No transaction password is a payment form of credit card, which is generally only used for real-name registration system businesses such as hotels and air tickets, and is used by some enterprises or businesses whose security level has passed the verification. This transaction method can complete the consumption transaction by providing the card information to the merchant by the cardholder. The customer service staff also said that at present, this transaction method can only be avoided by keeping the credit card and preventing the information on the card surface from being leaked. In other words, at present, there is no special coercive means to restrict the forms of transactions without passwords.

There are two ways of credit card verification:

First, signature. It is an international standard. Under this setting, no password is required for consumption. In case of stolen credit card, you can ask the merchant to sign the bill and identify the person who swiped the card by signature, and ask for refusal or refund. The premise is that you have relevant copies or photos, record your credit card and then sign the pattern for comparative evidence.

second, the password. It is a native derivative of China. The bank said that the consumer password is optional, but at the same time it said that the password transaction is regarded as my own transaction. That is to say, as long as the password is used, in case someone reads it, it is regarded as your own brush to make a fake card or steal your card with the password. Banks and businesses are irresponsible.

At present, credit cards with passwords in China include CCB, ICBC and Minsheng, while credit cards without passwords include Guangfa and China Merchants.

there are two ways to set your credit card transaction password.

1. Telephone voice: Please call the customer service hotline, select "1" Chinese service in the voice, then select "1" activation and password setting, and activate and set the transaction password according to the voice prompt

2. Branch counter: Please bring your valid ID card and credit card and set the transaction password at the counters of various branches of Agricultural Bank of China.