First, the meaning of "flash payment" on the agricultural bank card: this is a non-contact payment product. When buying goods every day, just flick an IC card with the words "flash payment" on the contactless terminal to confirm the amount. Like the campus card (meal card) used by students at school, there is no password or signature, but generally speaking, the maximum amount of a single transaction is 1000 yuan. However, this function must require businesses such as shopping malls or restaurants to support "flash payment".

Second, it can't be used as a bus card. It can only be used in some retail places such as supermarkets, convenience stores, department stores and pharmacies, as well as public service fields such as vegetable markets, parking lots, gas stations and tourist attractions. But if the merchant doesn't have that machine, he can only enter the password and sign it before swiping the card.

Extended data

Cards with "flash payment" function are risky, because traditional verification methods such as password and signature are no longer needed in the transaction process. When the card is lost without taking measures to report the loss, it is likely to be stolen by others. The following measures can be taken to reduce risks:

1. First of all, when applying for a "flash payment" card from a bank, consumers must read the relevant clauses of the bank card acquiring contract in detail, and give feedback and communication to the bank staff in time to ensure that they are aware of the use methods and precautions of the business.

2. Secondly, in the daily use of the "flash payment" card, remember to take good care of your bank card, don't lend it to others at will, always pay attention to whether the card is abnormal in consumption activities, and carefully check whether the recovered card is your own bank card. In addition, it is suggested that cardholders open the SMS reminder function of transaction bank cards.

3. Finally, after the "flash payment" bank card is stolen, the cardholder must not panic, and can effectively recover the financial loss by reporting the loss, calling the police, claiming compensation, and even suing the court.

Reference: Xinhuanet-What are the risks of bank card flash payment?