2065438+In April, 2009, China UnionPay and commercial banks jointly launched a new round of notification service, providing a small amount of double exemption and one-click switching function. 2065438+April 6, 2009, China UnionPay will establish an online fast claim settlement channel in conjunction with commercial banks, and launch a fast claim settlement function in China UnionPay Express APP Security Center, so that the double-free stolen losses incurred by normal card users can be fully paid after confirmation and verification.
Flash payment products provide credit card repayment, convenient payment, online shopping and other services, and can be "paid at one time" on more than 900,000 terminals supporting contactless payment in China.
Products that support flash payment function include not only IC bank cards of major banks, but also some mobile clients that have reached cooperation agreements with UnionPay, such as smart phones.
Extended data:
Relevant provisions of the credit card articles of association of Bank of China Limited.
Cardholders can use the UnionPay IC card with the logo of "Flash Payment" to conduct limited off-line electronic cash transactions in merchants with the logo of "UnionPay", and conduct limited small fast payment transactions in some merchants with non-contact acceptance environment.
Electronic cash offline transactions and small fast payment transactions do not require password verification, and printed vouchers do not require the cardholder's signature for confirmation. Electronic cash offline consumption transactions and small fast payment transactions are regarded as personal transactions, and cardholders bear the responsibilities arising from the transactions. ?
Baidu encyclopedia-flash payment
Bank of China-Announcement Information