At present, there are four payment methods of credit cards in the market: pos card payment, third-party binding payment, UnionPay express payment and mobile phone payment.

1, pos card payment

This traditional credit card consumption method can complete the payment by swiping the card through the pos machine and inputting the password and signature. This kind of payment is generally done through the UnionPay Center. At present, the hand brush machine on the market is also a traditional pos machine channel.

2. Third-party binding payment

This method is the most popular now, which binds the credit card to the third-party payment platform and completes the payment settlement by scanning the QR code. At present, payment methods such as WeChat and Alipay are widely used, and third-party channels are adopted.

3. UnionPay Express Payment

Unlike online payment, UnionPay Express Payment does not need to be bound to any platform. It only needs to enter new information such as credit card, account name, mobile phone number and security code on the payment page, and then send a dynamic password. If the input is correct, the payment can be made successfully. This is generally the UnionPay channel.

4. Mobile payment

At present, mobile payment is also a popular way. At present, Applepay, Huawei pay and Xiaomi pay all have them. Take Applepay as an example. First, the credit card is bound to the mobile phone. When users consume, they turn on the functions of mobile phone and China UnionPay Express, and induce payment at terminals such as POS machines through NFC.

[img] What are the characteristics of credit card payment?

Credit card consumption credit has the following characteristics: ① Revolving credit line. China's card-issuing banks generally give cardholders an interest-free period of 20 to 56 days, and the maximum credit limit of cardholders is generally 50 thousand yuan. ② It has the nature of unsecured and unsecured loans. ③ Generally, there is a minimum repayment requirement. 10% of the repayment amount ④ Usually short-term, small amount and non-designated credit. ⑤ In addition to credit loans, credit cards also have the functions of cash deposit and withdrawal, transfer, payment settlement, collection and payment, universal deposit and withdrawal, bank withdrawal, online shopping and so on.

The four modes of credit card payment are as follows:

1. Credit card payment without security measures: The basic process of credit card payment without security measures is: consumers order from merchants, and credit card information is transmitted by telephone, fax, etc. without security measures, merchants and banks use their existing authorization to check the legitimacy of credit cards. Insecurity includes two aspects, one is the insecurity of credit card information transmission, and the other is that merchants may not get the payment after paying the goods.

2. Payment through a third-party broker: payment is made through a third party trusted by both parties; Credit card information is not transmitted many times on the open network, and the buyer may open an account with a third party online, so there is no risk that the credit card information will be leaked; The seller trusts the third party, so the seller has no risk; The buyer and the seller obtain some agreement from the third party in advance, that is, the buyer opens an account in the third party and the seller becomes a special merchant of the third party.

This method requires higher fairness, credibility and operational norms of third-party institutions, and the main risks are borne by third-party institutions. Although this method improves the security of payment, the payment efficiency is still low and the cost is high. It also belongs to a transitional way when using credit card to pay and settle accounts in the early stage of e-commerce development.

3. Simple credit card encryption payment: When using the simple encryption credit card mode to pay, when the buyer inputs the credit card information into the browser window or other e-commerce equipment, the credit card information is simply encrypted and transmitted safely from the buyer to the seller through the network as encrypted information.

4.SET credit card payment: SET is the abbreviation of secure electronic transaction, which is an open electronic payment protocol standard based on electronic money and is used for online transactions on the Internet. The security measures of SET mainly include symmetric key system, public key system, message digest, digital signature, digital envelope, double signature, authentication and other technologies.

How does China Everbright Bank set up its consumption pattern?

Everbright Bank's smart business credit card consumption pattern is as follows:

Customers who bid for Everbright Bank's smart business credit card can freely choose their consumption methods through "daily statement" and "monthly statement". Daily billing means that customers can enjoy consumer credit services for up to 60 days. For customer overdraft transactions, interest will be charged at the daily interest rate of 0.5 ‰ from the trading day.

There is no interest-free repayment period and no minimum repayment amount. Monthly billing means that all customers' consumption transactions are automatically phased, and customers repay according to the agreed number of installments. The cardholder can choose from 1 to 12, and the bank will charge the customer a corresponding percentage of handling fee according to different periods, with no interest and no minimum repayment amount.

So much for the introduction of credit card consumption patterns.