According to experts from China Guangfa Bank, the password-free function for small-amount consumption launched this time can save cardholders from entering passwords in small-amount consumption places such as restaurants and supermarkets, and reduce the risk of card being used in high-risk areas. The risk of skimming magnetic stripe information and having passwords peeked. Even if the credit card's magnetic strip is accidentally stolen or skimmed in a small consumption place, criminals will be blocked by passwords and greatly reduce the success rate of high-value fraud. Industry experts predict that the verification-free function for small-amount purchases can prevent more than 95% of counterfeit card theft cases.