If you do not agree to activate the "small amount password-free and visa-free" service for UnionPay chip credit cards, you can call the Bank of China credit card customer service hotline 40066-95566 to close this service after October 18, 2015.

Small-amount password-free and signature-free payment means that small-amount payments can be completed without a password or consumer signature. Internationally, small-amount password-free and visa-free payments are already a mature payment method, and are also widely used in the domestic mobile payment field. It is a basic function enabled by bank cards by default. Previously, the limit for UnionPay’s small-amount password-free and visa-free business was set at 300 yuan.

Effective June 1, 2018, the single transaction limit of UnionPay’s small-amount password-free and visa-free payment business will be raised to 1,000 yuan.

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Extended information:

Security precautions

1. When paying for goods, If you find that there are terms options with words such as "I agree" and "Authorize" on the page, browse carefully and do not easily authorize functions such as "password-free payment".

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

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

4. When activating "password-free payment", users must set a monthly limit or a single payment limit for password-free payment to avoid expansion of losses.

/www.bankofchina.com/bcservice/bi2/201510/t20151014_5768252.html?keywords=E5B08FE9A29DE5858DE5AF86"target="_blank"title="Bank of China - Regarding the opening of UnionPay chip credit card "Small amount no password required" Announcement on the "Signature" service"gt; Bank of China - Announcement on the launch of the "Small-amount password-free and visa-free" service for UnionPay chip credit cards