although many bank cards now carry the sign of "flash payment", not all bank cards. And those bank cards that don't have the function of "flash payment" can't do "flash payment". They can only do business by inserting or swiping the card in the POS machine, and then entering the password and signature.

Of course, in addition to bank cards, some mobile payment products have reached cooperation agreements with UnionPay. Flash payment also covers supermarkets, department stores, shopping malls, convenience stores, pharmacies, restaurant chains, gas stations, tourist attractions and other public service areas.

The difference between flash payment card and bank card;

1. The flash payment card is a contactless financial IC card that meets the PBOC2.0 standard of the People's Bank of China, integrating credit card and electronic cash account; Bank card refers to a credit payment tool issued by commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposit and withdrawal, including credit cards and debit cards. Credit cards and electronic cash accounts are separate.

2. The flash payment card can directly make small payment on the POS equipment marked "QuickPass Flash Payment" in UnionPay. Flash payment is called offline micropayment, that is, for some small consumption, you don't need to enter a password, sign or insert a card, you just need to "wave your hand" on the POS machine to realize payment quickly. However, the bank card micropayment needs to enter the payment password or signature.