Users buy goods or services, confirm the corresponding amount, and use financial IC cards or UnionPay mobile payment products with the function of "flash payment" to quickly complete the payment with one button on the contactless payment terminal that supports UnionPay "flash payment".
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On the card face of the bank card with the function of flash payment, the words "flash payment" in Chinese and "Express Express" in English or water ripple patterns are printed.
If the cardholder is not safe about the flash payment function, he can also call the bank to turn off the flash payment function.
When a cardholder uses a bank card with flash payment function to conduct a transaction of 1000 yuan or less at a designated domestic merchant, he only needs to put the bank card near the "flash payment" sensing area of the POS machine to complete the payment. During the payment process, the cardholder will not be required to enter a password, and there is no need to sign.
2065438+April 2009, China UnionPay United Commercial Bank * * * launched a new round of notification service, providing a small amount of double exemption and one-button switching function, and establishing a five-fold guarantee mechanism from five aspects: hardware support guarantee, merchant terminal management, transaction limit control, risk monitoring and analysis, and loss compensation, to further ensure that cardholders can enjoy the convenience of flash payment while using their cards.
Baidu encyclopedia-flash payment
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