Flash payment is a fast transaction method of financial IC card based on security chip and contactless payment technology. The financial IC card with flash payment function has the words "flash payment" in Chinese and "QuickPass" in English or water ripple pattern on its face.
When a cardholder uses a financial IC card with flash payment function or a mobile device supporting flash payment to conduct a transaction of 1000 yuan or less at a designated domestic merchant, he only needs to put the card or mobile device near the "flash payment" sensing area of the POS machine to complete the payment. In the process of payment, the cardholder is not required to enter a password, and there is no need to sign, which is called the small secret exemption visa-free service.
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Security of "Flash Payment" Function
1, 20 19 in April, China unionpay United commercial bank * * * launched a new round of notification service, providing a small amount of double exemption and one-click switching function.
2. Provide "risk full payment" service.
In order to reduce the security concerns of cardholders, China UnionPay United Commercial Bank has set up a special payment for cardholders, providing a small double-exemption "risk full payment" service, and all double-exemption stolen losses incurred by normal cardholders can be paid in full after verification.
3. China UnionPay will also establish an online fast claims channel in conjunction with commercial banks, and launch a fast claims acceptance function in China UnionPay Express APP Security Center to further enhance the cardholder's payment experience.
China News Network-UnionPay card flash payment can be closed with one button.
Baidu encyclopedia-flash payment