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. With the establishment of near-field payment service business circle in 50 cities 100, UnionPay flash payment will become more convenient and relaxed.
Extended data flash payment is one of the industrial brands of China UnionPay, which marks the non-contact payment products of UnionPay. It is used in payment applications such as PBOC2.0 non-contact IC cards and has the characteristics of small-sum fast payment. Users buy goods or services, confirm the corresponding amount, and use financial IC cards or UnionPay mobile payment products with the function of "flash payment" to quickly complete the payment with one button on the contactless payment terminal that supports UnionPay "flash payment".
The single amount does not exceed 1000 yuan, and there is no need to enter a password and signature. The non-contact "flash payment" terminal mainly covers daily small fast payment merchants, including supermarkets, convenience stores, department stores, pharmacies, fast food chains and other retail places and public service fields such as vegetable markets, parking lots, gas stations and tourist attractions.
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.
References:
Baidu encyclopedia-flash payment