The reason for not using the password may be that a small amount of confidentiality is exempted from visa, or there is no payment password. If the transaction password is not set, the credit card can be consumed by signature at this time, and there is no password consumption limit for the credit card held, such as 500 yuan.

Secret-free and visa-free payment means that small payments can be completed without passwords and consumer signatures. Internationally, small secret-free visa-free payment is a mature payment method, which is also widely used in the domestic mobile payment field. Alipay, WeChat and other payment tools all have this function, which is the basic function of bank card opening by default.

Safety precautions:

1. When paying for goods, if you find terms and options such as "I agree" and "authorize" on the page, you should browse carefully and don't authorize functions such as "confidential payment" easily.

2. When setting up "confidential payment", users should also consider the frequency and amount of consumption on this platform. For those platforms with low frequency of use or high average consumption, users should try not to open confidential payment.

3. Users should avoid using birthdays and mobile phone numbers as passwords to avoid being used by criminals.

4. When "confidential payment" is enabled, users should set the monthly limit or one-time payment limit of confidential payment to avoid expanding losses.

Special payment:

Unionpay United Bank has set up special compensation for cardholders and provided 72-hour card loss protection service. That is to say, for UnionPay cards (including "China UnionPay Express") below 1000 yuan, if the card is lost or stolen, the cardholder can get compensation for stolen consumption within 72 hours before reporting the loss, and each cardholder can pay a maximum of 30,000 yuan per year.

In terms of compensation, the principle of "full compensation for risks" is adopted. In order to reduce the security concerns of cardholders, UnionPay and commercial banks have set up special compensation for cardholders, providing a small double-exemption "all-risk compensation" service, which can cover the fraudulent losses suffered by cardholders.

How to use:

The specific implementation method is as follows: once the user's mi band is bound to the mobile phone Alipay client, once the bracelet is close to the mobile phone, the operation of inputting the payment password can be omitted, and the payment can be completed directly by wearing the bracelet, thus realizing a convenient confidential-free payment process.

If consumers don't want to use the small secret visa-free payment function, they can also turn it off at any time. Debit cards and credit cards issued by bank outlets to consumers basically have the functions of small secret exemption, visa exemption and "flash payment" by default. If consumers want to turn off this function, they can call the customer service of the issuing bank to turn it off, or go to a bank outlet to handle it. To turn off this function, the cardholder only needs to apply to the bank card issuer.

My credit card has a password. Why didn't I enter my password when I swiped my card?

Your credit card needs a password. The reason why you are not required to calculate the password when swiping the card is because there are many ways to pay by swiping the card now.

You can choose password payment, fingerprint payment and face-brushing payment.

These payment methods are very secure.

What's wrong with using credit cards without passwords? Is it safe?

Many cardholders will set the transaction password for the sake of credit card security, but it is strange that they don't need to enter the password when swiping the card. Some people even think that the banking system is wrong. In fact, it is very common to swipe a credit card without a password. Let's see what happened today.

What's wrong with using credit cards without passwords?

Credit cards don't need a password, mainly because many banks' credit cards have opened a small secret-free visa-free service by default, which limits the amount of credit cards. If a single transaction does not exceed 1 ,000 yuan, you can directly skip the confidential payment, and if it exceeds 1 ,000 yuan, you must enter a password to make the transaction.

However, it depends on the type of credit card. Credit cards are divided into magnetic stripe cards and chip cards. Chip cards can't be paid without confidentiality. The magnetic stripe card depends on whether there is a "QuickPass" logo on the card. This kind of card has built-in UnionPay contactless payment technology, and it can realize small secret-free and visa-free by swiping the card on UnionPay flash payment POS machine.

Is it safe to swipe a credit card without a password?

Small secret-free visa-free is a UnionPay flash payment technology, which is technically safe, but it is a bit unsafe to operate. There are many news reports stolen from a distance with POS machines. In order to cope with this situation, UnionPay Flash Pay has specially introduced mechanisms such as risk compensation and advance payment to provide 72-hour card loss protection service, and the stolen card can apply for compensation.

However, there are also many card friends who would rather bother to enter the password when swiping the card than take such an unknown risk. They just want to cancel the double exemption function of credit cards. Call the service hotline of the issuing bank, switch to manual service and ask the customer service to cancel. The cancellation takes effect in real time, and you must enter the password even if you brush 1 yuan in the future.

Why don't I need a password to swipe my credit card?

Credit cards do not require passwords for the following reasons:

Anyone who knows about credit cards knows that American credit cards can generally be paid by signature. After the introduction of credit cards in China, credit cards will also be brought to China in the form of signature consumption. Many people regard avoiding password trading and signing with a stroke of a pen as "chic". Moreover, because some banks have launched the "lost card protection" service, which is also aimed at signature consumption, these cardholders wishful thinking that credit cards can be guaranteed and prefer to use signature consumption. As everyone knows, these users don't understand why the United States uses signature consumption, and the domestic card security environment is not suitable for signature consumption. Let's take a look at the story behind this.

Credit cards are all paper from the date of their birth and do not have the function of payment. They are only issued to cardholders as card issuers and as an identification of special merchants. Although American Express first used plastic cards in 1959 to improve the fragility of paper cards, because computer technology was not widely used in the 1960s and 1970s, credit cards could not be traded online on POS machines as it is today. Although the card pressing machine was invented later, it only changed the information recorded manually into mechanical records, which saved the trouble of manual copying, but the credit card is only proof of identity, and the card grade is used as the difference of credit grade.

