The meaning of consumption password is that after the user activates this function, in domestic transactions, the transaction can be completed with the signature and transaction password, which can improve the security factor of the credit card. By convention, credit card purchases are made with a signature by default, and generally there is no need to use a password when making purchases by swiping the card. If customers want to use password verification during consumption, they need to set a transaction password and activate the consumption password function.

Extended information:

A credit card transaction can be completed without entering the password. From this, Ms. Han thought that once the credit card is lost, the money in the card can easily be embezzled, which will be very harmful to the cardholder. Said it was a safety hazard. Because many merchants have loopholes in the use and management of credit cards.

When consumers apply for a credit card, because they do not understand the meaning of "swipe card consumption method", they tend to choose "signature", which leaves certain security risks.

People's Daily Online - You can check out with your credit card without entering your password, which poses a hidden risk to the safety of consumers' property