UnionPay flash payment is one of the industrial brands of China UnionPay, which marks the non-contact payment products of UnionPay and is used for payment applications such as PBOC2.0 non-contact IC cards.
Features of flash payment:
You don't need a password, you can complete the payment by touching the POS machine.
Extended data:
Flash payment risk
Flash payment is easy to be stolen because of its low confidentiality.
The reporter consulted Mr. Guo, the relevant person in charge of the comprehensive management department of China Bank. He said: "If the bank card is stolen, the cardholder can apply for compensation from UnionPay through the bank."
He also reminded consumers that if they find that their bank cards are lost or stolen, they should report the loss to the bank as soon as possible. It is suggested to open a transaction information reminder to keep abreast of the card dynamics, and report the loss of the stolen bank card to the bank immediately. If you are still worried about the security of the bank card, you can apply to the bank to cancel the service.
References:
People's Network-The bank card turns on the "flash payment" function by default, and you can pay by touching the POS machine.