Today, the form of payment is increasingly diverse. Whether you are going out for dinner or shopping, besides “scanning code”, there is another way to pay–credit card.
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1
Risk
However, if there is a word “Quickpass” in your card, you should be aware of the potential risk, and fully notified while applying for the cards.
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But this may leave cardholders open to falling victim to identity theft, the “315” evening show hosted by CCTV on World Consumer Rights Day suggested.
The Quickpass service is given a load amount capped at 1,000 yuan and an upper daily limit on purchase amount.
Therefore, consumers can make payments at UnionPay card-accepting terminals without signing their names or entering the PIN.
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2
Apologize & Worry
On March 16th, China UnionPay, a Shanghai-based bank card organization issued an announcement to apologize for the cardholders.
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Many netizens said it is recommended that UnionPay inform users that the card has a Quickpass function. And give cardholders the right to choose whether to open it.
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3
Do you?
Does your card have “Quickpass”?
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The limit of small amount without code and signing is increased from 300 to 1000 yuan.
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The daily limit on purchase amount is increased from 2000 to 3000 yuan.
( Consult the issuing bank for more detailed information)
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What’s more, the function of small amount without code and signing is enabled by default.
That is, when you use your card to buy something, you don’t have to import code and sign your signature.
4
“Quickgone“
“Quickpass” makes money “Quickgone“
Fraud utilize the disguised POS machine to go near you and use your card for a fraudulent purpose by using this function.
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The induced distance is only about 5cm!
Below is the personal information security test did by CCTV, stealing your card information only need a few seconds.
Therefore, if you don’t like this function, you can submit applications to issuing bank for turning off it
In response, China UnionPay claimed that the Quickpass service is both “convenient and safe” and it has been widely adopted around the world.
The company said it will work with banks to improve its services and offer more convenience for users.