In fact, the essence of a credit card is to show that the cardholder has a credit certificate from the beginning, and the signature is the cardholder's authorization and payment confirmation, that is, the bank is authorized to pay the merchant within the cardholder's credit range. This is related to the importance attached by the state to the signature.

First of all, European and American countries attach great importance to the legal effect of signatures. In Europe and America, personal signature has a strong legal effect, and the signature represents a person's legal attitude. For example, all kinds of documents and contracts are signed for confirmation, and there is no so-called "official seal" system in China. The so-called corporate seal is generally only used as an organizational logo, and its effectiveness is subject to signature and seal.

Secondly, there are a large number of personal checks used in the United States, and the check also confirms the holder's willingness to pay through signature, and establishes a perfect signature authentication system. So after the credit card appeared, it also followed the habit of checking.

Third, the responsibility for signature recognition lies with the institution. Bankers and businessmen in Europe and America have a strong sense of identifying signatures. Otherwise, if the signature obviously does not match, the organization is likely to bear the responsibility of stealing, which makes the security risk control measures related to the signature more mature.

In the United States, TruthinLendingAct stipulates that if a consumer's credit card is used without authorization, the cardholder's legal liability is at most $50. Specifically, a credit card must be a card that the cardholder has accepted for use, an unauthorized use that occurred before the cardholder notified the card issuer, and a card that has been or may be used without authorization due to loss, theft or other similar acts.

It is precisely because the sound legal system in the United States provides a strong guarantee for cardholders to use cards. Card organizations such as VISA, MasterCard and American Express, as well as card-issuing banks or institutions, have perfect processing procedures for stolen cards and stolen cards. Cardholders don't need to worry about being stolen after losing their cards. Just call the card issuer after losing or stealing the card, and the rest is what the card issuer is worried about. More importantly, because the personal credit system is very perfect, most people will not make fun of their own credit. Even so, for some large purchases, merchants still have to check the identity certificate to confirm the cardholder.

It is precisely because of the sound security of credit cards that IC card migration in the United States is not active. However, since June 10 this year, the US government has required all merchants' POS terminals to support the EMV standard, otherwise, once a credit card is swiped, the losses will be borne by the merchants. The United States lags behind many other countries in bank card security. One reason is that the magnetic stripe credit card case in the United States was much lower than that in other countries more than a decade ago.

At present, in the process of completing IC card migration, foreign countries begin to use password signature verification to conduct transactions. However, due to the deep-rooted traditional habits, even if the IC card migration is completed, it only reduces the risk of the card itself being stolen, and cannot prevent the risk of credit card being stolen and online payment. In use, signature is mainly used.

I used a password to swipe my credit card a few days ago. Why don't I need to enter a password now? I have no background.

I think I accidentally turned on the small secret-free function. Whether to use a password is decided by both parties through consultation.

You promise that you don't need to use a password for small credit consumption, and the merchants who consume your credit also allow you not to use a password, so you don't need to use a password during the whole transaction. However, in order to be prudent, some enterprises need to check their passwords. If you meet them, you need to enter your password. I haven't seen it yet. I wonder if every small credit consumption has a password. You can call the customer service phone on the back of the credit card for consultation or apply for account cancellation. Open small secret-free payment, which can be paid without password and consumer signature. Please check whether there is a short message sent by the bank to enable confidential payment. Call the customer service hotline for enquiries. If the function of confidential payment is really enabled, you can ask customer service to help you close it. Under normal circumstances, many banks do not need a password for small credit card consumption, but if you are really worried that it will be lost and stolen by criminals, you can apply for a spending password from the bank to which the credit card belongs, and then you need to use it every time. Although you need a password for every consumption, it is at least safer. When a cardholder uses a financial IC card with the function of "flash payment" to conduct a transaction with a certain amount (within RMB in 300 yuan and subject to the local limit overseas) or less at a designated merchant, he only needs to "swipe his card" near the "flash payment" induction area of an acceptance terminal such as a POS machine to complete the payment. In the process of payment, you don't need to enter a password or sign.

The original intention of this payment method is to facilitate the cardholder to spend by credit card, and there is no need to use the transaction password within the specified amount range, which saves some steps. However, some people think that this payment method is not very safe, for example, you can't decide the amount of confidential payment by yourself, the function of confidential payment for new cards is turned on by default, increasing the amount is equivalent to increasing the risk of credit card theft, and only paying the loss within 72 hours after reporting the loss. These terms make some cardholders feel uneasy. If you choose to sign for consumption when you apply for a card, you don't need to set a transaction password. After spending by credit card, you only need to sign the receipt of POS machine. However, there is a prerequisite that the back of the credit card must be signed and the signature of the receipt is consistent with the handwriting on the back, otherwise the merchant has the right to refuse the transaction.

Many people choose signature transactions, mainly because most banks' card loss protection is only for signature transactions, and transactions with passwords are not within the scope of protection services. After the signed transaction is stolen, you only need to prove that it is not signed by yourself, and the stolen funds will be paid by the insurance company.

This is the end of the introduction about why you can swipe your credit card without entering a password, and you can swipe it successfully without entering a password. I wonder if you have found the information you need?