Recently, some banks raised the single limit of small confidential and visa-free bank card payment business to 1 000 yuan, on the grounds that the original single 300 yuan limit can no longer meet the payment needs of cardholders.
However, at present, Cardo, a newly developed UnionPay chip of most banks, has opened a small-sum confidential and visa-free payment service by default, but the cardholder's prior consent is not required to open this service. In other words, many people don't know that their bank cards have opened a small amount of secret-free visa-free payment function.
For this matter, experts believe that it is necessary for banks to open convenience services, but customers' right to know should be valued and protected, otherwise even the best service will not be fully recognized by customers.
A citizen of Changchun recently applied for a UnionPay chip credit card at a bank. When he got the card, he found that the money was directly brushed away by the merchant, with no password and no signature. I didn't know until I asked the bank that my card had been opened with the function of small secret exemption and visa-free payment by default, but no one reminded him when I applied for the card. Mr. Liu, a citizen of Tianjin, also encountered the same situation when swiping his card in the restaurant. While lamenting the convenience of payment, Mr. Liu is also vaguely worried that if the card is lost, it may be stolen.
So, what is the secret of visa-free service?
Small confidential exemption and visa-free is a small fast payment service provided by China UnionPay for cardholders. When a cardholder uses a card with the function of "flash payment" or a mobile device supporting UnionPay China UnionPay Express, he only needs to put the card or mobile device near the "flash payment" sensing area 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.
As far as the security of small-amount confidential and visa-free payment is concerned, China UnionPay claims that the UnionPay chip card suitable for small-amount confidential and visa-free service is safer than other payment methods. At the same time, China UnionPay and Commercial Bank set up special compensation for cardholders to provide 72-hour card loss protection service.
Finally, I suggest that if this function is not needed, cardholders can close it through online banking or bank counters.