What does the Postal Savings Bank mean by a small amount of confidentiality exemption and visa exemption?

Cardholders can enjoy a safe and fast payment experience without going to the bank counter or calling the issuing bank.

Small confidential exemption and visa-free is a small fast payment service provided by China UnionPay for cardholders.

When a cardholder uses a financial IC card with the function of "flash payment" to conduct a transaction with a certain amount (within RMB in 300 yuan and subject to the local limit overseas) or less at a designated merchant, he only needs to "swipe his card" near the "flash payment" induction area of an acceptance terminal such as a POS machine to complete the payment.

During the payment process, you will not be asked to enter a password, nor do you need to sign. The transaction you make with the function of "small confidential exemption and visa exemption" of UnionPay chip credit card will be included in the credit card account as a consumer transaction.

For security reasons, the daily limit of this function is RMB 65,438+0,000 per card. If the transaction limit is exceeded, the merchant may be required to complete the transaction in the form of card insertion. If you still need to use the secret security function, you can also complete the transaction by inserting a card.