If a counterfeit card transaction or an online transaction occurs, and the credit card holder requests the card issuer to return the deducted principal and interest of the overdraft, liquidated damages and compensate for losses based on the legal relationship of the credit card contract, the People's Court shall do so in accordance with the law. Support; if the card issuer requests the credit card holder to repay the principal and interest of the overdraft, liquidated damages, etc., the People's Court will not support it.

In the first two cases, if the cardholder is at fault for failing to properly keep the bank card, password, verification code and other identification information and transaction verification information, the card issuer claims that the cardholder shall bear corresponding responsibilities. The People's Court should support it.

What is "Quick Pass":

The so-called Quick Pass is actually a small amount of password-free and signature-free payment, that is, when making small purchases, there is no need to enter a password or sign for confirmation. Pay with just one swipe. The password-free and visa-free function for small amounts was jointly launched by China UnionPay and its member banks in 2015. Its original intention is to provide convenient and efficient payment methods and improve consumers’ payment experience. However, not all bank cards have this function. They must be chip cards with the "Quick Pass" function. The original magnetic stripe card cannot use this function due to security reasons.

In fact, the password-free and visa-free function for small amounts is also very common internationally, and the technology is relatively mature. It is also a basic function enabled by default in the banking industry and has been widely used in our country. However, the activation of this function does not require the cardholder's permission in advance. If the cardholder does not want to activate this function, he can turn it off. In order to let the public understand this situation, in April 2019, China UnionPay jointly launched a large-scale notification service with banking institutions.

Of course, the financial risks of bank cards go far beyond the small amount without password and visa. The more common ones include illegal lending of bank cards, loss of passwords or verification codes, clicking on illegal links, etc. In order to steal funds, criminals constantly update "technical methods" just to illegally take possession of your funds.

For our majority of depositors, we must improve our risk awareness and protect our bank cards and passwords. If we have any questions about our bank cards, we must go to the bank branch in person or call the bank customer service for consultation. . Don’t blindly listen to strangers’ explanations, and don’t click on unknown links casually. At the same time, don’t be greedy for petty gains and fall into the trap of criminals.