What does bank risk control mean?

Bank risk control means that credit card holders often receive risk short messages from bank credit cards in the process of using credit cards, which is also commonly called bank risk control.

Bank risk control refers to the risk control of credit cards. In order to reduce the cost of issuing credit cards and reduce losses, major banks will strictly examine credit cards and monitor the use of cards by cardholders. Once they find the risk of using the card, they will take risk control measures, such as blocking the card and freezing it.

Generally, you will receive a risk control reminder after a large transaction or a large continuous failed transaction (wrong password, insufficient balance). Some banks may ask you to provide proof of consumption, such as invoices, invoices, etc.

Extended data:

At present, China's credit system is not perfect, and businesses and individuals occasionally encounter some wrong measures in the system. Therefore, in order to ensure the safety of funds and the interests of cardholders, banks will control the risks of credit cards.

Banks use online transaction monitoring to identify credit card risks. Generally speaking, banks collect information about credit card holders' education, age, debt, work and so on. , check the time, amount, location, transaction times and other specific behaviors of credit card holders, and then refer to the weight with the relevant risk formula.

Phoenix. Risk control from the perspective of bank retail business