If you don't agree to open the "small secret exemption and visa exemption" service of UnionPay chip credit card, you can call the credit card customer service hotline of China Bank at 466-95566 to close this service after October 18th, 215.
"Small amount of confidentiality and visa exemption" is a fast payment service provided by China UnionPay for cardholders.
With the UnionPay chip credit card with the "flash payment" logo, when a designated merchant conducts a transaction with a certain amount (RMB in 3 yuan, subject to the local limit overseas) or less, it is only necessary to put the UnionPay chip credit card or mobile device near the "flash payment" sensing area of the terminal and complete the payment with one stroke.
in the payment process, there is no need to enter a password or sign. In order to ensure the safety of using the card, the upper limit of the daily cumulative consumption amount of each card is set to 6 yuan. When the transaction amount exceeds the limit, the transaction can be completed by inserting the card.
Extended information:
Special payment
UnionPay, together with banks, has set up special payment for cardholders, providing 72-hour card loss protection service. That is to say, UnionPay cards (including "China Unionpay Quick Pass") within 1 yuan are exempt from confidentiality and visa-free transactions. Because the cards are lost or stolen, the cardholders can get compensation for the stolen consumption within 72 hours before reporting the loss, and each cardholder can pay a maximum of 3, yuan annually. ?
the principle of compensation is "full risk compensation". In order to reduce the security concerns of cardholders, UnionPay and commercial banks have set up special compensation for cardholders, providing a small amount of double exemption "full risk compensation" service, which can cover the fraudulent losses suffered by cardholders.
Baidu Encyclopedia-Confidential Payment
Bank of China-Announcement on Opening the "Small Confidential Exemption" Service of UnionPay Chip Credit Card