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The transaction clearing time of vertical brush pos machine is fast and stable. Although it facilitates the needs of residents, it also gives criminals an opportunity. When handling a vertical pos machine, in addition to requiring the handler to submit the ID card and bank card for settlement, another security lock is the credit card. Because before you apply for a credit card, the bank's risk control department has reviewed the applicant's information, so the funds have an extra layer of security.
If the credit card is not authenticated by vertical swipe, then when the magnetic stripe card of the credit card is swiped three times a day and the first swipe amount exceeds 1000 yuan, the name, ID number and front photo of the bank card need to be submitted for review before the transaction can be completed; There is no such restriction on magnetic stripe cards and ic cards (chip cards) that authenticate credit cards.
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Real-name authentication requires submitting my bank card (savings card only), face biopsy, and uploading photos of the front and back of my ID card (currently only Chinese mainland ID card verification is supported).